Nutanix, Inc. (NASDAQ:NTNX) Short Interest Down 18.5% in April

Nutanix, Inc. (NASDAQ:NTNX) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 5,120,000 shares, a decline 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 short-interest ratio is presently 1.9 days.

Nutanix Stock Performance

Shares of NTNX traded up $0.61 during trading hours on Monday, hitting $62.27. 2,186,772 shares of the company were exchanged, compared to its average volume of 2,694,659. The company has a market cap of $15.21 billion, a PE ratio of -172.97 and a beta of 1.29. The firm’s 50 day moving average is $62.26 and its 200-day moving average is $51.80. Nutanix has a 52 week low of $23.80 and a 52 week high of $66.99.

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

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of research analyst reports. KeyCorp lifted their price target on Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. JMP Securities lifted their price target on Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a report on Monday, February 5th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. Barclays lifted their price target on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Needham & Company LLC lifted their price target on Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.17.

Insider Transactions at Nutanix

In other 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 sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other 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 sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the sale, the insider now directly owns 13,168 shares in the company, valued at $819,708. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,506 shares of company stock valued at $8,270,938. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Nutanix

Several hedge funds and other institutional investors have recently made changes to their positions in NTNX. Principal Financial Group Inc. boosted its stake in Nutanix by 22.8% during the 1st quarter. Principal Financial Group Inc. now owns 21,521 shares of the technology company’s stock valued at $1,328,000 after purchasing an additional 3,990 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Nutanix by 4,816.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,966 shares of the technology company’s stock valued at $306,000 after acquiring an additional 4,865 shares during the period. Whalen Wealth Management Inc. acquired a new stake in shares of Nutanix in the first quarter worth $237,000. Assenagon Asset Management S.A. increased its position in Nutanix by 441.3% during the first quarter. Assenagon Asset Management S.A. now owns 588,843 shares of the technology company’s stock worth $36,343,000 after acquiring an additional 480,069 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its stake in Nutanix by 2.4% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 214,185 shares of the technology company’s stock valued at $13,219,000 after purchasing an additional 4,954 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

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.