Nutanix Sees Unusually Large Options Volume (NTNX)
Nutanix Inc. (NASDAQ:NTNX) was the target of some unusual options trading activity on Wednesday. Traders acquired 3,622 put options on the company. This is an increase of approximately 663% compared to the average volume of 475 put options.
A number of equities analysts have commented on NTNX shares. Stifel Nicolaus set a $25.00 price target on shares of Nutanix and gave the company a “hold” rating in a research report on Tuesday, August 15th. Jefferies Group LLC started coverage on shares of Nutanix in a research report on Thursday, August 17th. They issued a “buy” rating and a $30.00 price target on the stock. William Blair restated a “buy” rating on shares of Nutanix in a research report on Thursday, August 31st. Bank of America Corporation restated a “buy” rating and issued a $27.00 price target on shares of Nutanix in a research report on Thursday, August 31st. Finally, KeyCorp restated a “buy” rating and issued a $32.00 price target on shares of Nutanix in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Nutanix has an average rating of “Buy” and an average target price of $31.24.
In other Nutanix news, Director Jeffrey T. Parks sold 408,291 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $29.55, for a total value of $12,064,999.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.11, for a total transaction of $873,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,738,869 shares of company stock worth $48,256,598. 19.81% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the company. FMR LLC lifted its holdings in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after buying an additional 9,180,123 shares during the period. Vanguard Group Inc. lifted its holdings 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 period. Franklin Resources Inc. acquired a new position in Nutanix in the second quarter valued at approximately $55,063,000. Hodges Capital Management Inc. lifted its holdings in Nutanix by 40.3% in the second quarter. Hodges Capital Management Inc. now owns 1,437,788 shares of the technology company’s stock valued at $28,971,000 after buying an additional 412,998 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in Nutanix by 17.9% in the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock valued at $18,910,000 after buying an additional 128,493 shares during the period. Institutional investors own 32.81% of the company’s stock.
Nutanix (NASDAQ NTNX) opened at $34.30 on Monday. Nutanix has a 12-month low of $14.38 and a 12-month high of $34.83.
Nutanix (NASDAQ:NTNX) last announced its 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. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix’s revenue was up 61.7% compared to the same quarter last year. research analysts anticipate that Nutanix will post -2.19 earnings per share for the current year.
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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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