Nutanix Target of Unusually Large Options Trading (NASDAQ:NTNX)

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

Insider Activity at Nutanix

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

Institutional Investors Weigh In On Nutanix

Several institutional investors have recently made changes to their positions in NTNX. Twin Tree Management LP acquired a new stake in Nutanix during the first quarter worth about $29,000. Farther Finance Advisors LLC lifted its stake in Nutanix by 42.6% during the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Nutanix in the 2nd quarter valued at $45,000. Banque Transatlantique SA acquired a new position in shares of Nutanix during the 1st quarter worth $46,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Nutanix by 3,122.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock worth $53,000 after buying an additional 687 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Performance

NTNX traded up $2.74 during trading on Wednesday, reaching $51.01. 3,160,929 shares of the stock were exchanged, compared to its average volume of 3,073,137. The stock has a market cap of $13.79 billion, a P/E ratio of 68.00, a price-to-earnings-growth ratio of 5.08 and a beta of 0.53. The stock’s 50 day moving average price is $61.33 and its two-hundred day moving average price is $69.38. Nutanix has a twelve month low of $46.12 and a twelve month high of $83.36.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $670.58 million for the quarter, compared to analyst estimates of $677.23 million. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. Equities research analysts predict that Nutanix will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of analyst reports. Zacks Research cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Oppenheimer assumed coverage on Nutanix in a report on Monday, November 17th. They set an “outperform” rating and a $90.00 target price on the stock. KeyCorp lowered their price target on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Wells Fargo & Company dropped their price target on Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. Finally, Northland Capmk lowered Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Nutanix has an average 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.