Peregrine Asset Advisers Inc. Buys Shares of 30,843 Nutanix, Inc. (NASDAQ:NTNX)

Peregrine Asset Advisers Inc. purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,843 shares of the technology company's stock, valued at approximately $1,827,000.

Several other large investors have also recently modified their holdings of NTNX. GAMMA Investing LLC raised its holdings in Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock valued at $53,000 after acquiring an additional 243 shares during the period. Paragon Capital Management Inc. lifted its stake in Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company's stock worth $1,545,000 after purchasing an additional 258 shares during the last quarter. Signaturefd LLC boosted its holdings in Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after acquiring an additional 350 shares during the period. Daiwa Securities Group Inc. grew its position in Nutanix by 9.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company's stock valued at $256,000 after acquiring an additional 370 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in shares of Nutanix by 3.6% during the second quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company's stock worth $615,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other news, COO David Sangster sold 11,950 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the sale, the chief operating officer now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO David Sangster sold 11,950 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares of the company's stock, valued at $7,411,022.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm'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 transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Nutanix Price Performance

Shares of NTNX traded up $1.01 during midday trading on Monday, reaching $71.31. The stock had a trading volume of 639,592 shares, compared to its average volume of 2,495,536. The company has a market cap of $18.91 billion, a price-to-earnings ratio of -135.19, a PEG ratio of 14.25 and a beta of 1.17. The company's fifty day simple moving average is $61.98 and its two-hundred day simple moving average is $58.72. Nutanix, Inc. has a 1-year low of $38.43 and a 1-year high of $73.69.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Raymond James increased their target price on shares of Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Northland Securities upped their price objective on shares of Nutanix from $71.00 to $74.00 and gave the stock a "market perform" rating in a research report on Friday, August 30th. Bank of America boosted their price target on Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Piper Sandler raised their target price on shares of Nutanix from $76.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Finally, Morgan Stanley raised Nutanix from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $71.00 to $72.00 in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Nutanix has an average rating of "Moderate Buy" and a consensus target price of $73.38.

About Nutanix

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.