In a report released yesterday, Raimo Lenschow from Barclays maintained a Hold rating on Pivotal Software Inc (NYSE: PVTL), with a price target of $22. The company’s shares closed yesterday at $28.20, close to its 52-week high of $28.73.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.6% and a 76.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Coupa Software Inc, and Citrix Systems.
Pivotal Software Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.50.
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Based on Pivotal Software Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $32.6 million. In comparison, last year the company had a GAAP net loss of $51.55 million.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.
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Pivotal Software, Inc. provides application and data infrastructure software. It specializes in integrated solution that combines a cloud-native platform and strategic services. Its products include Pivotal Big Data Suite, Pivotal GemFIre, and Pivotal Greenplum which allows enterprises to adopt software and development methodologoies.
