Nutanix $NTNX Stock: Assenagon Asset Management S.A. Cuts Position

Assenagon Asset Management S.A. reduced its position in Nutanix (NASDAQ:NTNX - Free Report) by 69.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997,547 shares of the technology company's stock after selling 2,264,684 shares during the period. Assenagon Asset Management S.A. owned approximately 0.37% of Nutanix worth $70,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Paralel Advisors LLC lifted its holdings in shares of Nutanix by 58.6% during the 2nd quarter. Paralel Advisors LLC now owns 60,770 shares of the technology company's stock valued at $3,097,000 after acquiring an additional 22,453 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Nutanix by 628.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company's stock valued at $45,046,000 after purchasing an additional 1,022,516 shares in the last quarter. WINTON GROUP Ltd increased its holdings in Nutanix by 381.3% in the 2nd quarter. WINTON GROUP Ltd now owns 135,180 shares of the technology company's stock valued at $6,889,000 after purchasing an additional 107,096 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Nutanix in the 2nd quarter valued at $3,976,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Nutanix in the 2nd quarter valued at $4,296,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NTNX shares. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Nutanix in a research report on Tuesday, August 25th. Zacks Research lowered Nutanix from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 31st. Oppenheimer raised their target price on Nutanix from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Wall Street Zen upgraded Nutanix from a "hold" rating to a "buy" rating in a report on Saturday, July 4th. Finally, Northland Securities set a $70.00 price target on Nutanix in a research report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.07.

Insider Buying and Selling at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 75,045 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $74.00, for a total transaction of $5,553,330.00. Following the transaction, the chief executive officer directly owned 414,339 shares of the company's stock, valued at $30,661,086. This represents a 15.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Teresa Sheppard sold 3,500 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $73.67, for a total transaction of $257,845.00. Following the transaction, the director directly owned 23,488 shares in the company, valued at $1,730,360.96. The trade was a 12.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 674,351 shares of company stock worth $49,736,524 over the last ninety days. 2.40% of the stock is currently owned by insiders.

Nutanix Price Performance

NASDAQ NTNX opened at $66.94 on Friday. The company has a 50 day simple moving average of $68.66 and a 200-day simple moving average of $55.45. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.80. Nutanix has a 52-week low of $34.01 and a 52-week high of $75.98. The firm has a market capitalization of $18.11 billion, a price-to-earnings ratio of 59.31, a price-to-earnings-growth ratio of 3.47 and a beta of 0.64.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.11. Nutanix had a net margin of 52.81% and a negative return on equity of 90.13%. The business had revenue of $757.08 million for the quarter, compared to the consensus estimate of $738.27 million. During the same period in the prior year, the business posted $0.37 earnings per share. Nutanix's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts predict that Nutanix will post 1.17 earnings per share for the current fiscal year.

Nutanix Profile

Nutanix, Inc develops enterprise cloud software that helps organizations manage applications and data across on-premises infrastructure, public clouds and hybrid multicloud environments. Its platform is designed to simplify the operation of data centers and cloud resources through a unified software experience.

The company's offerings include hyperconverged infrastructure software, the Nutanix Cloud Infrastructure platform and AHV virtualization. Nutanix also provides services for file and object storage, databases, disaster recovery, Kubernetes and application management, as well as tools that help customers monitor, secure and govern their hybrid and multicloud environments.

Founded in 2009 and headquartered in San Jose, California, Nutanix serves businesses, government organizations and other institutions globally through direct sales and channel partners.

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