TRUE Private Wealth Advisors Grows Position in Pivotal Software (PVTL)
TRUE Private Wealth Advisors increased its position in Pivotal Software (NASDAQ:PVTL) by 11.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,885 shares of the company’s stock after buying an additional 4,335 shares during the period. TRUE Private Wealth Advisors’ holdings in Pivotal Software were worth $859,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new position in Pivotal Software in the second quarter worth approximately $232,000. Jane Street Group LLC acquired a new position in Pivotal Software in the second quarter worth approximately $252,000. CIBC World Markets Inc. acquired a new position in Pivotal Software in the second quarter worth approximately $260,000. State of New Jersey Common Pension Fund D acquired a new position in Pivotal Software in the second quarter worth approximately $273,000. Finally, California Public Employees Retirement System acquired a new position in Pivotal Software in the second quarter worth approximately $341,000.
Shares of PVTL stock opened at $18.37 on Friday. Pivotal Software has a 12 month low of $15.11 and a 12 month high of $31.24.
PVTL has been the topic of a number of research reports. Zacks Investment Research upgraded Pivotal Software from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, July 25th. Morgan Stanley restated a “buy” rating and issued a $29.00 price objective on shares of Pivotal Software in a report on Thursday, September 13th. Barclays dropped their price objective on Pivotal Software to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, September 13th. Finally, Citigroup increased their price objective on Pivotal Software from $22.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, September 7th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $23.18.
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.
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