Pivotal Software (NASDAQ:PVTL) released its earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05), Morningstar.com reports. The company had revenue of $169.20 million during the quarter, compared to analysts’ expectations of $170.21 million. Pivotal Software’s revenue was up 27.0% on a year-over-year basis.

Shares of NASDAQ:PVTL traded down $0.33 during trading on Friday, hitting $22.07. The company had a trading volume of 1,413,793 shares, compared to its average volume of 1,910,127. Pivotal Software has a one year low of $14.43 and a one year high of $31.24.

Several research firms have weighed in on PVTL. Bank of America raised their price target on Pivotal Software from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank of Canada upgraded Pivotal Software from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 20th. Needham & Company LLC raised their price target on Pivotal Software from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 12th. Zacks Investment Research cut Pivotal Software from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, Goldman Sachs Group cut Pivotal Software from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $24.00 in a report on Wednesday, March 6th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.77.

In other news, SVP Edward Hieatt sold 44,791 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $20.01, for a total value of $896,267.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Onsi Fakhouri sold 13,700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $22.49, for a total value of $308,113.00. The disclosure for this sale can be found here. Insiders sold a total of 169,949 shares of company stock valued at $3,549,191 over the last ninety days.

Several large investors have recently bought and sold shares of PVTL. Quantamental Technologies LLC bought a new stake in shares of Pivotal Software in the 4th quarter valued at approximately $25,000. Advisor Group Inc. lifted its stake in shares of Pivotal Software by 267.9% in the 4th quarter. Advisor Group Inc. now owns 2,704 shares of the company’s stock valued at $44,000 after purchasing an additional 1,969 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Pivotal Software in the 4th quarter valued at approximately $179,000. Paloma Partners Management Co bought a new stake in shares of Pivotal Software in the 3rd quarter valued at approximately $200,000. Finally, Signition LP bought a new stake in shares of Pivotal Software in the 4th quarter valued at approximately $241,000.

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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.

Further Reading: Market Capitalization and Individual Investors

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