Nutanix Target of Unusually High Options Trading (NTNX)

Therese Poletti  MarketWatch

Heading into the stock price potential, Cara Therapeutics, Inc. needs to grow just 79.21% to cross its median price target of $25.

Several analysts recently commented on NTNX shares. The firm has "Overweight" rating given on Tuesday, October 25 by Pacific Crest. Bank of America Corporation began coverage on Nutanix in a research report on Thursday, April 6th. Maxim Group reissued a "buy" rating and issued a $41.00 price target on shares of Nutanix in a research report on Friday, May 26th. Finally, JMP Securities set a $35.00 price objective on shares of Nutanix and gave the company a buy rating in a research report on Tuesday, April 18th.

More businesses are looking to adapt the technology, with 18% of chief information officers saying they expected to move to hyperconverged systems in the next two years, according to a survey by Goldman Sachs. The stock presently has a consensus rating of "Buy" and an average price target of $32.01.

Nutanix Inc (NASDAQ:NTNX) opened its previous trading session at $19.63 later Inclining 3.79% to close its trade at a share price of $20.27. Leading up to this report, we have seen a -20.01% fall in the stock price over the last 30 days and a -23.27% decline over the past 3 months. This change led market cap to move at $3.20B, putting the price -56.67% below the 52-week high and 40.96% above the 52-week low. The stock is trading $17.90 its 50-day moving average by -1.63%.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, May 25th.

So the company beats the analysts estimate by $0.03/share showing a surprise of 6.7%. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business had revenue of $191.76 million for the quarter, compared to analyst estimates of $186.56 million. The company's revenue for the quarter was up 67.2% compared to the same quarter a year ago. On average, equities research analysts expect that Nutanix will post ($1.45) EPS for the current year.

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In other Nutanix news, CFO Duston Williams sold 80,244 shares of the company's stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $17.23, for a total transaction of $1,382,604.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Rajiv Mirani sold 4,600 shares of the business's stock in a transaction dated Monday, June 26th. Following the completion of the transaction, the senior vice president now owns 255,600 shares of the company's stock, valued at $5,117,112. The disclosure for this sale can be found here. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Washington Capital Management Inc. acquired a new stake in shares of Nutanix during the first quarter valued at about $225,000. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company's stock valued at $36,291,000 after buying an additional 1,102,841 shares during the last quarter.

Nutanix Inc. (NASDAQ:NTNX) saw some unusual options trading on Friday. FMR LLC now owns 2,512,800 shares of the technology company's stock worth $66,740,000 after buying an additional 688,489 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Nutanix during the fourth quarter worth about $566,000. About 7.07M shares traded or 97.49% up from the average. State Street Corp acquired a new position in Nutanix during the fourth quarter valued at approximately $3,772,000. Analysts giving shares a rating of 1 or 2 would be indicating a Buy.

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