Semanteon Capital Management LP Invests $1.29 Million in Nutanix, Inc. (NASDAQ:NTNX)

Semanteon Capital Management LP acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,052 shares of the technology company’s stock, valued at approximately $1,290,000. Nutanix comprises approximately 0.9% of Semanteon Capital Management LP’s portfolio, making the stock its largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Nutanix during the fourth quarter valued at about $30,000. BluePath Capital Management LLC acquired a new stake in Nutanix during the 3rd quarter worth approximately $31,000. Harvest Fund Management Co. Ltd bought a new stake in Nutanix during the 4th quarter worth approximately $40,000. Fifth Third Bancorp acquired a new position in Nutanix in the 4th quarter valued at approximately $62,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Nutanix during the third quarter valued at $107,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NTNX shares. Morgan Stanley boosted their price objective on shares of Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. Susquehanna increased their price target on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Piper Sandler lifted their price objective on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Finally, Royal Bank of Canada boosted their price target on shares of Nutanix from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report 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 stock. According to MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and a consensus price target of $65.17.

Nutanix Price Performance

Shares of NTNX remained flat at $60.89 on Thursday. 1,016,698 shares of the company were exchanged, compared to its average volume of 2,720,129. Nutanix, Inc. has a 12 month low of $23.34 and a 12 month high of $66.99. The firm has a market cap of $14.88 billion, a PE ratio of -169.14 and a beta of 1.29. The company has a fifty day moving average of $62.12 and a two-hundred day moving average of $51.27.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. Equities research analysts forecast that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 23,932 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $63.05, for a total value of $1,508,912.60. Following the completion of the sale, the chief executive officer now owns 373,024 shares in the company, valued at approximately $23,519,163.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Rajiv Ramaswami sold 23,932 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.05, for a total value of $1,508,912.60. Following the completion of the transaction, the chief executive officer now directly owns 373,024 shares of the company’s stock, valued at $23,519,163.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix 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 sale, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,506 shares of company stock worth $8,270,938. Corporate insiders own 0.46% of the company’s stock.

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.