Analysts expect Pivotal Software (NASDAQ:PVTL) to report earnings of ($0.05) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pivotal Software’s earnings. Pivotal Software posted earnings per share of ($0.10) in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, June 4th.

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 fiscal year, analysts anticipate that the firm will post earnings of $0.07 per share, with EPS estimates ranging from $0.02 to $0.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Pivotal Software.

Pivotal Software (NASDAQ:PVTL) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.05). The company had revenue of $169.20 million during the quarter, compared to the consensus estimate of $170.21 million. The company’s revenue was up 27.0% on a year-over-year basis.

A number of analysts have recently commented on PVTL shares. Goldman Sachs Group lowered 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 research note on Wednesday, March 6th. Morgan Stanley lifted their price target on Pivotal Software from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Wedbush lifted their price target on Pivotal Software from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Zacks Investment Research raised Pivotal Software from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Saturday, March 16th. Finally, Bank of America reissued a “neutral” rating and set a $25.00 price target (up from $22.00) on shares of Pivotal Software in a research note on Friday, March 15th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Pivotal Software presently has a consensus rating of “Buy” and an average price target of $25.33.

In other Pivotal Software news, SVP Scott Yara sold 36,667 shares of Pivotal Software stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $22.47, for a total value of $823,907.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew M. Cohen sold 12,900 shares of Pivotal Software stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $21.60, for a total value of $278,640.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 369,952 shares of company stock worth $7,626,017.

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in Pivotal Software by 30.3% in the third quarter. Bank of New York Mellon Corp now owns 36,154 shares of the company’s stock worth $708,000 after purchasing an additional 8,417 shares during the last quarter. Morgan Stanley lifted its position in shares of Pivotal Software by 99.1% during the 3rd quarter. Morgan Stanley now owns 237,411 shares of the company’s stock valued at $4,648,000 after buying an additional 118,168 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Pivotal Software during the 4th quarter valued at $179,000. Zweig DiMenna Associates LLC purchased a new position in shares of Pivotal Software during the 4th quarter valued at $3,912,000. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Pivotal Software during the 4th quarter valued at $2,637,000.

Shares of PVTL stock opened at $20.56 on Tuesday. Pivotal Software has a 12 month low of $14.43 and a 12 month high of $31.24.

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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