Nutanix Inc (NASDAQ:NTNX) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 10,561,837 shares, a growth of 21.5% from the April 15th total of 8,690,509 shares. Based on an average trading volume of 2,582,986 shares, the short-interest ratio is currently 4.1 days. Approximately 7.5% of the company’s stock are short sold.

In related news, COO David Sangster sold 7,917 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 7,917 shares of the company’s stock, valued at $284,932.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tyler Wall sold 12,132 shares of the company’s stock in a transaction on Monday, March 25th. The shares were 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. Insiders sold 35,049 shares of company stock worth $1,385,135 over the last ninety days. 14.57% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in NTNX. FMR LLC grew its position in shares of Nutanix by 13.0% during the fourth quarter. FMR LLC now owns 19,000,669 shares of the technology company’s stock worth $790,238,000 after acquiring an additional 2,179,982 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of Nutanix during the first quarter worth about $60,031,000. Castle Hook Partners LP bought a new position in shares of Nutanix during the first quarter worth about $57,502,000. Frontier Capital Management Co. LLC grew its position in shares of Nutanix by 136.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,587,285 shares of the technology company’s stock worth $107,605,000 after acquiring an additional 1,491,988 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Nutanix during the fourth quarter worth about $57,947,000. Institutional investors and hedge funds own 60.15% of the company’s stock.

Nutanix stock opened at $35.14 on Friday. The stock has a market cap of $6.32 billion, a PE ratio of -20.79 and a beta of 1.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.55 and a quick ratio of 2.55. Nutanix has a one year low of $32.52 and a one year high of $64.87.

Nutanix (NASDAQ:NTNX) last released 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 business 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%. Equities research analysts predict that Nutanix will post -2.95 EPS for the current year.

Several analysts have weighed in on NTNX shares. Zacks Investment Research lowered shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday. William Blair reiterated an “outperform” rating on shares of Nutanix in a research note on Thursday, March 21st. ValuEngine lowered shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Bank of America reiterated a “buy” rating and set a $51.00 target price (down previously from $63.00) on shares of Nutanix in a research note on Friday, March 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $63.00 target price (down previously from $76.00) on shares of Nutanix in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $53.31.

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Nutanix Company Profile

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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