Nutanix Inc (NASDAQ:NTNX) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 9,805,702 shares, an increase of 41.2% from the February 28th total of 6,942,510 shares. Based on an average daily trading volume, of 10,064,596 shares, the short-interest ratio is presently 1.0 days. Approximately 7.1% of the company’s stock are short sold.
NTNX has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Nutanix from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $57.00 to $58.00 in a research note on Tuesday, January 15th. Maxim Group lowered their target price on shares of Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Deutsche Bank started coverage on shares of Nutanix in a research note on Tuesday, March 12th. They set a “hold” rating for the company. BTIG Research decreased their price objective on shares of Nutanix to $50.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Stifel Nicolaus cut shares of Nutanix from a “buy” rating to a “hold” rating and decreased their price objective for the company from $55.00 to $39.00 in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $54.69.
In other news, COO David Sangster sold 7,917 shares of Nutanix stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $35.99, for a total value of $284,932.83. Following the transaction, the chief operating officer now owns 7,917 shares of the company’s stock, valued at approximately $284,932.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tyler Wall sold 12,132 shares of Nutanix stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.23, for a total transaction of $500,202.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,965 shares of company stock worth $1,794,076. Insiders own 14.57% of the company’s stock.
NASDAQ NTNX traded up $0.74 on Friday, hitting $42.84. The company had a trading volume of 4,189,763 shares, compared to its average volume of 3,699,191. The firm has a market cap of $7.80 billion, a PE ratio of -25.35 and a beta of 0.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.55 and a current ratio of 2.55. Nutanix has a 12-month low of $32.52 and a 12-month high of $64.87.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, February 28th. The technology company reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.57) by $0.02. The company had revenue of $335.36 million during the quarter, compared to analyst estimates of $331.04 million. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%. On average, equities analysts predict that Nutanix will post -2.95 EPS for the current fiscal year.
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Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.
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