Nutanix, Inc. (NASDAQ:NTNX) Short Interest Update

Nutanix, Inc. (NASDAQ:NTNX) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 5,120,000 shares, a decrease of 18.5% from the March 31st total of 6,280,000 shares. Based on an average daily volume of 2,710,000 shares, the short-interest ratio is presently 1.9 days.

Nutanix Trading Up 1.3 %

Shares of NTNX stock traded up $0.77 during midday trading on Friday, reaching $61.66. 1,164,365 shares of the stock were exchanged, compared to its average volume of 2,061,894. Nutanix has a 1 year low of $23.34 and a 1 year high of $66.99. The company’s 50 day moving average is $62.18 and its two-hundred day moving average is $51.55. The firm has a market cap of $15.07 billion, a PE ratio of -171.28 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analysts’ expectations of $551.82 million. As a group, equities analysts expect that Nutanix will post -0.04 EPS for the current fiscal year.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the sale, the director now owns 3,962 shares in the company, valued at approximately $254,003.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the sale, the director now owns 3,962 shares in the company, valued at approximately $254,003.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 23,932 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.05, for a total value of $1,508,912.60. Following the completion of the transaction, the chief executive officer now owns 373,024 shares in the company, valued at approximately $23,519,163.20. The disclosure for this sale can be found here. Insiders have sold a total of 129,506 shares of company stock worth $8,270,938 in the last 90 days. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NTNX. CWM LLC grew its stake in shares of Nutanix by 7.8% in the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company’s stock worth $158,000 after buying an additional 328 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Nutanix by 61.8% in the 3rd quarter. SG Americas Securities LLC now owns 24,264 shares of the technology company’s stock worth $846,000 after buying an additional 9,264 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Nutanix by 13.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,290 shares of the technology company’s stock worth $1,963,000 after buying an additional 6,716 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Nutanix in the 3rd quarter worth approximately $31,000. Finally, Mackenzie Financial Corp grew its stake in shares of Nutanix by 2.5% in the 3rd quarter. Mackenzie Financial Corp now owns 576,015 shares of the technology company’s stock worth $19,763,000 after buying an additional 14,192 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NTNX. Morgan Stanley boosted their target price on Nutanix from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th. Piper Sandler lifted their price target on Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Bank of America lifted their price target on Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. JMP Securities boosted their target price on Nutanix from $50.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Monday, February 5th. Finally, Royal Bank of Canada boosted their target price on Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $65.17.

About Nutanix

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.