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

Nutanix (NASDAQ:NTNX) was the recipient of some unusual options trading on Wednesday. Investors bought 4,408 call options on the company. This is an increase of 35% compared to the average volume of 3,277 call options.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Morgan Stanley reduced their price target on shares of Nutanix from $90.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Northland Securities lowered their price objective on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, November 26th. Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, The Goldman Sachs Group decreased their target price on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.13.

Nutanix Trading Up 5.7%

Shares of NASDAQ:NTNX traded up $2.74 during mid-day trading on Wednesday, reaching $51.01. The company had a trading volume of 3,160,929 shares, compared to its average volume of 3,073,137. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 68.00, a PEG ratio of 5.08 and a beta of 0.53. Nutanix has a one year low of $46.12 and a one year high of $83.36. The company’s 50-day moving average price is $61.33 and its 200-day moving average price is $69.38.

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

Insider Activity

In related news, Director Teresa Gayle Sheppard sold 3,500 shares of Nutanix stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.48, for a total transaction of $267,680.00. Following the sale, the director directly owned 22,400 shares in the company, valued at $1,713,152. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 144,707 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 524,608 shares in the company, valued at approximately $40,090,543.36. This represents a 21.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.40% of the company’s stock.

Institutional Trading of Nutanix

A number of institutional investors have recently added to or reduced their stakes in NTNX. Twin Tree Management LP purchased a new position in Nutanix during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC boosted its position in shares of Nutanix by 42.6% in the second quarter. Farther Finance Advisors LLC now owns 502 shares of the technology company’s stock valued at $38,000 after acquiring an additional 150 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Nutanix in the second quarter valued at approximately $45,000. SJS Investment Consulting Inc. grew its stake in Nutanix by 3,122.7% during the third quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after acquiring an additional 687 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in Nutanix during the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

About Nutanix

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.