Nutanix Inc. (NASDAQ: NTNX), a provider of enterprise software solutions, may be the subject of an acquisition, and the news has reawakened investor interest in the company’s shares.
NTNX stock continues to be a market leader in the IT industry. The business supplies software and hardware for managing corporate information infrastructure, storing and analyzing vast volumes of data, integrating services, and other tasks.
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Nutanix has recently restructured its business, shifting from selling hardware to offering software as a service. The company’s profitability has improved as a result of this movement. The company’s objective is to get 75 percent of its income through subscription software sales.
Many huge investors are interested in buying Nutanix Inc. (NTNX) because of its potential advancements, therefore rumors of a merger are common. This time, Bain Capital, a prominent investment firm, is on the list of possible purchasers.
It’s worth mentioning that Bain Capital has been a $750 million shareholder in Nutanix Inc. (NTNX) since 2020. However, no company has yet commented on the material that has surfaced, making it impossible to determine how accurate it is.
Earlier reports suggested that International Business Machines may be one of Nutanix’s purchasers, since the business may be interested in gaining a significant presence in the corporate software industry.
Information regarding a prospective purchase boosted Nutanix Inc. (NTNX) shares early this week, but by Tuesday, the stock had corrected and was valued at $20.95 at trading on May 24.
The stock had a trading volume of 2.63 million shares, which was lower than the average daily trading volume of 1.69 million shares for the previous 50 days. Nutanix Inc.’s stock has gained -5.07 percent in the previous five days but has lost -20.64 percent in the last month. Over the previous three months, the stock has lost -15.49 percent, and it has lost -32.35 percent this year.