Nutanix Inc (NASDAQ:NTNX) Short Interest Up 8.4% in May

Nutanix Inc (NASDAQ:NTNX) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 11,658,100 shares, a growth of 8.4% from the April 30th total of 10,753,600 shares. Currently, 8.5% of the company’s shares are sold short. Based on an average daily volume of 4,150,000 shares, the days-to-cover ratio is presently 2.8 days.

Large investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Nutanix by 228.6% in the fourth quarter. Parallel Advisors LLC now owns 782 shares of the technology company’s stock valued at $32,000 after purchasing an additional 544 shares during the last quarter. Tortoise Index Solutions LLC acquired a new stake in shares of Nutanix in the first quarter valued at about $37,000. Advisory Services Network LLC grew its position in shares of Nutanix by 26.6% in the fourth quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock valued at $50,000 after purchasing an additional 253 shares during the last quarter. Covenant Multifamily Offices LLC acquired a new stake in shares of Nutanix in the first quarter valued at about $57,000. Finally, Captrust Financial Advisors grew its position in shares of Nutanix by 89.3% in the fourth quarter. Captrust Financial Advisors now owns 1,552 shares of the technology company’s stock valued at $65,000 after purchasing an additional 732 shares during the last quarter. 60.51% of the stock is currently owned by institutional investors.

NTNX has been the subject of a number of research reports. Stifel Nicolaus lowered their price target on Micron Technology from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, May 31st. BTIG Research decreased their target price on Nutanix to $40.00 and set a “buy” rating for the company in a research report on Friday, May 31st. William Blair reaffirmed a “buy” rating on shares of CELYAD SA/ADR in a research report on Monday, May 13th. Maxim Group downgraded SLS International from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Bank of America set a $77.00 price objective on Zscaler and gave the company a “neutral” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. Nutanix currently has a consensus rating of “Hold” and a consensus price target of $42.58.

Shares of NTNX traded up $0.51 during mid-day trading on Friday, reaching $27.36. The company’s stock had a trading volume of 6,296,178 shares, compared to its average volume of 3,891,434. The company has a fifty day moving average price of $27.72. The company has a market cap of $5.09 billion, a P/E ratio of -16.19 and a beta of 1.36. Nutanix has a 1 year low of $24.61 and a 1 year high of $63.38. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.41 and a current ratio of 2.41.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported ($1.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by ($0.12). The firm had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $297.20 million. Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. Nutanix’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.21) earnings per share. Sell-side analysts predict that Nutanix will post -3.28 EPS for the current year.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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