Pivotal Software (PVTL) Receives Average Rating of “Buy” from Brokerages
Shares of Pivotal Software (NASDAQ:PVTL) have been given a consensus recommendation of “Buy” by the twelve analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $23.18.
A number of analysts have recently weighed in on PVTL shares. Zacks Investment Research raised shares of Pivotal Software from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, July 25th. Morgan Stanley reaffirmed a “buy” rating and issued a $29.00 target price on shares of Pivotal Software in a research report on Thursday, September 13th. Finally, Barclays increased their price objective on shares of Pivotal Software from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, September 7th.
Shares of NASDAQ:PVTL traded down $0.06 during midday trading on Monday, reaching $19.82. The company’s stock had a trading volume of 1,190,921 shares, compared to its average volume of 1,777,243. Pivotal Software has a 12-month low of $15.11 and a 12-month high of $31.24.
A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in Pivotal Software during the 2nd quarter valued at about $232,000. Jane Street Group LLC purchased a new stake in Pivotal Software during the 2nd quarter valued at about $252,000. CIBC World Markets Inc. purchased a new stake in Pivotal Software during the 2nd quarter valued at about $260,000. State of New Jersey Common Pension Fund D purchased a new stake in Pivotal Software during the 2nd quarter valued at about $273,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Pivotal Software during the 2nd quarter valued at about $341,000.
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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