Pivotal Software (PVTL) – Analysts’ Weekly Ratings Updates

Pivotal Software (NASDAQ: PVTL) recently received a number of ratings updates from brokerages and research firms:

  • 6/25/2019 – Pivotal Software was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a $12.00 price target on the stock, down previously from $16.00.
  • 6/7/2019 – Pivotal Software was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pivotal Software Inc. provides platform-as-a-service solutions. The Company serves automotive, financial services, industrial, insurance, media, retail, technology and telecommunications sectors. Pivotal Software Inc. is based in San Francisco, United States. “
  • 6/5/2019 – Pivotal Software had its price target lowered by analysts at Morgan Stanley from $26.00 to $18.00. They now have an “overweight” rating on the stock.
  • 6/5/2019 – Pivotal Software had its price target lowered by analysts at KeyCorp from $27.00 to $21.00. They now have an “overweight” rating on the stock.
  • 6/5/2019 – Pivotal Software had its “outperform” rating reaffirmed by analysts at William Blair.
  • 6/5/2019 – Pivotal Software had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $20.00 price target on the stock, down previously from $25.00.
  • 6/5/2019 – Pivotal Software had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $20.00 price target on the stock, down previously from $25.00.
  • 6/5/2019 – Pivotal Software was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $15.00 price target on the stock, down previously from $26.00.
  • 6/5/2019 – Pivotal Software had its price target lowered by analysts at Barclays PLC from $21.00 to $15.00. They now have an “equal weight” rating on the stock.
  • 6/5/2019 – Pivotal Software had its price target lowered by analysts at Needham & Company LLC from $28.00 to $21.00. They now have a “buy” rating on the stock.
  • 5/16/2019 – Pivotal Software was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Pivotal Software Inc. provides platform-as-a-service solutions. The Company serves automotive, financial services, industrial, insurance, media, retail, technology and telecommunications sectors. Pivotal Software Inc. is based in San Francisco, United States. “

Pivotal Software stock opened at $10.89 on Wednesday. The business’s 50-day moving average price is $16.61. Pivotal Software has a fifty-two week low of $10.10 and a fifty-two week high of $29.15.

Pivotal Software (NASDAQ:PVTL) last released its quarterly earnings data on Tuesday, June 4th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $185.72 million for the quarter, compared to analyst estimates of $184.12 million. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) earnings per share.

In related news, SVP Andrew M. Cohen sold 4,240 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $11.27, for a total value of $47,784.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Andrew M. Cohen sold 12,900 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $20.82, for a total transaction of $268,578.00. The disclosure for this sale can be found here. Insiders have sold a total of 130,208 shares of company stock worth $2,303,716 over the last 90 days.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in Pivotal Software in the 1st quarter valued at about $30,000. BNP Paribas Arbitrage SA grew its stake in Pivotal Software by 195.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,585 shares of the company’s stock valued at $33,000 after buying an additional 1,049 shares during the last quarter. Advisor Group Inc. grew its stake in Pivotal Software by 267.9% in the 4th quarter. Advisor Group Inc. now owns 2,704 shares of the company’s stock valued at $44,000 after buying an additional 1,969 shares during the last quarter. Pearl River Capital LLC grew its stake in Pivotal Software by 406.8% in the 1st quarter. Pearl River Capital LLC now owns 3,776 shares of the company’s stock valued at $78,000 after buying an additional 3,031 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Pivotal Software in the 1st quarter valued at about $242,000.

Pivotal Software, Inc, together with its subsidiaries, provides an integrated solution that combines a cloud-native application platform and services in the United States. Its cloud-native platform, Pivotal Cloud Foundry (PCF), accelerates and streamlines software development by reducing the complexity of building, deploying, and operating modern applications.

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