Pivotal Software (NASDAQ:PVTL) has received a consensus rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.18.

A number of research analysts have recently issued reports on PVTL shares. Citigroup boosted their price target on shares of Pivotal Software from $22.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, September 7th. Zacks Investment Research lowered shares of Pivotal Software from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Morgan Stanley boosted their price target on shares of Pivotal Software from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. Finally, Barclays dropped their price target on shares of Pivotal Software to $22.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 13th.

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in Pivotal Software during the second quarter worth about $232,000. Jane Street Group LLC purchased a new stake in Pivotal Software during the second quarter worth about $252,000. CIBC World Markets Inc. purchased a new stake in Pivotal Software during the second quarter worth about $260,000. State of New Jersey Common Pension Fund D purchased a new stake in Pivotal Software during the second quarter worth about $273,000. Finally, California Public Employees Retirement System purchased a new stake in Pivotal Software during the second quarter worth about $341,000.

Shares of Pivotal Software stock traded down $0.35 on Monday, reaching $19.47. 879,300 shares of the stock were exchanged, compared to its average volume of 1,768,929. Pivotal Software has a 1-year low of $15.11 and a 1-year high of $31.24.

Pivotal Software (NASDAQ:PVTL) last issued its quarterly earnings results on Wednesday, September 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $164.40 million for the quarter, compared to analyst estimates of $158.12 million. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year.

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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