Nutanix Sees Unusually Large Options Volume (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 9,406 call options on the company. This is an increase of 234% compared to the typical daily volume of 2,815 call options.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Morgan Stanley cut their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. Royal Bank Of Canada restated an “outperform” rating and set a $55.00 price objective on shares of Nutanix in a report on Wednesday, April 8th. Barclays lowered their price objective on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, William Blair restated a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average target price of $60.87.

Institutional Trading of Nutanix

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in Nutanix by 102.0% in the third quarter. Rhumbline Advisers now owns 868,143 shares of the technology company’s stock valued at $64,581,000 after acquiring an additional 438,268 shares during the period. Vinva Investment Management Ltd lifted its holdings in Nutanix by 222.8% in the third quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock valued at $27,221,000 after acquiring an additional 244,006 shares during the period. New York State Teachers Retirement System lifted its holdings in Nutanix by 1,734.6% in the third quarter. New York State Teachers Retirement System now owns 203,380 shares of the technology company’s stock valued at $15,129,000 after acquiring an additional 192,294 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Nutanix by 674.7% in the third quarter. Thrivent Financial for Lutherans now owns 61,590 shares of the technology company’s stock valued at $4,582,000 after acquiring an additional 53,640 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Nutanix by 22.8% in the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock valued at $181,734,000 after acquiring an additional 653,042 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Nutanix stock traded up $1.08 during mid-day trading on Thursday, hitting $45.58. 600,441 shares of the company traded hands, compared to its average volume of 4,290,904. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 4.96 and a beta of 0.54. Nutanix has a one year low of $34.01 and a one year high of $83.36. The stock has a fifty day moving average price of $40.29 and a 200-day moving average price of $47.23.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. The firm had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Sell-side analysts predict that Nutanix will post 0.56 EPS for the current year.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.