Pivotal Software (NASDAQ:PVTL) – Stock analysts at William Blair issued their Q1 2021 EPS estimates for Pivotal Software in a research report issued to clients and investors on Friday, March 15th. William Blair analyst B. Suri expects that the company will post earnings of ($0.01) per share for the quarter. William Blair also issued estimates for Pivotal Software’s Q2 2021 earnings at $0.01 EPS, Q3 2021 earnings at $0.03 EPS, Q4 2021 earnings at $0.03 EPS and FY2021 earnings at $0.06 EPS.

Pivotal Software (NASDAQ:PVTL) last released its earnings results on Thursday, March 14th. The company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.05). The business had revenue of $169.20 million for the quarter, compared to analyst estimates of $170.21 million. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year.

A number of other research analysts have also weighed in on PVTL. Wedbush raised their target price on shares of Pivotal Software from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Zacks Investment Research raised shares of Pivotal Software from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Saturday. Barclays decreased their target price on shares of Pivotal Software from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, March 15th. Bank of America reissued a “neutral” rating and issued a $25.00 target price (up from $22.00) on shares of Pivotal Software in a research note on Friday, March 15th. Finally, Morgan Stanley raised their target price on shares of Pivotal Software from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Pivotal Software currently has a consensus rating of “Buy” and a consensus target price of $24.00.

PVTL opened at $19.97 on Monday. Pivotal Software has a 1-year low of $14.43 and a 1-year high of $31.24.

In other news, President William Cook sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Edward Hieatt sold 44,791 shares of Pivotal Software stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $20.01, for a total transaction of $896,267.91. The disclosure for this sale can be found here. Insiders have sold a total of 169,949 shares of company stock valued at $3,549,191 in the last 90 days.

Institutional investors have recently bought and sold shares of the stock. Vantis Investment Advisers L.P. acquired a new stake in Pivotal Software in the 3rd quarter valued at approximately $6,254,000. Man Group plc acquired a new stake in Pivotal Software in the 3rd quarter valued at approximately $3,181,000. Maplelane Capital LLC acquired a new stake in Pivotal Software in the 4th quarter valued at approximately $8,175,000. Steadfast Capital Management LP increased its holdings in Pivotal Software by 20.0% in the 3rd quarter. Steadfast Capital Management LP now owns 2,757,450 shares of the company’s stock valued at $53,991,000 after purchasing an additional 458,766 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Pivotal Software by 10.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 33,005 shares of the company’s stock valued at $646,000 after purchasing an additional 3,088 shares during the last quarter.

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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Earnings History and Estimates for Pivotal Software (NASDAQ:PVTL)

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