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

Cookson Peirce & Co. Inc. purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 209,231 shares of the technology company's stock, valued at approximately $9,978,000. Cookson Peirce & Co. Inc. owned 0.09% of Nutanix at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sonen Capital LLC boosted its stake in Nutanix by 1.8% during the 3rd quarter. Sonen Capital LLC now owns 18,118 shares of the technology company's stock worth $632,000 after acquiring an additional 324 shares during the last quarter. CWM LLC boosted its stake in Nutanix by 7.8% during the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company's stock worth $158,000 after acquiring an additional 328 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Nutanix by 5.3% during the 4th quarter. MetLife Investment Management LLC now owns 9,506 shares of the technology company's stock worth $248,000 after acquiring an additional 477 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Nutanix by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 100,887 shares of the technology company's stock worth $3,519,000 after acquiring an additional 510 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Nutanix by 3.2% during the 4th quarter. Wells Fargo & Company MN now owns 18,307 shares of the technology company's stock worth $477,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling

In related news, insider Tyler Wall sold 15,000 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the transaction, the insider now directly owns 13,168 shares in the company, valued at $819,708. The sale was disclosed in a filing with the SEC, which is available through this link. In other Nutanix news, 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 transaction, the director now directly owns 3,962 shares in the company, valued at $254,003.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tyler Wall sold 15,000 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the transaction, the insider now owns 13,168 shares in the company, valued at $819,708. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,506 shares of company stock worth $8,270,938. Insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on NTNX shares. Barclays lifted their price target on shares of Nutanix from $49.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 12th. Needham & Company LLC lifted their price target on shares of Nutanix from $62.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Bank of America lifted their price target on shares of Nutanix from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lifted their price target on shares of Nutanix from $68.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.17.

Nutanix Stock Performance

NTNX traded up $1.35 during trading on Tuesday, reaching $62.41. 1,735,498 shares of the stock were exchanged, compared to its average volume of 2,797,881. The stock has a market cap of $15.25 billion, a P/E ratio of -173.36 and a beta of 1.29. Nutanix, Inc. has a twelve month low of $23.34 and a twelve month high of $66.99. The stock's 50 day moving average price is $61.75 and its two-hundred day moving average price is $50.25.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. Equities research analysts predict that Nutanix, Inc. will post -0.05 earnings per share for the current fiscal year.

About Nutanix

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.