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

Nutanix, Inc. (NASDAQ:NTNX) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 7,500,000 shares, a decrease of 12.4% from the February 28th total of 8,560,000 shares. Based on an average daily volume of 2,350,000 shares, the short-interest ratio is presently 3.2 days. Currently, 3.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NTNX shares. Oppenheimer lifted their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Raymond James set a $83.00 price target on shares of Nutanix in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $87.79.

Nutanix Stock Performance

Shares of NTNX stock opened at $69.80 on Wednesday. The firm’s 50 day moving average price is $70.56 and its two-hundred day moving average price is $66.56. Nutanix has a 52-week low of $43.35 and a 52-week high of $79.99. The stock has a market cap of $18.61 billion, a PE ratio of -199.43, a PEG ratio of 11.80 and a beta of 1.04.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. The trade was a 32.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company’s stock, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock valued at $30,000 after buying an additional 191 shares during the period. California State Teachers Retirement System increased its stake in shares of Nutanix by 64.9% in the 4th quarter. California State Teachers Retirement System now owns 384,469 shares of the technology company’s stock valued at $23,522,000 after acquiring an additional 151,308 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Nutanix by 58.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 33,068 shares of the technology company’s stock valued at $2,023,000 after acquiring an additional 12,140 shares during the period. Siemens Fonds Invest GmbH bought a new position in Nutanix during the 4th quarter worth approximately $552,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Nutanix during the fourth quarter valued at approximately $9,809,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Company Profile

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.