Getting Defensive In Emerging Markets: Pivotal Software, Inc. (PVTL)

Wall Street analysts will be watching closely when Pivotal Software, Inc. (NYSE:PVTL) reports its quarterly earnings next, which is scheduled for Tue 12 Mar (In 61 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.05 per share. In the preceding quarter, the company reportedly generated EPS of -$0.06 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of -24.20%, a profit margin of -22.60% and a gross margin of 61.50%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Pivotal Software, Inc. (NYSE:PVTL). Most recently, on December 20th, 2018, RBC Capital Mkts Upgrade a Outperform rating. Before that, on December 12th, 2018, Needham Reiterated to Buy. Needham Initiated a Buy rating on October 23rd, 2018, Wedbush Initiated an Outperform rating on October 19th, 2018, and Barclays Reiterated a Equal Weight rating on June 13th, 2018.

At its current price point, combined with the fact that this company has 248.86M shares outstanding, the current market capitalization sits at 4.34B. In the last trading day, 770,675 shares of Pivotal Software, Inc. were traded, which compares to its usual volume of about 1.92M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.90 in the past five trading days, resulting in a percentage change of +5.44% and a moving average of 17.53. In the past 20 days, its price changed by -$0.37 (which is -2.08%) and the stock’s moving average was 16.48. Looking back a full 50 days, shares of PVTL changed by -$0.60 (which is -3.33%) and demonstrated a moving average of 17.52.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 55.70%, a 14-day Stochastic %K score of 61.39% and a 20-day Stochastic %K score of 61.39%. Using a similar metric, Pivotal Software, Inc. (PVTL) shares showed a Stochastic %D of 68.95% over the past 9 days, a Stochastic %D score of 72.03% over the last 14 days, and a 20-day Stochastic %D of 63.02%. Meanwhile, this stock’s MACD Oscillator was 0.55 over the past 9 days, 1.09 over the past two weeks, and 1.05 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $17.43 level. Over the past 12 months, this stock has experienced a high price of $31.24 and a low of $14.43. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Steadfast Capital Management LP purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Pivotal Software, Inc. (NYSE:PVTL) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 4,255,457 shares of the company’s stock following the addition of 1,498,007 to this investor’s holdings during the three-month period. This share count represents that Steadfast Capital Management LP now held 4.90% stake in Pivotal Software, Inc. (PVTL)’s shares.

Just in the most recent trading day, Pivotal Software, Inc. (NYSE:PVTL) experienced a high price of $17.9 and low point of $17.27. At the end of the last trading session, this stock was at 17.43 per share, following a loss of -$0.15, or -0.40% during the full day.