Traders Purchase High Volume of Call Options on Nutanix (NTNX)
Nutanix Inc. (NASDAQ:NTNX) saw unusually large options trading on Monday. Traders bought 1,998 call options on the company. This represents an increase of 123% compared to the average volume of 896 call options.
In related news, CFO Duston Williams sold 80,244 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $17.23, for a total value of $1,382,604.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Lightspeed Venture Partners Vi sold 113,227 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $17.75, for a total value of $2,009,779.25. The disclosure for this sale can be found here. Insiders sold 2,424,623 shares of company stock worth $44,678,911 over the last quarter.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after buying an additional 1,295,813 shares during the last quarter. FMR LLC raised its stake in Nutanix by 14.0% in the first quarter. FMR LLC now owns 2,863,858 shares of the technology company’s stock valued at $53,755,000 after buying an additional 351,058 shares during the last quarter. Sapphire Ventures L.L.C. purchased a new stake in Nutanix during the first quarter valued at approximately $51,506,000. Raging Capital Management LLC purchased a new stake in Nutanix during the first quarter valued at approximately $27,315,000. Finally, Macquarie Group Ltd. raised its stake in Nutanix by 418.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company’s stock valued at $36,291,000 after buying an additional 1,102,841 shares during the last quarter. 18.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nutanix (NTNX) traded up 1.95% during midday trading on Monday, reaching $18.01. The company’s stock had a trading volume of 1,675,018 shares. The firm’s market cap is $2.73 billion. The stock’s 50 day moving average price is $17.11 and its 200 day moving average price is $23.32. Nutanix has a one year low of $14.38 and a one year high of $46.78.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. The firm had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The firm’s revenue was up 67.2% on a year-over-year basis. Analysts predict that Nutanix will post ($1.45) earnings per share for the current year.
NTNX has been the topic of a number of research analyst reports. Bank of America Corporation initiated coverage on Nutanix in a research report on Thursday, April 6th. They issued a “buy” rating and a $27.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Nutanix in a research report on Tuesday, May 2nd. Credit Suisse Group reiterated an “outperform” rating and issued a $38.00 target price on shares of Nutanix in a research report on Monday, March 6th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Nutanix in a research report on Thursday, April 6th. Finally, Morgan Stanley upgraded Nutanix from an “underweight” rating to an “equal weight” rating and set a $19.00 target price on the stock in a research report on Wednesday, May 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.48.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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