Shares of Pivotal Software (NYSE:PVTL) have been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $16.89.
A number of research firms recently weighed in on PVTL. Citigroup raised their price target on Pivotal Software from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Wedbush reissued a “neutral” rating and issued a $15.00 price objective on shares of Pivotal Software in a research note on Thursday, August 15th. Credit Suisse Group lowered Pivotal Software from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $15.00 in a research note on Monday, August 26th. Needham & Company LLC cut Pivotal Software from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research upgraded Pivotal Software from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, November 14th.
Shares of PVTL opened at $15.00 on Wednesday. The company has a market capitalization of $4.13 billion, a P/E ratio of -23.81 and a beta of -0.46. Pivotal Software has a one year low of $8.03 and a one year high of $24.39. The business’s 50 day simple moving average is $14.99 and its 200-day simple moving average is $13.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.42 and a quick ratio of 2.42.
In related news, CEO Robert C. Mee sold 20,653 shares of Pivotal Software stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $14.86, for a total value of $306,903.58. Also, SVP Scott Yara sold 6,196 shares of Pivotal Software stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $14.87, for a total value of $92,134.52. Insiders sold a total of 45,491 shares of company stock valued at $676,245 in the last 90 days. 64.90% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Pivotal Software during the 2nd quarter valued at $34,000. Whittier Trust Co. bought a new position in shares of Pivotal Software in the 3rd quarter worth $34,000. Resources Investment Advisors LLC. bought a new position in shares of Pivotal Software in the 2nd quarter worth $45,000. Neuburgh Advisers LLC grew its stake in shares of Pivotal Software by 131.1% during the second quarter. Neuburgh Advisers LLC now owns 5,472 shares of the company’s stock worth $58,000 after purchasing an additional 3,104 shares during the period. Finally, Barclays PLC acquired a new stake in shares of Pivotal Software during the third quarter worth $78,000. 27.53% of the stock is owned by hedge funds and other institutional investors.
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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