Nutanix $NTNX Stake Boosted by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. significantly increased its stake in Nutanix by 460.5%, owning 223,508 shares worth approximately $17.1 million after acquiring an additional 183,635 shares in Q2.
• Nutanix reported a 19.2% year-over-year increase in revenue, totaling $653.27 million for the quarter, beating analysts' expectations of $642.48 million.
• Currently, 85.25% of Nutanix's stock is owned by institutional investors, indicating strong market confidence in the company's future growth.

Assenagon Asset Management S.A. grew its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 460.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,508 shares of the technology company's stock after acquiring an additional 183,635 shares during the period. Assenagon Asset Management S.A. owned 0.08% of Nutanix worth $17,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. grew its stake in shares of Nutanix by 46.8% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock valued at $286,430,000 after buying an additional 1,308,357 shares in the last quarter. AQR Capital Management LLC increased its position in Nutanix by 65.5% during the first quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock worth $246,874,000 after buying an additional 1,426,049 shares during the last quarter. Federated Hermes Inc. increased its position in Nutanix by 21.2% during the first quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock worth $169,218,000 after buying an additional 423,249 shares during the last quarter. Northern Trust Corp increased its position in Nutanix by 19.6% during the first quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company's stock worth $124,175,000 after buying an additional 291,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Nutanix by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company's stock worth $102,424,000 after buying an additional 24,372 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NTNX opened at $75.38 on Tuesday. The company has a market capitalization of $20.21 billion, a P/E ratio of 117.78, a PEG ratio of 7.42 and a beta of 0.59. Nutanix has a one year low of $54.66 and a one year high of $83.36. The business's 50 day simple moving average is $72.66 and its 200-day simple moving average is $72.14.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. The company had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. Nutanix had a negative return on equity of 27.63% and a net margin of 7.42%.The business's revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Nutanix will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Rukmini Sivaraman sold 11,391 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the transaction, the chief financial officer directly owned 254,637 shares in the company, valued at approximately $19,948,262.58. This represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 1,925 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $75.00, for a total value of $144,375.00. Following the transaction, the chief executive officer directly owned 518,561 shares in the company, valued at approximately $38,892,075. This represents a 0.37% decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NTNX shares. Wall Street Zen downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. The Goldman Sachs Group began coverage on shares of Nutanix in a research note on Tuesday, July 15th. They issued a "buy" rating and a $95.00 target price on the stock. Barclays lowered their target price on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. Needham & Company LLC lowered their price target on Nutanix from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. Finally, Citigroup raised Nutanix to a "positive" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.07.

Nutanix Company Profile

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.

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