Pivotal Software (NYSE:PVTL) has been assigned a consensus rating of “Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.50.

Several equities analysts recently commented on PVTL shares. Zacks Investment Research raised shares of Pivotal Software from a “sell” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, August 6th. KeyCorp reduced their target price on shares of Pivotal Software from $27.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, June 5th. William Blair reissued an “outperform” rating on shares of Pivotal Software in a report on Wednesday, June 5th. Bank of America lowered shares of Pivotal Software from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $16.00 to $12.00 in a report on Tuesday, June 25th. Finally, Morgan Stanley cut their price target on shares of Pivotal Software from $26.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, June 5th.

In other Pivotal Software news, SVP Onsi Fakhouri sold 6,250 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $11.35, for a total value of $70,937.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Andrew M. Cohen sold 4,240 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $11.27, for a total transaction of $47,784.80. The disclosure for this sale can be found here. In the last three months, insiders sold 50,658 shares of company stock worth $572,236. Insiders own 64.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in shares of Pivotal Software in the 1st quarter worth about $30,000. BNP Paribas Arbitrage SA lifted its position in shares of Pivotal Software by 195.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,585 shares of the company’s stock worth $33,000 after purchasing an additional 1,049 shares during the period. Advisor Group Inc. lifted its position in shares of Pivotal Software by 267.9% in the 4th quarter. Advisor Group Inc. now owns 2,704 shares of the company’s stock worth $44,000 after purchasing an additional 1,969 shares during the period. AdvisorNet Financial Inc purchased a new stake in shares of Pivotal Software in the 2nd quarter worth about $32,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Pivotal Software in the 2nd quarter worth about $34,000. 26.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of PVTL stock traded up $5.70 on Thursday, hitting $14.00. 31,212,877 shares of the company’s stock traded hands, compared to its average volume of 2,366,204. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.29 and a current ratio of 2.29. Pivotal Software has a one year low of $8.03 and a one year high of $29.15. The company’s fifty day simple moving average is $9.96 and its 200 day simple moving average is $16.79. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -22.22 and a beta of -0.02.

Pivotal Software (NYSE:PVTL) last released its earnings results on Tuesday, June 4th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Pivotal Software had a negative net margin of 20.53% and a negative return on equity of 10.67%. The company had revenue of $185.72 million for the quarter, compared to analyst estimates of $184.12 million. During the same quarter last year, the firm earned ($0.10) EPS. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pivotal Software will post -0.15 earnings per share for the current fiscal 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 (NYSE:PVTL)

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