Peregrine Capital Management LLC Has $8.64 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Peregrine Capital Management LLC decreased its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 141,257 shares of the technology company's stock after selling 12,909 shares during the quarter. Peregrine Capital Management LLC owned 0.05% of Nutanix worth $8,642,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NTNX. Bain Capital Investors LLC acquired a new position in Nutanix during the 3rd quarter worth about $998,601,000. Two Sigma Advisers LP lifted its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after buying an additional 695,567 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Nutanix by 5,473.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock worth $29,325,000 after buying an additional 470,717 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in Nutanix by 235.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company's stock worth $33,313,000 after buying an additional 382,232 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after buying an additional 374,328 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 649,034 shares of the company's stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares of the company's stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,917 shares of company stock worth $12,114,781 in the last ninety days. Company insiders own 6.80% of the company's stock.

Nutanix Trading Down 3.3 %

Shares of NASDAQ:NTNX traded down $2.35 during mid-day trading on Friday, reaching $69.74. The stock had a trading volume of 1,687,100 shares, compared to its average volume of 1,807,464. The firm has a market cap of $18.69 billion, a PE ratio of -199.26, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. The firm has a 50 day simple moving average of $66.24 and a two-hundred day simple moving average of $63.23. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NTNX shares. Piper Sandler upped their price target on shares of Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday. UBS Group assumed coverage on shares of Nutanix in a research report on Thursday, December 12th. They set a "buy" rating and a $81.00 target price on the stock. Finally, Needham & Company LLC upped their target price on shares of Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.50.

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.