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

Nutanix, Inc. (NASDAQ:NTNX) was the recipient of a significant decrease in short interest during the month of 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 trading volume, of 2,710,000 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Ratings Changes

NTNX has been the subject of several analyst reports. Royal Bank of Canada boosted their price target on Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. William Blair raised shares of Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Bank of America upped their price target on shares of Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Morgan Stanley upped their price target on shares of Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.17.

Nutanix Stock Performance

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

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. As a group, analysts anticipate that Nutanix will post -0.04 EPS for the current fiscal year.

Insider Activity at Nutanix

In other news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the transaction, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the transaction, the insider now owns 13,168 shares of the company’s stock, valued at $819,708. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock valued at $8,270,938 over the last quarter. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Nutanix

Several institutional investors and hedge funds have recently bought and sold shares of the business. FIL Ltd increased its stake in shares of Nutanix by 74.7% in the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after purchasing an additional 3,809,981 shares during the period. Norges Bank acquired a new stake in shares of Nutanix in the fourth quarter valued at approximately $137,465,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Nutanix in the third quarter valued at approximately $82,421,000. FMR LLC increased its stake in shares of Nutanix by 1.6% in the third quarter. FMR LLC now owns 35,942,093 shares of the technology company’s stock valued at $1,253,660,000 after purchasing an additional 578,189 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Nutanix by 61.4% during the fourth quarter. Federated Hermes Inc. now owns 1,295,112 shares of the technology company’s stock valued at $61,764,000 after acquiring an additional 492,463 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

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.