Assenagon Asset Management S.A. Sells 257,328 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Assenagon Asset Management S.A. lowered its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 62.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,798 shares of the technology company's stock after selling 257,328 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.06% of Nutanix worth $9,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB grew its stake in Nutanix by 387.1% during the first quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company's stock valued at $162,229,000 after acquiring an additional 2,076,377 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Nutanix by 29.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company's stock worth $269,024,000 after buying an additional 985,421 shares in the last quarter. Driehaus Capital Management LLC raised its position in shares of Nutanix by 123.9% in the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company's stock worth $81,593,000 after buying an additional 794,215 shares in the last quarter. Marshall Wace LLP boosted its stake in Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after buying an additional 477,838 shares during the period. Finally, Jericho Capital Asset Management L.P. grew its position in Nutanix by 13.1% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company's stock worth $246,196,000 after buying an additional 462,000 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NTNX shares. Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Needham & Company LLC reissued a "buy" rating and issued a $80.00 price target on shares of Nutanix in a research note on Thursday, August 29th. Morgan Stanley upgraded shares of Nutanix from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $71.00 to $72.00 in a research report on Monday. Raymond James raised their price target on Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Finally, Barclays upped their price objective on Nutanix from $71.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and a consensus price target of $73.38.

Nutanix Stock Performance

Shares of Nutanix stock traded up $2.53 during trading on Monday, reaching $64.12. 2,522,964 shares of the stock were exchanged, compared to its average volume of 2,535,007. Nutanix, Inc. has a 1 year low of $34.80 and a 1 year high of $73.69. The stock's fifty day moving average is $59.91 and its 200 day moving average is $58.43.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The firm had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. Sell-side analysts expect that Nutanix, Inc. will post 0.27 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO David Sangster sold 11,950 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.