Cookson Peirce & Co. Inc. Makes New Investment in Nutanix $NTNX

Key Points

• Cookson Peirce & Co. Inc. acquired a new position in Nutanix, purchasing 11,073 shares valued at approximately $846,000 in Q2.
• Several hedge funds have increased their stakes in Nutanix, with Jericho Capital growing its position by 46.8% and AQR Capital Management by 65.5% in the first quarter.
• Nutanix's stock has received varying ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $87.67 despite recent price target reductions from multiple firms.

Cookson Peirce & Co. Inc. bought a new position in Nutanix (NASDAQ:NTNX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,073 shares of the technology company's stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jericho Capital Asset Management L.P. grew its stake in Nutanix by 46.8% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 4,102,993 shares of the technology company's stock worth $286,430,000 after acquiring an additional 1,308,357 shares during the period. AQR Capital Management LLC grew its stake in shares of Nutanix by 65.5% during the 1st quarter. AQR Capital Management LLC now owns 3,604,005 shares of the technology company's stock valued at $246,874,000 after buying an additional 1,426,049 shares during the period. Nordea Investment Management AB grew its stake in shares of Nutanix by 10.0% during the 2nd quarter. Nordea Investment Management AB now owns 2,924,167 shares of the technology company's stock valued at $224,868,000 after buying an additional 266,512 shares during the period. Federated Hermes Inc. grew its stake in shares of Nutanix by 21.2% during the 1st quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock valued at $169,218,000 after buying an additional 423,249 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Nutanix by 19.6% during the 1st quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company's stock valued at $124,175,000 after buying an additional 291,188 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTNX has been the subject of several research reports. Barclays lowered their price objective on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating for the company in a research note on Thursday, August 28th. Northland Capmk cut shares of Nutanix from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 9th. Bank of America lowered their price objective on shares of Nutanix from $95.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, August 28th. Wells Fargo & Company lowered their price objective on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating for the company in a research note on Thursday, August 28th. Finally, Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $87.67.

Nutanix Price Performance

Shares of NTNX stock opened at $68.80 on Thursday. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The firm has a market capitalization of $18.49 billion, a P/E ratio of 107.50, a P/E/G ratio of 6.65 and a beta of 0.51. The company's fifty day moving average price is $71.91 and its two-hundred day moving average price is $72.44.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. Nutanix had a net margin of 7.42% and a negative return on equity of 28.01%. The firm had revenue of $653.27 million for the quarter, compared to analyst estimates of $642.48 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm's revenue was up 19.2% compared to the same quarter last year. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 144,707 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total value of $11,058,508.94. Following the transaction, the chief executive officer owned 524,608 shares in the company, valued at $40,090,543.36. The trade was a 21.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 11,391 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $78.34, for a total transaction of $892,370.94. Following the completion of the transaction, the chief financial officer owned 254,637 shares in the company, valued at $19,948,262.58. This represents a 4.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,598 shares of company stock worth $12,218,560 in the last quarter. 6.80% of the stock is owned by corporate insiders.

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.

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