Investors Buy Large Volume of Nutanix Call Options (NASDAQ:NTNX)

Nutanix, Inc. (NASDAQ:NTNX) was the target of unusually large options trading activity on Wednesday. Stock investors bought 13,779 call options on the stock. This is an increase of approximately 388% compared to the average volume of 2,821 call options.

Insider Transactions at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Nutanix

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in shares of Nutanix by 48.7% in the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after buying an additional 24,918 shares during the period. Diversified Trust Co lifted its position in shares of Nutanix by 46.7% in the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after acquiring an additional 11,668 shares in the last quarter. Versor Investments LP boosted its stake in Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after purchasing an additional 22,652 shares during the period. Marshall Wace LLP grew its position in Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC acquired a new stake in Nutanix during the 2nd quarter valued at $2,274,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTNX. Bank of America raised their target price on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective for the company. Raymond James raised their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC upped their price target on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Piper Sandler increased their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average price target of $78.86.

Nutanix Trading Down 7.8 %

Shares of Nutanix stock opened at $66.70 on Friday. Nutanix has a 52 week low of $40.44 and a 52 week high of $75.80. The company’s 50-day moving average price is $64.79 and its two-hundred day moving average price is $59.45.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Nutanix had a negative return on equity of 12.43% and a negative net margin of 3.54%. The business had revenue of $547.95 million during the quarter, compared to analyst estimates of $537.12 million. As a group, analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.