Pivotal Software (NYSE:PVTL) CEO Robert C. Mee sold 20,653 shares of the company’s 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.
Shares of PVTL stock opened at $14.89 on Friday. The stock has a market capitalization of $4.09 billion, a PE ratio of -23.63 and a beta of -0.46. Pivotal Software has a 1-year low of $8.03 and a 1-year high of $24.39. The business has a 50-day moving average of $13.71 and a 200 day moving average of $15.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.42 and a quick ratio of 2.42.
Pivotal Software (NYSE:PVTL) last issued its earnings results on Wednesday, September 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $193.00 million during the quarter, compared to analysts’ expectations of $186.50 million. Pivotal Software had a negative return on equity of 9.92% and a negative net margin of 18.66%. Pivotal Software’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) EPS. Analysts anticipate that Pivotal Software will post -0.45 EPS for the current year.
A number of equities analysts have recently issued reports on PVTL shares. Royal Bank of Canada reiterated a “sector perform” rating on shares of Pivotal Software in a report on Monday, September 9th. William Blair cut Pivotal Software from an “outperform” rating to a “market perform” rating in a report on Friday, August 23rd. Barclays cut their price objective on Pivotal Software from $21.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, June 5th. Zacks Investment Research upgraded Pivotal Software from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Friday, September 13th. Finally, Citigroup upped their price objective on Pivotal Software from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Pivotal Software presently has a consensus rating of “Hold” and a consensus price target of $17.30.
Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its holdings in Pivotal Software by 195.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,585 shares of the company’s stock valued at $33,000 after acquiring an additional 1,049 shares during the period. AdvisorNet Financial Inc purchased a new stake in Pivotal Software during the 2nd quarter valued at about $32,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Pivotal Software during the 2nd quarter valued at about $34,000. Resources Investment Advisors LLC. purchased a new stake in Pivotal Software during the 2nd quarter valued at about $45,000. Finally, Neuburgh Advisers LLC boosted its holdings in Pivotal Software by 131.1% during the 2nd quarter. Neuburgh Advisers LLC now owns 5,472 shares of the company’s stock valued at $58,000 after acquiring an additional 3,104 shares during the period. Institutional investors own 24.57% of the company’s stock.
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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