Pivotal Software (NASDAQ:PVTL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, September 18th. The firm presently has a $25.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 34.84% from the stock’s current price.

According to Zacks, “Pivotal Software Inc. provides platform-as-a-service solutions. The Company serves automotive, financial services, industrial, insurance, media, retail, technology and telecommunications sectors. Pivotal Software Inc. is based in San Francisco, United States. “

Other equities analysts also recently issued research reports about the company. Barclays boosted their target price on Pivotal Software from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 15th. Credit Suisse Group boosted their target price on Pivotal Software from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, June 13th. 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 Wednesday, June 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 report on Friday, September 7th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $23.18.

NASDAQ:PVTL traded up $1.45 during trading hours on Tuesday, reaching $18.54. The stock had a trading volume of 1,408,251 shares, compared to its average volume of 1,757,784. Pivotal Software has a 52 week low of $15.11 and a 52 week high of $31.24.

Pivotal Software (NASDAQ:PVTL) last released its earnings results on Wednesday, September 12th. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The company had revenue of $164.40 million for the quarter, compared to the consensus estimate of $158.12 million. Pivotal Software’s quarterly revenue was up 30.5% on a year-over-year basis.

A number of institutional investors and hedge funds have recently bought and sold shares of PVTL. Gilder Gagnon Howe & Co. LLC purchased a new position in Pivotal Software during the 2nd quarter valued at $82,195,000. FMR LLC purchased a new position in Pivotal Software during the 2nd quarter valued at $45,355,000. BlackRock Inc. purchased a new position in Pivotal Software during the 2nd quarter valued at $40,940,000. Wells Fargo & Company MN purchased a new position in Pivotal Software during the 2nd quarter valued at $37,309,000. Finally, Partner Fund Management L.P. purchased a new position in Pivotal Software during the 2nd quarter valued at $23,766,000.

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.

Read More: S&P 500 Index

Get a free copy of the Zacks research report on Pivotal Software (PVTL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Pivotal Software (NASDAQ:PVTL)

Receive News & Ratings for Pivotal Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pivotal Software and related companies with MarketBeat.com's FREE daily email newsletter.