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.

About Nutanix

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.

5 Day Chart for NASDAQ:NTNX

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