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

Nutanix (NASDAQ:NTNX) saw unusually large options trading on Tuesday. Stock traders purchased 13,125 call options on the stock. This is an increase of 315% compared to the average volume of 3,163 call options.

Nutanix Stock Down 2.6%

Shares of NTNX stock traded down $1.03 during mid-day trading on Tuesday, reaching $39.36. 1,005,111 shares of the stock traded hands, compared to its average volume of 4,994,255. The stock’s fifty day simple moving average is $41.21 and its two-hundred day simple moving average is $55.40. Nutanix has a 1-year low of $35.39 and a 1-year high of $83.36. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 4.22 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Nutanix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in shares of Nutanix by 7.5% in the 4th quarter. Hsbc Holdings PLC now owns 124,779 shares of the technology company’s stock valued at $6,453,000 after purchasing an additional 8,663 shares during the last quarter. Tobam raised its stake in Nutanix by 135.4% during the fourth quarter. Tobam now owns 23,350 shares of the technology company’s stock worth $1,207,000 after buying an additional 13,430 shares during the last quarter. Wick Capital Partners LLC bought a new position in Nutanix during the fourth quarter worth $416,000. Avory & Company LLC acquired a new position in Nutanix in the fourth quarter valued at $367,000. Finally, Pacer Advisors Inc. lifted its holdings in Nutanix by 33.3% in the fourth quarter. Pacer Advisors Inc. now owns 278,298 shares of the technology company’s stock valued at $14,385,000 after buying an additional 69,517 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. KeyCorp decreased their target price on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. William Blair restated a “market perform” rating on shares of Nutanix in a research report on Monday. Finally, Northland Securities cut their price target on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, November 26th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average target price of $62.43.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.