Nutanix Inc (NTNX) Short Interest Up 97.0% in October
Nutanix Inc (NASDAQ:NTNX) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,473,515 shares, a growth of 97.0% from the October 14th total of 1,763,565 shares. Based on an average daily volume of 2,328,574 shares, the days-to-cover ratio is currently 1.5 days. Approximately 24.8% of the company’s shares are sold short.
In other news, major shareholder Canada Pension Plan Investment acquired 104,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was purchased at an average price of $28.96 per share, with a total value of $3,017,632.00. Following the completion of the acquisition, the insider now owns 1,945,407 shares of the company’s stock, valued at approximately $56,338,986.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds have recently bought and sold shares of NTNX. Lebenthal Lisanti Capital Growth LLC bought a new stake in Nutanix during the third quarter worth approximately $1,062,000. Henderson Group PLC bought a new stake in Nutanix during the third quarter worth approximately $3,925,000. Emerald Mutual Fund Advisers Trust bought a new stake in Nutanix during the third quarter worth approximately $740,000. Peregrine Capital Management LLC bought a new stake in Nutanix during the third quarter worth approximately $814,000. Finally, State of Wisconsin Investment Board bought a new stake in Nutanix during the third quarter worth approximately $8,451,000.
A number of brokerages recently issued reports on NTNX. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price objective for the company in a report on Tuesday, October 4th. Summit Redstone assumed coverage on shares of Nutanix in a research report on Friday, October 14th. They issued a “sell” rating on the stock. They noted that the move was a valuation call. JMP Securities assumed coverage on shares of Nutanix in a research report on Tuesday, October 18th. They issued an “outperform” rating and a $38.00 target price on the stock. BTIG Research assumed coverage on shares of Nutanix in a research report on Wednesday, October 19th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird assumed coverage on shares of Nutanix in a research report on Tuesday, October 25th. They issued an “outperform” rating and a $37.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.26.
Shares of Nutanix (NASDAQ:NTNX) opened at 32.45 on Wednesday. The firm’s market cap is $1.50 billion. Nutanix has a one year low of $23.11 and a one year high of $46.78. The company has a 50-day moving average of $30.41 and a 200 day moving average of $30.41.
Nutanix, Inc (Nutanix) provides an enterprise cloud platform that converges silos of server, virtualization and storage into one integrated solution and connects to public cloud services. The Company’s software-driven platform delivers the scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control.
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