Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information for Common Stock
Our Class A common stock began trading publicly on the NASDAQ Stock Market under the ticker symbol "NTNX" on September 30, 2016. Prior to that time, there was no public market for our Class A common stock. The following table sets forth, for the periods indicated, the high and low sale prices of our Class A common stock as reported on the Nasdaq Global Select Market.
Fiscal 2024
Fiscal 2025
Fiscal Quarter:
High
Low
High
Low
First quarter
$
38.92
$
29.11
$
64.97
$
46.00
Second quarter
$
56.94
$
36.54
$
73.18
$
61.18
Third quarter
$
65.98
$
54.43
$
83.07
$
58.17
Fourth quarter
$
73.37
$
47.91
$
78.34
$
72.13
Holders of Record
As of July 31, 2025, there were 40 holders of record of our Class A common stock. This figure does not include a substantially greater number of "street name" holders or beneficial holders of our common stock whose shares are held of record by banks, brokers and other financial institutions.
Dividend Policy
We have never declared or paid cash dividends on our Class A common stock. We do not anticipate paying any dividends on our Class A common stock in the foreseeable future. Any future determination to declare dividends will be made at the discretion of our Board of Directors, subject to applicable laws and will depend on our financial condition, operating results, capital requirements, general business conditions and other factors that our Board of Directors may deem relevant.
Unregistered Sales of Equity Securities and Use of Proceeds
None.
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Purchases of Equity Securities by the Issuer
The following table summarizes the share repurchase activity for the three months ended July 31, 2025:
Period
Total Number of Shares Purchased
Average Price Paid Per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
(in thousands, except per share amounts)
May 1 - 31, 2025
241
$
77.11
241
$
142,805
June 1 - 30 2025
203
$
74.52
203
$
127,674
July 1 - 31, 2025
219
$
74.02
219
$
111,468
Total
663
663
(1) In August 2023, our Board of Directors authorized the repurchase of up to $350.0 million of our Class A common stock. In August 2025, our Board of Directors approved a $350.0 million increase to the share repurchase authorization. We may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act in accordance with applicable securities laws and other restrictions. The timing and amount of share repurchases will depend upon prevailing stock prices, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, and other factors. The authorization has no expiration date, may be modified, suspended or discontinued at any time, and does not obligate us to repurchase any minimum number of shares.
This table excludes shares withheld from stock awards to settle employee tax withholding obligations related to the vesting of such awards.
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Stock Performance Graph
The following graph shows a comparison from July 31, 2020 through July 31, 2025 of the cumulative five-year total shareholder return for our Class A common stock based on the closing price on the last day of each respective period. The graph assumes an initial investment of $100 on July 31, 2020 in the common stock of Nutanix, Inc., the NASDAQ Composite Index and NASDAQ Computer Index and assumes reinvestment of any dividends. The stock price performance on the following graph is not necessarily indicative of future stock price performance.
Fiscal Year
7/31/20
7/31/21
7/31/22
7/31/23
7/31/24
7/31/25
Nutanix, Inc.
$
100.00
$
162.33
$
68.18
$
136.10
$
227.63
$
338.76
Nasdaq Composite Index
$
100.00
$
137.53
$
116.97
$
136.63
$
168.91
$
204.14
Nasdaq Computer Index
$
100.00
$
144.07
$
121.66
$
154.42
$
203.90
$
252.98
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The information on the above graph shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act, and shall not be incorporated by reference into any registration statement or other document filed by us with the SEC, whether made before or after the date of this Annual Report on Form 10-K, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.
Securities Authorized for Issuance Under Equity Compensation Plans
The information required by this item is incorporated herein by reference to the information set forth in Part III, Item 12 of this Annual Report on Form 10-K.
Item 6. [Reserved]
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NUTANIX, INC.
Management's Discussion and Analysis of Financial Condition and Results of Operations