Traders Buy Large Volume of Call Options on Nutanix (NASDAQ:NTNX)

Nutanix (NASDAQ:NTNX) saw unusually large options trading on Wednesday. Stock traders bought 4,408 call options on the company. This is an increase of approximately 35% compared to the typical daily volume of 3,277 call options.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 144,707 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were 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 owned 524,608 shares of the company’s stock, valued at $40,090,543.36. This represents a 21.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Teresa Gayle Sheppard sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 22,400 shares in the company, valued at approximately $1,713,152. This trade represents a 13.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Nutanix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Twin Tree Management LP bought a new stake in shares of Nutanix in the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its stake in 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 last quarter. V Square Quantitative Management LLC bought a new stake in Nutanix in the second quarter worth approximately $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. increased its stake 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 purchasing an additional 687 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Trading Up 4.0%

NASDAQ NTNX opened at $50.20 on Thursday. Nutanix has a 1 year low of $46.12 and a 1 year high of $83.36. The company has a market cap of $13.57 billion, a PE ratio of 66.93, a PEG ratio of 5.13 and a beta of 0.53. The stock’s 50-day moving average price is $60.91 and its two-hundred day moving average price is $69.25.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Tuesday, November 25th. The technology company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The company had revenue of $670.58 million during the quarter, compared to analysts’ expectations of $677.23 million. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Research analysts forecast that Nutanix will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTNX. Barclays reiterated an “overweight” rating and set a $64.00 price target on shares of Nutanix in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a report on Monday. KeyCorp dropped their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Oppenheimer started coverage on shares of Nutanix in a research report on Monday, November 17th. They set an “outperform” rating and a $90.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.13.

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.