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

Nutanix, Inc. (NASDAQ:NTNX - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 5,120,000 shares, a decrease 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 days-to-cover ratio is currently 1.9 days.

Nutanix Price Performance

Shares of NASDAQ:NTNX traded up $0.77 on Friday, reaching $61.66. 1,164,365 shares of the company traded hands, compared to its average volume of 2,061,894. Nutanix has a fifty-two week low of $23.34 and a fifty-two week high of $66.99. The company's 50 day moving average is $62.18 and its 200-day moving average is $51.64. The stock has a market capitalization of $15.07 billion, a PE ratio of -171.28 and a beta of 1.29.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. As a group, analysts expect that Nutanix will post -0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research reports. Barclays lifted their target price on Nutanix from $49.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Needham & Company LLC lifted their target price on Nutanix from $62.00 to $72.00 and gave the company a "buy" rating in a research note 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. JPMorgan Chase & Co. lifted their price target on Nutanix from $54.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, February 26th. Finally, 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. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $65.17.

Insider Buying and Selling at Nutanix

In other news, Director Steven J. Gomo sold 25,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the sale, the director now owns 3,962 shares in the company, valued at $254,003.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Steven J. Gomo sold 25,000 shares of Nutanix stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the sale, the director now directly owns 3,962 shares of the company's stock, valued at $254,003.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 144,635 shares of the company's stock, valued at $9,368,008.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,506 shares of company stock worth $8,270,938. 0.46% of the stock is owned by insiders.

Institutional Investors Weigh In On Nutanix

A number of institutional investors and hedge funds have recently modified their holdings of NTNX. Whalen Wealth Management Inc. acquired a new stake in Nutanix during the 1st quarter valued at $237,000. Assenagon Asset Management S.A. raised its stake in Nutanix by 441.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 588,843 shares of the technology company's stock valued at $36,343,000 after purchasing an additional 480,069 shares during the period. 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 period. Venturi Wealth Management LLC raised its stake in Nutanix by 49.7% during the 1st quarter. Venturi Wealth Management LLC now owns 1,208 shares of the technology company's stock valued at $75,000 after purchasing an additional 401 shares during the period. Finally, Accurate Wealth Management LLC raised its stake in Nutanix by 13.8% during the 1st quarter. Accurate Wealth Management LLC now owns 6,528 shares of the technology company's stock valued at $384,000 after purchasing an additional 792 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

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.