Nutanix Inc

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Case Summary
Company Name: Nutanix Inc
Stock Symbol : NASDAQ: NTNX
Class Period Start: 03/02/2018
Class Period End: 03/28/2019
Lead Plaintiff motion: 05/28/2019
Date Filed: 03/29/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the May 28, 2019 lead plaintiff deadline in a class action lawsuit filed against Nutanix Inc (NASDAQ: NTNX) (“Nutanix” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Nutanix Inc securities between March 2, 2018 and February 28, 2019, have until May 28, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Nutanix Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Nutanix had reallocated lead generation spending to other priorities, which represented a significant strategy shift from how the Company had historically conducted its sales efforts; Nutanix’s decision to reallocate lead generation spending had caused a large disruption in the Company’s sales execution, thereby negatively impacting Nutanix’s sales pipeline and slowing the Company’s sales growth; Nutanix had fallen behind in its sales hiring goals, which was further impairing the Company’s efforts to grow its sales pipeline development; the improvement in the Company’s gross margins was not the result of the changes being made to the Company’s business model, including the shift from hardware to software and the change from licensing to subscription platforms, but rather was the result of the Company’s decision to reallocate lead generation spending; and as a result, Nutanix’s public statements were materially false and misleading at all relevant times.

On February 28, 2019, the Company revealed its second quarter fiscal 2019 results and reported third quarter guidance that was below analysts' expectations. According to the Company "inadequate marketing spend for pipeline generation and slower than expected sales hiring" were the reasons for the weak guidance.

Following this news, NASDAQ: NTNX fell from $50.09 per share on February 28, 2019 to a closing price of $33.70 on March 1, 2019.

If you were negatively impacted by your investment in Nutanix Inc securities between March 2, 2018 and February 28, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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