Equities analysts forecast that Pivotal Software (NASDAQ:PVTL) will report earnings per share of ($0.05) Three analysts have issued estimates for Pivotal Software’s earnings. Pivotal Software reported earnings per share of ($0.10) during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The company report on Tuesday, June 11th.
According to Zacks, analysts expect that Pivotal Software will report full year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.15) to ($0.13). For the next year, analysts expect that the firm will report earnings of $0.07 per share, with EPS estimates ranging from $0.02 to $0.15. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Pivotal Software.
Get Pivotal Software alerts: Pivotal Software (NASDAQ:PVTL) last released its earnings results on Thursday, March 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.05). The business had revenue of $169.20 million during the quarter, compared to analyst estimates of $170.21 million. Pivotal Software’s quarterly revenue was up 27.0% compared to the same quarter last year.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Pivotal Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Morgan Stanley raised their target price on Pivotal Software from $24.00 to $26.00 and gave the stock Barclays decreased their target price on Pivotal Software from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Friday, March 15th. Wedbush raised their target price on Pivotal Software from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, Bank of America reissued a “neutral” rating and issued a $25.00 target price (up from $22.00) on shares of Pivotal Software in a research report on Friday, March 15th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Pivotal Software currently has an average rating of “Buy” and an average target price of $24.00.
NASDAQ:PVTL traded up $0.37 during trading hours on Friday, reaching $20.18. The stock had a trading volume of 1,802,684 shares, compared to its average volume of 1,961,113. Pivotal Software has a 12-month low of $14.43 and a 12-month high of $31.24.
In other news, SVP Andrew M. Cohen sold 12,900 shares of Pivotal Software stock in a transaction on Monday, April 1st. The stock was sold at an average price of $20.82, for a total value of $268,578.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, President William Cook sold 30,000 shares of Pivotal Software stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $20.00, for a total value of $600,000.00. The disclosure for this sale can be found here . Over the last quarter, insiders sold 401,843 shares of company stock valued at $8,210,345.
A number of large investors have recently bought and sold shares of PVTL. FMR LLC boosted its stake in Pivotal Software by 179.1% during the fourth quarter. FMR LLC now owns 5,186,120 shares of the company’s stock valued at $84,793,000 after buying an additional 3,328,120 shares during the period. Bank of America Corp DE boosted its stake in Pivotal Software by 1,232.4% during the fourth quarter. Bank of America Corp DE now owns 2,827,457 shares of the company’s stock valued at $46,229,000 after buying an additional 2,615,254 shares during the period. SQN Investors LP boosted its stake in Pivotal Software by 2,772.5% during the third quarter. SQN Investors LP now owns 1,726,349 shares of the company’s stock valued at $33,802,000 after buying an additional 1,666,250 shares during the period. Norges Bank bought a new stake in Pivotal Software during the fourth quarter valued at $15,533,000. Finally, Two Sigma Investments LP boosted its stake in Pivotal Software by 729.3% during the fourth quarter. Two Sigma Investments LP now owns 706,308 shares of the company’s stock valued at $11,548,000 after buying an additional 621,143 shares during the period.
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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