209,231 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new position in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 209,231 shares of the technology company’s stock, valued at approximately $9,978,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Nutanix by 1.6% during the 3rd quarter. FMR LLC now owns 35,942,093 shares of the technology company’s stock valued at $1,253,660,000 after acquiring an additional 578,189 shares during the last quarter. Vanguard Group Inc. increased its position in Nutanix by 5.0% in the first quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock worth $626,094,000 after purchasing an additional 1,116,856 shares during the last quarter. BlackRock Inc. increased its position in Nutanix by 1.2% in the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock worth $260,245,000 after purchasing an additional 117,982 shares during the last quarter. First Trust Advisors LP increased its position in Nutanix by 4.0% in the first quarter. First Trust Advisors LP now owns 6,266,714 shares of the technology company’s stock worth $162,872,000 after purchasing an additional 238,396 shares during the last quarter. Finally, State Street Corp increased its position in Nutanix by 6.1% in the first quarter. State Street Corp now owns 3,380,055 shares of the technology company’s stock worth $90,653,000 after purchasing an additional 195,522 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX stock traded up $1.03 on Tuesday, hitting $62.09. The stock had a trading volume of 972,923 shares, compared to its average volume of 2,787,137. The business has a 50 day moving average price of $61.63 and a 200 day moving average price of $50.05. Nutanix, Inc. has a one year low of $23.34 and a one year high of $66.99.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. As a group, equities research analysts forecast that Nutanix, Inc. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NTNX shares. JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Royal Bank of Canada lifted their price objective on shares of Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. JMP Securities lifted their price objective on shares of Nutanix from $50.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Monday, February 5th. Piper Sandler lifted their price objective on shares of Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, William Blair raised shares of Nutanix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $65.17.

Insider Buying and Selling at Nutanix

In related news, Director Steven J. Gomo sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the sale, the director now directly owns 3,962 shares in the company, valued at $254,003.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total value of $1,602,750.00. Following the completion of the sale, the director now owns 3,962 shares of the company’s stock, valued at $254,003.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is owned by company insiders.

Nutanix Profile

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.