Research Analysts Set Expectations for Pivotal Software’s Q1 2021 Earnings (PVTL)
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.
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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