Traders Purchase High Volume of Nutanix Call Options (NASDAQ:NTNX)

Nutanix, Inc. (NASDAQ:NTNX) was the target of unusually large options trading activity on Thursday. Traders purchased 5,399 call options on the stock. This is an increase of 76% compared to the typical daily volume of 3,066 call options.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at $37,832,410. This represents a 15.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the 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 transaction, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. This trade represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,917 shares of company stock valued at $12,114,781 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Nutanix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. lifted its stake in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Colonial Trust Co SC purchased a new stake in Nutanix in the 4th quarter valued at about $28,000. Larson Financial Group LLC lifted its position in 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 buying an additional 281 shares during the last quarter. Allworth Financial LP boosted its stake in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NTNX shares. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and raised their price target for the company from $77.00 to $97.00 in a research note on Thursday. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer raised their price objective on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Finally, UBS Group lifted their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $87.79.

Nutanix Price Performance

Nutanix stock opened at $76.89 on Friday. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of -219.69, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. The firm has a 50 day simple moving average of $66.98 and a 200-day simple moving average of $64.20. Nutanix has a 1-year low of $43.35 and a 1-year high of $79.90.

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.