Peregrine Capital Management LLC Has $11.52 Million Stock Holdings in Nutanix $NTNX

Peregrine Capital Management LLC raised its position in Nutanix (NASDAQ:NTNX) by 7.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 154,891 shares of the technology company’s stock after acquiring an additional 10,432 shares during the period. Peregrine Capital Management LLC owned about 0.06% of Nutanix worth $11,522,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Swedbank AB bought a new stake in shares of Nutanix in the 1st quarter valued at about $1,642,000. Silverberg Bernstein Capital Management LLC raised its stake in Nutanix by 61.6% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company’s stock valued at $2,897,000 after buying an additional 14,438 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in Nutanix by 67.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock valued at $2,218,000 after buying an additional 11,670 shares during the period. Norges Bank acquired a new stake in shares of Nutanix in the second quarter valued at approximately $263,938,000. Finally, Swiss National Bank boosted its stake in shares of Nutanix by 6.7% during the 2nd quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock worth $58,576,000 after acquiring an additional 48,400 shares during the period. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Down 0.3%

Shares of NTNX stock opened at $53.11 on Friday. The stock has a 50 day simple moving average of $55.59 and a 200 day simple moving average of $66.74. Nutanix has a 1 year low of $46.12 and a 1 year high of $83.36. The stock has a market cap of $14.36 billion, a P/E ratio of 70.81, a price-to-earnings-growth ratio of 5.66 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last released its earnings results on Tuesday, November 25th. The technology company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Nutanix had a negative return on equity of 32.95% and a net margin of 8.43%.The firm had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. Analysts forecast that Nutanix will post 0.31 EPS for the current year.

Analysts Set New Price Targets

NTNX has been the subject of several research reports. Barclays reaffirmed an “overweight” rating and set a $64.00 price target on shares of Nutanix in a report on Wednesday, November 26th. Needham & Company LLC reduced their target price on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. KeyCorp lowered their price target on shares of Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Northland Securities reduced their price objective on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, November 26th. Finally, Bank of America decreased their target price on Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and a consensus target price of $73.13.

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.