Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,257 shares of the technology company’s stock after selling 12,909 shares during the period. Peregrine Capital Management LLC owned approximately 0.05% of Nutanix worth $8,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NTNX. Bain Capital Investors LLC acquired a new stake in shares of Nutanix during the 3rd quarter valued at approximately $998,601,000. Two Sigma Advisers LP grew its stake in Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Nutanix by 5,473.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock valued at $29,325,000 after purchasing an additional 470,717 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Nutanix by 235.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock valued at $33,313,000 after acquiring an additional 382,232 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after purchasing an additional 374,328 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of Nutanix stock opened at $70.47 on Tuesday. The business has a 50-day simple moving average of $65.76 and a 200-day simple moving average of $62.78. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Raymond James dropped their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Needham & Company LLC raised their target price on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Northland Securities reiterated a “market perform” rating and set a $77.00 price target (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. UBS Group initiated coverage on Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company. Finally, StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,917 shares of company stock valued at $12,114,781. Insiders own 6.80% of the company’s stock.

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.