Assenagon Asset Management S.A. Purchases 28,369 Shares of Nutanix $NTNX

Assenagon Asset Management S.A. lifted its position in shares of Nutanix (NASDAQ:NTNX) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,909 shares of the technology company’s stock after purchasing an additional 28,369 shares during the period. Assenagon Asset Management S.A.’s holdings in Nutanix were worth $10,230,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Nutanix by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock worth $1,984,909,000 after buying an additional 1,167,193 shares during the period. AQR Capital Management LLC increased its stake in shares of Nutanix by 40.6% during the third quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock valued at $492,928,000 after buying an additional 1,914,005 shares during the period. Federated Hermes Inc. raised its holdings in shares of Nutanix by 10.7% during the third quarter. Federated Hermes Inc. now owns 3,559,876 shares of the technology company’s stock valued at $264,819,000 after acquiring an additional 344,076 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Nutanix by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock valued at $181,734,000 after acquiring an additional 653,042 shares in the last quarter. Finally, Norges Bank purchased a new stake in Nutanix in the second quarter worth $263,938,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

NTNX has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Morgan Stanley dropped their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Bank of America reduced their price target on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC decreased their price target on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group lowered their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a report on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.43.

Nutanix Stock Performance

NASDAQ:NTNX opened at $37.61 on Friday. The firm has a market cap of $9.97 billion, a P/E ratio of 40.88, a P/E/G ratio of 4.22 and a beta of 0.49. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36. The firm has a 50-day simple moving average of $40.35 and a two-hundred day simple moving average of $54.71.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. The firm had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, equities research analysts predict that Nutanix will post 0.31 EPS for the current year.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.