Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. grew its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 105.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,383 shares of the technology company’s stock after purchasing an additional 32,540 shares during the period. Nutanix makes up about 1.4% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 21st largest position. Peregrine Asset Advisers Inc.’s holdings in Nutanix were worth $3,878,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at $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. In the last 90 days, insiders have sold 177,917 shares of company stock valued at $12,114,781. Insiders own 6.80% of the company’s stock.

Nutanix Stock Down 3.3 %

Shares of NTNX stock opened at $69.74 on Friday. The company has a market cap of $18.69 billion, a P/E ratio of -199.26, a PEG ratio of 11.80 and a beta of 1.17. The business has a 50 day moving average of $66.24 and a two-hundred day moving average of $63.23. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NTNX shares. Northland Securities restated a “market perform” rating and set a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Barclays increased their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, UBS Group initiated coverage on shares of Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.