Company name Nutanix, Inc.
Stock symbol NTNX
Class period March 2, 2018 – February 28, 2019
Court Northern District of California

NEW YORK, April 1, 2019 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Nutanix, Inc. (NASDAQ: NTNX) securities between March 2, 2018 and February 28, 2019 (NASDAQ: NTNX) securities between March 2, 2018 and February 28, 2019 (the “Class Period”).  Investors have until May 28, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The complaint alleges that beginning on March 2, 2018, Nutanix and its senior executives made repeated statements that Nutanix was investing heavily in growth while maintaining high profit margins.  On February 28, 2019, Nutanix announced its second quarter fiscal 2019 results and reported third quarter guidance that was below analysts’ expectations.  Management acknowledged that “inadequate marketing spend for pipeline generation and slower than expected sales hiring” were the reasons for the weak guidance.

On this news, Nutanix’s stock price fell by more than 30%, closing at $33.70 on March 1, 2019.  The complaint further alleges that Nutanix senior officers, including its Chief Revenue Officer, took advantage of these false statements by selling Nutanix common stock at inflated prices.

If you purchased Nutanix securities during the Class Period or continue to hold shares purchased before the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below.  There is no cost or obligation to you.

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The submission of this form does not create an attorney-client relationship, nor any obligation on the part of Bragar Eagel & Squire, P.C., or you to file a legal action. Any information you submit will be maintained as confidential. If Bragar Eagel & Squire, P.C., in its sole discretion, believes that you might be an appropriate class representative, Bragar Eagel & Squire, P.C., will contact you to discuss the matter and to determine whether to establish an attorney client relationship.