Nutanix $NTNX Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Nutanix stake by 1,535.2% in the second quarter, acquiring 3.06 million additional shares and bringing its holdings to 3.26 million shares worth approximately $166.2 million.
• Institutional investors own 85.25% of Nutanix. The company recently reported quarterly EPS of $0.47, exceeding estimates of $0.35, while revenue rose 10% year over year to $703.07 million.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $60.00; Nutanix shares opened at $60.12, despite being down 1.4%.

Assenagon Asset Management S.A. lifted its stake in Nutanix (NASDAQ:NTNX - Free Report) by 1,535.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,262,231 shares of the technology company's stock after acquiring an additional 3,062,730 shares during the quarter. Assenagon Asset Management S.A. owned 1.21% of Nutanix worth $166,243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. CoreCap Advisors LLC raised its position in Nutanix by 28.6% in the second quarter. CoreCap Advisors LLC now owns 900 shares of the technology company's stock valued at $46,000 after purchasing an additional 200 shares during the period. Utah Retirement Systems boosted its position in shares of Nutanix by 0.6% during the fourth quarter. Utah Retirement Systems now owns 42,355 shares of the technology company's stock worth $2,189,000 after buying an additional 257 shares during the period. International Assets Investment Management LLC boosted its position in shares of Nutanix by 5.8% during the first quarter. International Assets Investment Management LLC now owns 4,700 shares of the technology company's stock worth $179,000 after buying an additional 259 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Nutanix by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company's stock worth $4,868,000 after buying an additional 260 shares during the period. Finally, CX Institutional grew its stake in shares of Nutanix by 134.6% in the second quarter. CX Institutional now owns 488 shares of the technology company's stock valued at $25,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Down 1.4%

NASDAQ:NTNX opened at $60.12 on Friday. The company has a fifty day simple moving average of $53.25 and a two-hundred day simple moving average of $45.44. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 63.28, a price-to-earnings-growth ratio of 4.04 and a beta of 0.60. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.12. The business had revenue of $703.07 million for the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, analysts expect that Nutanix will post 0.71 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NTNX shares. Needham & Company LLC boosted their price objective on Nutanix from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Rosenblatt Securities restated a "buy" rating and set a $60.00 target price on shares of Nutanix in a report on Friday, May 29th. Weiss Ratings restated a "hold (c)" rating on shares of Nutanix in a report on Wednesday, June 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nutanix in a research report on Thursday, May 28th. Finally, KeyCorp reiterated an "overweight" rating on shares of Nutanix in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

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.

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