Nutanix Inc (NTNX) Short Interest Up 33.4% in November
Nutanix Inc (NASDAQ:NTNX) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 4,632,579 shares, an increase of 33.4% from the October 31st total of 3,473,515 shares. Based on an average daily trading volume, of 1,699,832 shares, the days-to-cover ratio is currently 2.7 days. Approximately 35.7% of the company’s stock are sold short.
A number of analysts have recently issued reports on NTNX shares. Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $47.17 price objective on the stock in a report on Tuesday, October 4th. Summit Redstone started coverage on shares of Nutanix in a report on Friday, October 14th. They issued a “sell” rating on the stock. They noted that the move was a valuation call. BTIG Research started coverage on shares of Nutanix in a report on Wednesday, October 19th. They issued a “neutral” rating on the stock. JMP Securities started coverage on shares of Nutanix in a report on Tuesday, October 18th. They issued an “outperform” rating and a $38.00 price objective on the stock. Finally, Maxim Group started coverage on shares of Nutanix in a report on Friday, September 30th. They issued a “buy” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $36.26.
Nutanix (NASDAQ:NTNX) opened at 33.34 on Tuesday. The firm has a 50 day moving average of $29.71 and a 200 day moving average of $30.98. The firm’s market capitalization is $1.54 billion. Nutanix has a 12-month low of $23.11 and a 12-month high of $46.78.
In related news, major shareholder Canada Pension Plan Investment purchased 104,200 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were purchased at an average price of $28.96 per share, with a total value of $3,017,632.00. Following the completion of the purchase, the insider now owns 1,945,407 shares in the company, valued at approximately $56,338,986.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Institutional investors have recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in shares of Nutanix during the third quarter worth about $185,000. BlackRock Investment Management LLC purchased a new position in shares of Nutanix during the third quarter worth about $195,000. Mark Asset Management Corp purchased a new position in shares of Nutanix during the third quarter worth about $222,000. TD Asset Management Inc. purchased a new position in shares of Nutanix during the third quarter worth about $259,000. Finally, SG Americas Securities LLC purchased a new position in shares of Nutanix during the third quarter worth about $282,000.
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Nutanix Company Profile
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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