Tanaka Capital Management Inc. Acquires 4,635 Shares of NICE Ltd. (NASDAQ:NICE)

Tanaka Capital Management Inc. boosted its holdings in NICE Ltd. (NASDAQ:NICE) by 2,663.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,809 shares of the technology company’s stock after purchasing an additional 4,635 shares during the quarter. NICE comprises 1.9% of Tanaka Capital Management Inc.’s holdings, making the stock its 14th largest holding. Tanaka Capital Management Inc.’s holdings in NICE were worth $835,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NICE. Cetera Advisors LLC bought a new stake in NICE in the first quarter valued at $238,000. CWM LLC raised its stake in NICE by 19.9% during the 2nd quarter. CWM LLC now owns 724 shares of the technology company’s stock worth $125,000 after buying an additional 120 shares during the period. QRG Capital Management Inc. boosted its holdings in NICE by 64.9% in the second quarter. QRG Capital Management Inc. now owns 5,146 shares of the technology company’s stock worth $885,000 after acquiring an additional 2,026 shares in the last quarter. SG Americas Securities LLC acquired a new stake in NICE in the second quarter valued at approximately $538,000. Finally, Diversified Trust Co raised its position in shares of NICE by 237.9% during the second quarter. Diversified Trust Co now owns 6,478 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 4,561 shares during the period. 63.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NICE has been the subject of several research reports. Northland Securities reduced their price target on shares of NICE from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price objective on shares of NICE in a research note on Friday, August 16th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of NICE in a research report on Tuesday, August 13th. Citigroup raised their price target on shares of NICE from $330.00 to $334.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, DA Davidson cut their price target on NICE from $300.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, NICE has an average rating of “Moderate Buy” and an average target price of $260.57.

NICE Trading Down 0.4 %

Shares of NICE stock opened at $189.81 on Monday. The business’s fifty day simple moving average is $177.65 and its 200 day simple moving average is $174.14. NICE Ltd. has a 12 month low of $151.52 and a 12 month high of $270.73. The firm has a market capitalization of $11.93 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05.

NICE Company Profile

NICE Ltd., together with its subsidiaries, provides cloud platforms for AI-driven digital business solutions worldwide. It offers CXone, a cloud native open platform; Enlighten, an AI engine for the customer engagement market; and smart self service enable organizations to address consumers' needs; and journey orchestration solutions that empower organizations to connect and route customers to deal with the customer's request, and connects them using real time AI-based routing.