Skip to Content

Nutanix Experiences Unusually High Option Volume (NASDAQ:NTNX)

Nutanix Experiences Unusually High Option Volume (NASDAQ:NTNX)

On Thursday, there was a markedly elevated level of options activity about Nutanix, Inc. (NASDAQ: NTNX), compared to what is considered to be the norm. Investors purchased a total of 46,004 call options on the underlying stock. Compared to the typical volume of 7,298 call options, this represents a 530% increase in the number of call options traded.
A substantial amount of investigation relating to NTNX has been compiled into reports. Needham & Company LLC upgraded their recommendation for Nutanix from “buy” to “strong buy” in a study released on Thursday, December 1, and they set their price target at $31.00. Barclays announced on Friday, December 2, that they had increased their price objective for Nutanix to $34.00. This information was included in a research report that was made public on Friday. Wells Fargo & Company upgraded Nutanix from an “equal weight” rating to an “overweight” rating and raised their price target on the stock from $20.00 to $32.00 in a research report released on Thursday, December 1. On Friday, December 2, StockNews.com changed their recommendation for Nutanix from “hold” to “buy,” reflecting an improvement in the company’s prospects. According to a report released on Thursday, December 1, by Bank of America, the company has increased its target price for Nutanix from $24.00 to $33.00. The report outlined multiple other price hikes in addition to this one. Only four market analysts polled have suggested that investors keep their existing security holdings, while seven have suggested that investors purchase the stock. The consensus recommendation regarding Nutanix on Bloomberg.com is that the company is a “Moderate Buy,” and the website’s average price target is $31.58.
NTNX’s share price finished the trading session on Thursday at $25.44, a decrease of $1.33 from its previous price. The company’s stock was traded 53,397 times, with an average volume of 2,667,048 shares. Over the past year, the price of Nutanix has ranged from a record low of $13.44 to an all-time high of $33.73 at various points. The stock’s moving average over the past fifty days is $28.42, and its moving average over the past 200 days is $22.31.
On January 3, a company insider named Tyler Wall sold 90,000 shares of the company’s stock. This is another piece of relevant information. The total value of the sold stock was $2,357,100.00, and the price received for each share was an average of $26.19. After the completion of the transaction, the company insider now owns 48,256 shares, which have a combined value of $1,263,824.64 in the company. Because of the filing with the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file. In related news, Chief Operating Officer David Sangster sold 121,478 shares of the company’s stock on Friday, December 16. This is another piece of information regarding Nutanix. The total value of the stock sold was $3,741,522.40, and the price received for each share, on average, was $30.80. As a result of the successful completion of the transaction, the chief operating officer currently owns 121,217 shares in the company. The price at which these shares are currently trading on the market is $3,733,483.60. If you follow this link, you will be taken to the SEC filing, where the transaction was discussed in more detail. In addition, an insider by the name of Tyler Wall sold a total of 90,000 shares of Nutanix stock on Tuesday, January 3. Because a total of $2,357,100.00 was received for the sale of the shares, we can deduce that the price paid for each share, on average, was $26.19. Following the conclusion of the transaction, the company insider now owns a total of 48,256 shares of the company’s stock, which have a combined value of approximately $1,263,824.64. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold 324,686 shares over the past three months, bringing in a total of $9,538,498 in profits. This represents 0.43 percent of the total number of shares of stock owned by the company.
During the most recent few months, several institutional investors have shifted the percentage of their portfolios allocated to NTNX holdings to reflect these new allocations. Primecap Management Company of California, based in California, increased its ownership of Nutanix by 46.1% during the second quarter. Primecap Management Co., CA, now holds 6,128,885 shares of the technology company’s stock, which are currently valued at $89,666,000 after the acquisition of an additional 1,933,150 shares during the period. These shares were purchased during the period. The value of Vanguard Group Inc.’s holdings in Nutanix increased by 5.0 percent over the first three months of 2018. Vanguard Group Inc. now owns a total of 23,344,292 shares of the technology company’s stock, which has a value of $626,094,000 following the purchase of an additional 1,116,856 shares during the most recent period. By making additional purchases of Nutanix shares during the third quarter, Solel Partners LP could increase the amount of money it had invested in its portfolio by approximately $22,163,000. During the third quarter, Marshall Wace LLP achieved a 146.9% increase in the proportion of Nutanix stock it owned. Following the acquisition of an additional 1,027,866 shares of the technology company’s stock during the period in question, Marshall Wace LLP now has a total holding of 1,727,700 shares of the company’s stock. The value of the stock holdings held by Marshall Wace LLP is $35,987,000. And finally, during the first three months of this year, Wellington Management Group LLP was able to amass a 6,627.1% increase in the number of Nutanix shares that were part of its portfolio. In the most recent period, the Wellington Management Group

Tags

Leave a comment

Your email address will not be published. Required fields are marked *