Pivotal Software (NASDAQ:PVTL) CFO Sells $71,407.98 in Stock

Pivotal Software (NASDAQ:PVTL) CFO Cynthia Gaylor sold 6,297 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $11.34, for a total value of $71,407.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pivotal Software stock opened at $11.49 on Monday. Pivotal Software has a twelve month low of $10.10 and a twelve month high of $29.15.

Pivotal Software (NASDAQ:PVTL) last posted its quarterly earnings data on Tuesday, June 4th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $185.72 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same period in the prior year, the company posted ($0.10) EPS. The firm’s revenue was up 19.3% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Pivotal Software by 104.1% during the 1st quarter. FMR LLC now owns 10,583,689 shares of the company’s stock worth $220,670,000 after purchasing an additional 5,397,569 shares in the last quarter. Private Advisors LLC increased its stake in shares of Pivotal Software by 29.5% during the 1st quarter. Private Advisors LLC now owns 99,817 shares of the company’s stock worth $2,081,000 after purchasing an additional 22,723 shares in the last quarter. SQN Investors LP increased its stake in shares of Pivotal Software by 11.2% during the 1st quarter. SQN Investors LP now owns 3,389,954 shares of the company’s stock worth $70,681,000 after purchasing an additional 340,162 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Pivotal Software by 9.1% during the 1st quarter. Wells Fargo & Company MN now owns 3,599,467 shares of the company’s stock worth $75,048,000 after purchasing an additional 300,306 shares in the last quarter. Finally, Timpani Capital Management LLC purchased a new position in shares of Pivotal Software during the 1st quarter worth approximately $1,560,000.

A number of analysts have issued reports on PVTL shares. Goldman Sachs Group lowered Pivotal Software from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $24.00 in a research report on Wednesday, March 6th. Morgan Stanley boosted their target price on Pivotal Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Wedbush boosted their target price on Pivotal Software from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Credit Suisse Group reissued an “outperform” rating and issued a $20.00 target price (down previously from $25.00) on shares of Pivotal Software in a research report on Wednesday, June 5th. Finally, Zacks Investment Research raised Pivotal Software from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Saturday, March 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.70.

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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