Pivotal Software (NASDAQ:PVTL) President William Cook sold 30,000 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $600,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
NASDAQ PVTL traded up $0.10 during trading hours on Friday, hitting $22.52. The company had a trading volume of 1,104,695 shares, compared to its average volume of 1,918,643. Pivotal Software has a 52 week low of $14.43 and a 52 week high of $31.24.
Pivotal Software (NASDAQ:PVTL) last released its earnings results on Tuesday, December 11th. The company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The company had revenue of $168.10 million during the quarter, compared to the consensus estimate of $164.11 million. Pivotal Software’s revenue for the quarter was up 30.3% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new position in shares of Pivotal Software during the 4th quarter valued at $2,041,000. FMR LLC increased its stake in Pivotal Software by 179.1% during the 4th quarter. FMR LLC now owns 5,186,120 shares of the company’s stock worth $84,793,000 after buying an additional 3,328,120 shares during the period. Legal & General Group Plc purchased a new stake in Pivotal Software during the 4th quarter worth $1,429,000. Jane Street Group LLC purchased a new stake in Pivotal Software during the 4th quarter worth $347,000. Finally, Voloridge Investment Management LLC purchased a new stake in Pivotal Software during the 4th quarter worth $1,466,000.
A number of brokerages recently commented on PVTL. 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. Needham & Company LLC lifted their price target on shares of Pivotal Software from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Finally, Zacks Investment Research raised shares of Pivotal Software from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Saturday, December 15th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Pivotal Software has a consensus rating of “Buy” and an average target price of $23.23.
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About Pivotal Software
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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