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

Nutanix, Inc. (NASDAQ:NTNX) was the target of some unusual options trading on Thursday. Stock traders purchased 5,399 call options on the company. This is an increase of 76% compared to the typical volume of 3,066 call options.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,917 shares of company stock worth $12,114,781 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Nutanix

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Harbour Investments Inc. lifted its position in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after buying an additional 418 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Nutanix during the 4th quarter valued at $28,000. Larson Financial Group LLC grew its position in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. Allworth Financial LP raised its stake in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

NASDAQ NTNX traded up $7.62 on Thursday, reaching $76.97. The company had a trading volume of 3,875,825 shares, compared to its average volume of 1,947,408. The company’s fifty day moving average is $66.49 and its 200-day moving average is $63.92. Nutanix has a 1-year low of $43.35 and a 1-year high of $79.90. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of -222.07, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of research reports. Needham & Company LLC upped their target price on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $77.00 to $97.00 in a report on Thursday. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday. UBS Group assumed coverage on Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.64.

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.