Pivotal Software (NASDAQ:PVTL) – Stock analysts at KeyCorp lifted their FY2021 earnings per share (EPS) estimates for shares of Pivotal Software in a research note issued on Thursday, January 17th. KeyCorp analyst A. Kurtz now anticipates that the company will post earnings per share of $0.15 for the year, up from their prior forecast of $0.12.
Pivotal Software (NASDAQ:PVTL) last released its earnings results on Tuesday, December 11th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.04. The business had revenue of $168.10 million for the quarter, compared to analyst estimates of $164.11 million. Pivotal Software’s revenue was up 30.3% compared to the same quarter last year.
Several other equities research analysts also recently commented on the stock. Royal Bank of Canada upgraded shares of Pivotal Software from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded shares of Pivotal Software from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Needham & Company LLC upped their price target on shares of Pivotal Software from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 12th. Finally, Wedbush assumed coverage on shares of Pivotal Software in a research report on Thursday, October 18th. They issued an “outperform” rating and a $25.00 price target for the company. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.23.
Shares of NASDAQ:PVTL opened at $17.14 on Monday. Pivotal Software has a 52 week low of $14.43 and a 52 week high of $31.24.
In other Pivotal Software news, SVP Andrew M. Cohen sold 25,800 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $20.02, for a total value of $516,516.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President William Cook sold 27,703 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $20.00, for a total transaction of $554,060.00. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in PVTL. Virtu Financial LLC acquired a new position in Pivotal Software in the 4th quarter valued at approximately $179,000. Paloma Partners Management Co acquired a new position in shares of Pivotal Software during the 3rd quarter worth $200,000. Tower Research Capital LLC TRC acquired a new position in shares of Pivotal Software during the 2nd quarter worth $232,000. Jane Street Group LLC acquired a new position in shares of Pivotal Software during the 2nd quarter worth $252,000. Finally, Washington Capital Management Inc. acquired a new position in shares of Pivotal Software during the 3rd quarter worth $284,000.
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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