Nutanix Inc. (NTNX) Short Interest Down 12.8% in October
Nutanix Inc. (NASDAQ:NTNX) saw a large drop in short interest in the month of October. As of October 13th, there was short interest totalling 14,294,328 shares, a drop of 12.8% from the September 29th total of 16,393,087 shares. Approximately 18.3% of the shares of the company are sold short. Based on an average trading volume of 5,460,479 shares, the days-to-cover ratio is currently 2.6 days.
Nutanix (NTNX) opened at 27.80 on Friday. The company’s market cap is $4.31 billion. Nutanix has a 12 month low of $21.21 and a 12 month high of $34.96. The firm has a 50-day moving average price of $24.07 and a 200 day moving average price of $24.07.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. The business had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The business’s quarterly revenue was up 61.7% compared to the same quarter last year. On average, equities analysts expect that Nutanix will post ($0.94) earnings per share for the current year.
NTNX has been the subject of a number of research reports. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price objective for the company in a research report on Monday, October 16th. Bank of America Corporation raised their price objective on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Jefferies Group LLC initiated coverage on Nutanix in a research report on Thursday, August 17th. They issued a “buy” rating and a $30.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of Nutanix in a research report on Friday, October 13th. Finally, Stifel Nicolaus reiterated a “neutral – hold” rating on shares of Nutanix in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.10.
In other Nutanix news, EVP David Sangster sold 5,891 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $22.39, for a total value of $131,899.49. Following the completion of the sale, the executive vice president now owns 89,000 shares in the company, valued at approximately $1,992,710. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rajiv Mirani sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $26.42, for a total value of $528,400.00. The disclosure for this sale can be found here. Insiders sold a total of 536,891 shares of company stock valued at $12,358,039 in the last quarter.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTNX. Wells Fargo & Company MN lifted its stake in Nutanix by 30.7% during the first quarter. Wells Fargo & Company MN now owns 60,584 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 14,233 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Nutanix by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 42,718 shares of the technology company’s stock worth $802,000 after purchasing an additional 10,119 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Nutanix by 70.2% during the first quarter. Ameriprise Financial Inc. now owns 155,418 shares of the technology company’s stock worth $2,916,000 after purchasing an additional 64,102 shares during the last quarter. FMR LLC lifted its stake in Nutanix by 14.0% during the first quarter. FMR LLC now owns 2,863,858 shares of the technology company’s stock worth $53,755,000 after purchasing an additional 351,058 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Nutanix during the first quarter worth $1,093,000. Hedge funds and other institutional investors own 31.32% of the company’s stock.
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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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