Analysts expect Pivotal Software (NASDAQ:PVTL) to post earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Pivotal Software’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.03). Pivotal Software posted earnings of ($0.06) per share during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is expected to issue its next earnings report on Wednesday, September 11th.

On average, analysts expect that Pivotal Software will report full year earnings of ($0.15) per share for the current financial year, with EPS estimates ranging from ($0.17) to ($0.14). For the next fiscal year, analysts forecast that the firm will post earnings of $0.00 per share, with EPS estimates ranging from ($0.04) to $0.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Pivotal Software.

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

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

NASDAQ PVTL traded up $0.21 during trading hours on Wednesday, reaching $10.95. The company’s stock had a trading volume of 3,970,269 shares, compared to its average volume of 2,112,262. Pivotal Software has a 52 week low of $10.10 and a 52 week high of $31.24.

In other Pivotal Software news, SVP Andrew M. Cohen sold 12,900 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $21.60, for a total transaction of $278,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Edward Hieatt sold 24,950 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $19.84, for a total transaction of $495,008.00. The disclosure for this sale can be found here. Insiders have sold a total of 274,794 shares of company stock valued at $5,573,094 in the last three months.

Several hedge funds have recently made changes to their positions in PVTL. Quantamental Technologies LLC acquired a new stake in shares of Pivotal Software during the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC acquired a new stake in shares of Pivotal Software during the 1st quarter worth approximately $30,000. BNP Paribas Arbitrage SA grew its position in shares of Pivotal Software by 195.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,585 shares of the company’s stock worth $33,000 after buying an additional 1,049 shares during the period. Advisor Group Inc. grew its position in shares of Pivotal Software by 267.9% during the 4th quarter. Advisor Group Inc. now owns 2,704 shares of the company’s stock worth $44,000 after buying an additional 1,969 shares during the period. Finally, Neuburgh Advisers LLC acquired a new stake in shares of Pivotal Software during the 1st quarter worth approximately $49,000.

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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