Nutanix Sees Unusually High Options Volume (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 4,408 call options on the company. This represents an increase of 35% compared to the typical volume of 3,277 call options.

Insider Transactions at Nutanix

In other Nutanix news, Director Teresa Gayle Sheppard sold 3,500 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total transaction of $267,680.00. Following the completion of the sale, the director directly owned 22,400 shares of the company’s stock, valued at approximately $1,713,152. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the completion of the sale, the chief executive officer owned 524,608 shares in the company, valued at $40,090,543.36. This represents a 21.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is owned by company insiders.

Institutional Trading of Nutanix

Several large investors have recently made changes to their positions in NTNX. New Mexico Educational Retirement Board purchased a new position in shares of Nutanix during the third quarter worth $4,062,000. IFP Advisors Inc grew its position in Nutanix by 0.6% during the 3rd quarter. IFP Advisors Inc now owns 59,940 shares of the technology company’s stock worth $4,459,000 after purchasing an additional 387 shares during the period. Swiss Life Asset Management Ltd raised its stake in shares of Nutanix by 11.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 30,842 shares of the technology company’s stock valued at $2,294,000 after buying an additional 3,054 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Nutanix during the 3rd quarter valued at about $679,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Nutanix by 135.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after buying an additional 609 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX stock opened at $50.69 on Friday. Nutanix has a fifty-two week low of $46.12 and a fifty-two week high of $83.36. The firm has a market capitalization of $13.71 billion, a PE ratio of 67.59, a P/E/G ratio of 5.34 and a beta of 0.53. The stock’s 50-day simple moving average is $60.55 and its 200-day simple moving average is $69.12.

Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The firm had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. Sell-side analysts forecast that Nutanix will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on NTNX shares. JPMorgan Chase & Co. decreased their target price on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Monday. Piper Sandler reissued an “overweight” rating and issued a $72.00 price objective (down previously from $88.00) on shares of Nutanix in a research report on Wednesday, November 26th. Finally, KeyCorp dropped their target price on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.13.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.