Pivotal Software (NASDAQ:PVTL) SVP Andrew M. Cohen sold 25,800 shares of Pivotal Software stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $20.02, for a total transaction of $516,516.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PVTL stock traded down $1.11 during mid-day trading on Friday, reaching $19.31. The company had a trading volume of 1,079,320 shares, compared to its average volume of 1,790,183. Pivotal Software has a one year low of $15.11 and a one year high of $31.24.
Pivotal Software (NASDAQ:PVTL) last posted its earnings results on Wednesday, September 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $164.40 million during the quarter, compared to the consensus estimate of $158.12 million. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the business. TRUE Private Wealth Advisors lifted its stake in Pivotal Software by 11.0% in the third quarter. TRUE Private Wealth Advisors now owns 43,885 shares of the company’s stock valued at $859,000 after buying an additional 4,335 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Pivotal Software in the second quarter valued at $232,000. Jane Street Group LLC bought a new stake in Pivotal Software in the second quarter valued at $252,000. CIBC World Markets Inc. bought a new stake in Pivotal Software in the second quarter valued at $260,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Pivotal Software in the second quarter valued at $273,000.
A number of research firms have commented on PVTL. Barclays lifted their price objective on shares of Pivotal Software from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 15th. Zacks Investment Research downgraded shares of Pivotal Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Needham & Company LLC began coverage on shares of Pivotal Software in a report on Monday, October 22nd. They issued a “buy” rating and a $25.00 price objective for the company. Wedbush began coverage on shares of Pivotal Software in a report on Thursday, October 18th. They issued an “outperform” rating and a $25.00 price objective for the company. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Pivotal Software in a report on Thursday, September 13th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Pivotal Software currently has a consensus rating of “Buy” and a consensus target price of $23.46.
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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