Pivotal Software (NYSE:PVTL) has been assigned an average rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.89.

Several equities research analysts recently commented on the company. Needham & Company LLC downgraded Pivotal Software from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Citigroup lifted their price objective on Pivotal Software from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Zacks Investment Research upgraded Pivotal Software from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, November 14th. William Blair downgraded Pivotal Software from an “outperform” rating to a “market perform” rating in a report on Friday, August 23rd. Finally, Wedbush reiterated a “neutral” rating and issued a $15.00 price objective on shares of Pivotal Software in a report on Thursday, August 15th.

NYSE PVTL traded down $0.01 during trading hours on Friday, hitting $15.01. The company’s stock had a trading volume of 23,117 shares, compared to its average volume of 1,046,169. Pivotal Software has a 12 month low of $8.03 and a 12 month high of $24.39. The company’s 50 day simple moving average is $14.95 and its two-hundred day simple moving average is $14.24. The company has a market cap of $4.13 billion, a P/E ratio of -23.83 and a beta of -0.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.42 and a quick ratio of 2.42.

Pivotal Software (NYSE:PVTL) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. Pivotal Software had a negative return on equity of 9.92% and a negative net margin of 18.66%. The company had revenue of $193.00 million during the quarter, compared to the consensus estimate of $186.50 million. During the same period last year, the company earned ($0.06) EPS. Pivotal Software’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, research analysts predict that Pivotal Software will post -0.45 earnings per share for the current fiscal year.

In other Pivotal Software news, President William Cook sold 12,392 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $14.87, for a total transaction of $184,269.04. Also, SVP Scott Yara sold 6,196 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $14.87, for a total value of $92,134.52. Over the last 90 days, insiders have sold 45,491 shares of company stock valued at $676,245. Corporate insiders own 64.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Primecap Management Co. CA bought a new position in shares of Pivotal Software during the 2nd quarter valued at approximately $6,039,000. AdvisorNet Financial Inc bought a new position in shares of Pivotal Software during the 2nd quarter valued at approximately $32,000. Gabelli Funds LLC bought a new position in shares of Pivotal Software during the 3rd quarter valued at approximately $25,626,000. Menta Capital LLC bought a new position in shares of Pivotal Software during the 2nd quarter valued at approximately $136,000. Finally, First Trust Advisors LP bought a new position in shares of Pivotal Software during the 2nd quarter valued at approximately $29,077,000. Institutional investors and hedge funds own 26.04% of the company’s stock.

Pivotal Software Company Profile

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 (NYSE:PVTL)

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