Pivotal Software (PVTL) Given Consensus Rating of “Buy” by Analysts

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Pivotal Software (NASDAQ:PVTL) has been given an average rating of “Buy” by the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $23.82.

PVTL has been the subject of several research reports. Needham & Company LLC initiated coverage on shares of Pivotal Software in a research report on Monday, October 22nd. They set a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research upgraded shares of Pivotal Software from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Saturday, December 15th. Royal Bank of Canada upgraded shares of Pivotal Software from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 20th. Finally, Wedbush initiated coverage on shares of Pivotal Software in a report on Thursday, October 18th. They issued an “outperform” rating and a $25.00 target price for the company.

NASDAQ:PVTL opened at $19.23 on Thursday. Pivotal Software has a twelve month low of $14.43 and a twelve month high of $31.24.

Pivotal Software (NASDAQ:PVTL) last posted its quarterly earnings data on Tuesday, December 11th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The business had revenue of $168.10 million for the quarter, compared to the consensus estimate of $164.11 million. The business’s revenue for the quarter was up 30.3% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in PVTL. Quantamental Technologies LLC acquired a new position in shares of Pivotal Software in the fourth quarter worth about $25,000. Advisor Group Inc. boosted its holdings in shares of Pivotal Software by 267.9% in the fourth quarter. Advisor Group Inc. now owns 2,704 shares of the company’s stock worth $44,000 after buying an additional 1,969 shares during the period. Virtu Financial LLC acquired a new stake in shares of Pivotal Software during the fourth quarter worth approximately $179,000. Paloma Partners Management Co acquired a new stake in shares of Pivotal Software during the third quarter worth approximately $200,000. Finally, Signition LP acquired a new stake in shares of Pivotal Software during the fourth quarter worth approximately $241,000.

About Pivotal Software

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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Analyst Recommendations for Pivotal Software (NASDAQ:PVTL)

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