Assenagon Asset Management S.A. Has $10.23 Million Stock Position in Nutanix $NTNX

Key Points

• Assenagon Asset Management boosted its stake in Nutanix by 16.7% in Q4 to 197,909 shares worth $10.23M, and institutional investors now own about 85.25% of the company with large positions from Vanguard, AQR, Nordea and Norges Bank.
• Nutanix beat Q4 expectations, reporting $0.56 EPS versus $0.44 expected and revenue of $722.8M (up 10.4% year‑over‑year) with a net margin near 9.95%.
• Analysts hold a consensus Moderate Buy rating with an average price target of $62.43, even as several firms have recently trimmed targets and the stock trades around $37.61.

Assenagon Asset Management S.A. increased its holdings in shares of Nutanix (NASDAQ:NTNX - Free Report) by 16.7% in the fourth quarter, according to its most recent disclosure with the SEC. 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. owned 0.07% of Nutanix worth $10,230,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Nutanix by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company's stock worth $1,984,909,000 after purchasing an additional 1,167,193 shares in the last quarter. AQR Capital Management LLC raised its stake in Nutanix by 40.6% in 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 purchasing an additional 1,914,005 shares in the last quarter. Federated Hermes Inc. lifted its position in Nutanix by 10.7% during the third quarter. Federated Hermes Inc. now owns 3,559,876 shares of the technology company's stock worth $264,819,000 after purchasing an additional 344,076 shares during the period. Nordea Investment Management AB lifted its position in Nutanix by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company's stock worth $181,734,000 after purchasing an additional 653,042 shares during the period. Finally, Norges Bank acquired a new stake in Nutanix during the second quarter worth about $263,938,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. William Blair restated a "market perform" rating on shares of Nutanix in a research note on Monday, March 23rd. Piper Sandler dropped their price objective on shares of Nutanix from $72.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Morgan Stanley cut their target price on shares of Nutanix from $62.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 24th. Barclays lowered their price target on shares of Nutanix from $53.00 to $47.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Finally, Royal Bank Of Canada set a $55.00 price target on Nutanix in a research note on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.43.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $37.61 on Friday. The stock has a market capitalization of $9.97 billion, a PE ratio of 40.88, a P/E/G ratio of 4.22 and a beta of 0.49. Nutanix has a one year low of $35.39 and a one year high of $83.36. The business's fifty day moving average price is $40.35 and its 200-day moving average price is $54.71.

Nutanix (NASDAQ:NTNX - Get Free Report) last released 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. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. During the same period in the previous year, the business earned $0.47 EPS. The business's revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

About Nutanix

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.

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