Shares of Pivotal Software (NASDAQ:PVTL) have earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.33.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Bank of America restated an “underperform” rating and set a $1.25 price target (down previously from $4.50) on shares of Superior Energy Services in a research note on Tuesday, June 25th. Credit Suisse Group restated an “outperform” rating on shares of in a research note on Wednesday, June 5th. William Blair restated an “outperform” rating on shares of Pivotal Software in a research note on Wednesday, June 5th. Finally, Barclays restated an “overweight” rating and set a GBX 3,150 ($41.16) price target on shares of in a research note on Wednesday, June 5th.

PVTL stock traded down $0.29 during midday trading on Friday, reaching $10.09. 1,313,493 shares of the company’s stock traded hands, compared to its average volume of 2,193,773. The firm has a fifty day simple moving average of $11.66. Pivotal Software has a 52 week low of $9.89 and a 52 week high of $29.15.

Pivotal Software (NASDAQ:PVTL) last announced its quarterly earnings results on Tuesday, June 4th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $185.72 million for the quarter, compared to the consensus estimate of $184.12 million. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) EPS.

In other news, SVP Andrew M. Cohen sold 12,900 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $21.60, for a total value of $278,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Onsi Fakhouri sold 6,250 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $11.35, for a total transaction of $70,937.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,558 shares of company stock valued at $1,484,176.

Several hedge funds and other institutional investors have recently bought and sold shares of PVTL. FNY Investment Advisers LLC bought a new stake in shares of Pivotal Software in the 1st quarter worth $30,000. AdvisorNet Financial Inc bought a new position in Pivotal Software during the second quarter valued at about $32,000. BNP Paribas Arbitrage SA grew its position in Pivotal Software by 195.7% during the first 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 period. Advisor Group Inc. grew its position in Pivotal Software by 267.9% during the fourth 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 period. Finally, Pearl River Capital LLC grew its position in Pivotal Software by 406.8% during the first 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 period.

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 (NASDAQ:PVTL)

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