Assenagon Asset Management S.A. Purchases 16,374 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Assenagon Asset Management S.A. increased its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 69.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,873 shares of the technology company's stock after purchasing an additional 16,374 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Nutanix were worth $2,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTNX. Norges Bank bought a new position in shares of Nutanix during the 4th quarter worth approximately $195,758,000. Pictet Asset Management Holding SA increased its position in shares of Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock valued at $130,885,000 after acquiring an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Nutanix during the fourth quarter worth $91,639,000. Contour Asset Management LLC bought a new stake in Nutanix during the fourth quarter worth $87,318,000. Finally, Raymond James Financial Inc. purchased a new position in Nutanix in the fourth quarter worth $86,824,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares of the company's stock, valued at $41,877,450. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Groen Max Pieter De sold 5,480,467 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the transaction, the director now owns 5,480,468 shares in the company, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,556,264 shares of company stock valued at $426,904,673 in the last three months. Company insiders own 6.80% of the company's stock.

Nutanix Price Performance

Shares of NTNX traded up $1.25 during midday trading on Tuesday, hitting $73.65. 3,527,091 shares of the company traded hands, compared to its average volume of 2,546,743. Nutanix, Inc. has a one year low of $43.35 and a one year high of $83.36. The firm has a market cap of $19.74 billion, a P/E ratio of -210.43, a PEG ratio of 11.80 and a beta of 0.69. The stock has a 50-day moving average of $72.39 and a 200-day moving average of $69.25.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NTNX shares. JPMorgan Chase & Co. raised their target price on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Oppenheimer lifted their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Needham & Company LLC restated a "buy" rating and set a $92.00 price target on shares of Nutanix in a research note on Thursday, May 29th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.38.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.