Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in Nutanix, Inc. (NASDAQ:NTNX) by 84.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,499 shares of the technology company’s stock after selling 132,299 shares during the period. Assenagon Asset Management S.A.’s holdings in Nutanix were worth $1,438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Accurate Wealth Management LLC grew its holdings in Nutanix by 41.8% in the 4th quarter. Accurate Wealth Management LLC now owns 18,562 shares of the technology company’s stock valued at $1,155,000 after buying an additional 5,473 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of Nutanix by 2.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 13,432 shares of the technology company’s stock worth $822,000 after acquiring an additional 384 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Nutanix by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,257 shares of the technology company’s stock valued at $1,259,000 after purchasing an additional 329 shares during the period. Doliver Advisors LP increased its position in Nutanix by 17.9% during the fourth quarter. Doliver Advisors LP now owns 6,820 shares of the technology company’s stock worth $417,000 after purchasing an additional 1,033 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its stake in Nutanix by 30.7% during the fourth quarter. CWA Asset Management Group LLC now owns 23,283 shares of the technology company’s stock worth $1,424,000 after purchasing an additional 5,475 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now owns 190,882 shares of the company’s stock, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,065 shares of company stock worth $5,405,141. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on NTNX. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 17th. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. UBS Group began coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Barclays raised their target price on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average price target of $78.87.

Nutanix Price Performance

Shares of NTNX opened at $65.12 on Friday. The stock has a market capitalization of $17.45 billion, a P/E ratio of -186.06, a P/E/G ratio of 10.71 and a beta of 1.16. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The firm’s 50 day moving average is $65.73 and its 200-day moving average is $60.66.

Nutanix 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.