Assenagon Asset Management S.A. Grows Position in Nutanix $NTNX

Assenagon Asset Management S.A. raised its position in Nutanix (NASDAQ:NTNX) by 1,535.2% in the second quarter, Holdings Channel reports. The fund owned 3,262,231 shares of the technology company’s stock after buying an additional 3,062,730 shares during the period. Assenagon Asset Management S.A.’s holdings in Nutanix were worth $166,243,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Nutanix by 27.0% in the 2nd quarter. GAMMA Investing LLC now owns 10,060 shares of the technology company’s stock valued at $513,000 after purchasing an additional 2,140 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in Nutanix in the second quarter valued at $59,000. Moody National Bank Trust Division purchased a new stake in Nutanix during the 2nd quarter worth about $290,000. CoreCap Advisors LLC boosted its position in shares of Nutanix by 28.6% during the 2nd quarter. CoreCap Advisors LLC now owns 900 shares of the technology company’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Nutanix by 190.9% during the 2nd quarter. Versant Capital Management Inc now owns 1,059 shares of the technology company’s stock worth $54,000 after acquiring an additional 695 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NTNX. Wells Fargo & Company increased their target price on shares of Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Morgan Stanley boosted their target price on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Northland Securities set a $47.00 price target on Nutanix in a research note on Thursday, May 28th. Bank of America increased their price target on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Nutanix Stock Down 1.4%

Shares of NASDAQ:NTNX opened at $60.12 on Friday. The company has a market cap of $16.25 billion, a P/E ratio of 63.28, a PEG 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. The company has a 50-day moving average price of $53.25 and a 200 day moving average price of $45.44.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company had revenue of $703.07 million for the quarter, compared to analyst estimates of $686.34 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts expect that Nutanix will post 0.71 EPS for the current year.

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.