Nutanix has announced that its Board of Directors has authorized an increase of $750 million of common stock to the company’s existing share repurchase program. Including approximately $29 million currently remaining under the prior authorization, the total repurchase authorization stands at approximately $779 million.
“This authorization reflects our confidence in Nutanix’s long‑term strategy and financial strength. Our strong balance sheet gives us the flexibility to continue investing in innovation and growth while returning capital to shareholders in a disciplined manner,” said Rukmini Sivaraman, CFO of Nutanix.
Nutanix 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 Securities Exchange Act of 1934, as amended, 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 and may be modified, suspended or discontinued at any time and does not obligate Nutanix to repurchase any minimum number of shares. No assurance can be given that any particular amount of shares will be repurchased.
