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

Semanteon Capital Management LP bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 27,052 shares of the technology company’s stock, valued at approximately $1,290,000. Nutanix accounts for approximately 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its biggest holding.

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

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 23,932 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction 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 $23,519,163.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Rajiv Ramaswami sold 23,932 shares of Nutanix stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.05, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,506 shares of company stock worth $8,270,938. Insiders own 0.46% of the company’s stock.

Nutanix Stock Performance

NASDAQ NTNX remained flat at $60.89 on Thursday. 1,016,698 shares of the company traded hands, compared to its average volume of 2,720,129. Nutanix, Inc. has a 1-year low of $23.34 and a 1-year high of $66.99. The firm’s fifty day simple moving average is $62.12 and its 200 day simple moving average is $51.27. The company has a market cap of $14.88 billion, a P/E ratio of -169.14 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. On average, analysts expect that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler upped their target price on Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Needham & Company LLC lifted their target price on shares of Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. upped their target price on shares of Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. KeyCorp raised their price target on shares of Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.17.

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.