Wedbush began coverage on shares of Pivotal Software (NASDAQ:PVTL) in a research note issued on Thursday, Marketbeat reports. The firm set an “outperform” rating and a $25.00 price target on the stock. Wedbush’s target price indicates a potential upside of 37.74% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Barclays lifted their price target on Pivotal Software from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 15th. Zacks Investment Research cut Pivotal Software from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Morgan Stanley reissued a “buy” rating and set a $29.00 target price on shares of Pivotal Software in a research note on Thursday, September 13th. Finally, Citigroup boosted their target price on Pivotal Software from $22.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, September 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $23.33.
Shares of Pivotal Software stock opened at $18.15 on Thursday. Pivotal Software has a one year low of $15.11 and a one year high of $31.24.
Several institutional investors and hedge funds have recently bought and sold shares of the company. TRUE Private Wealth Advisors increased its stake in shares of Pivotal Software by 11.0% during 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 period. Tower Research Capital LLC TRC purchased a new position in shares of Pivotal Software during the second quarter valued at approximately $232,000. Jane Street Group LLC purchased a new position in shares of Pivotal Software during the second quarter valued at approximately $252,000. CIBC World Markets Inc. purchased a new position in shares of Pivotal Software during the second quarter valued at approximately $260,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Pivotal Software in the second quarter worth $273,000.
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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