Investors Purchase High Volume of Call Options on Nutanix (NASDAQ:NTNX)

Nutanix, Inc. (NASDAQ:NTNX) saw some unusual options trading on Thursday. Traders bought 5,843 call options on the stock. This is an increase of approximately 148% compared to the typical daily volume of 2,360 call options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in shares of Nutanix by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 706,101 shares of the technology company’s stock valued at $18,938,000 after buying an additional 13,696 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Nutanix by 57.0% in the 1st quarter. Bank of Montreal Can now owns 108,342 shares of the technology company’s stock worth $2,939,000 after purchasing an additional 39,341 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Nutanix in the 1st quarter valued at $371,000. BlackRock Inc. increased its position in shares of Nutanix by 1.2% during the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock worth $260,245,000 after buying an additional 117,982 shares during the period. Finally, Blair William & Co. IL raised its stake in Nutanix by 12.4% during the first quarter. Blair William & Co. IL now owns 296,205 shares of the technology company’s stock worth $7,944,000 after buying an additional 32,566 shares during the last quarter. Institutional investors own 78.74% of the company’s stock.

Nutanix Trading Up 0.9 %

NTNX traded up $0.29 on Thursday, reaching $31.10. The stock had a trading volume of 2,975,581 shares, compared to its average volume of 1,435,595. The firm has a 50-day moving average of $29.25 and a 200-day moving average of $27.52. Nutanix has a fifty-two week low of $17.26 and a fifty-two week high of $33.73. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of -17.51 and a beta of 1.32.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research reports. StockNews.com assumed coverage on shares of Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Royal Bank of Canada raised their target price on shares of Nutanix from $33.00 to $38.00 in a report on Thursday, May 25th. Wells Fargo & Company increased their price target on shares of Nutanix from $32.00 to $35.00 in a research report on Friday, May 26th. KeyCorp cut their target price on Nutanix from $38.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, August 11th. Finally, Piper Sandler lifted their price target on Nutanix from $33.00 to $35.00 in a research note on Thursday, May 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.