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VMW

VMware

$153.18

(0.00%)

, PVTL

Pivotal Software

$8.31

(0.00%)

09:40
08/15/19
08/15
09:40
08/15/19
09:40

BMO Capital not supportive of potential VMware deal for Pivotal Software

BMO Capital analyst Keith Bachman keeps his Outperform rating on VMWare (VMW) with a price target of $198 but says he is not supportive of its confirmed agreement to acquire the remaining equity in Pivotal Software (PVTL). The analyst notes that while the combined entity would improve the messaging in go-to-market strategy and product overlap - areas where the partnership had previously struggled - the deal also contains "worse" financial implications for VMWare, since Pivotal's Expected operating loss in FY20 would reduce VMWare's operating margins by about 300bps.

VMW

VMware

$153.18

(0.00%)

PVTL

Pivotal Software

$8.31

(0.00%)

  • 22

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    Sep

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    Oct

VMW VMware
$153.18

(0.00%)

08/15/19
RBCM
08/15/19
NO CHANGE
Target $15
RBCM
Outperform
Pivotal Software price target lowered to $15 from $18 at RBC Capital
RBC Capital analyst Matt Hedberg lowered his price target on Pivotal Software (PVTL) to $15 but kept his Outperform rating after the company confirmed it is in talks with VMWare (VMW) about being fully acquired at $15 per share. The analyst notes that the disclosure of details from all participants is still "limited", but sees this as a "favorable outcome" for Pivotal and would not expect another bidder given the companies' current relationship.
08/15/19
WEDB
08/15/19
NO CHANGE
Target $15
WEDB
Neutral
Pivotal Software acquisition not 'clear plug and play fit,' says Wedbush
Wedbush analyst Daniel Ives notes that VMware (VMW) filed a 13D reporting it is currently in negotiations with Pivotal Software (PVTL) to acquire the company. While the underlying cloud assets and complex developer tool ecosystem will add to the VMware product footprint and potentially expand opportunities within its installed base around cross-selling, acquiring this asset is "not a clear plug and play fit" in his opinion. Ives believes shareholders of VMware will have mixed feelings about this news given Pivotal's roots back to Dell/EMC and the history/current ownership structure of Michael Dell between the three companies. The analyst has a Neutral rating and $15 price target on Pivotal's shares.
08/15/19
WELS
08/15/19
NO CHANGE
Target $68
WELS
Outperform
Pivotal/VMware deal positive for Dell Technologies, says Wells Fargo
Wells Fargo analyst Aaron Rakers notes that VMWare (VMW) disclosed that it is in discussions with Pivotal Software (PVTL) to buy the remainder of the company for $15/share, and a transaction will result in Dell (DELL) increasing its share in VMWare by approximately $2B dollars or 3% increase in ownership. The analyst thinks that the deal is positive for Dell in that it helps streamline the organizations ownership structure potentially leading to a decrease in the company's conglomerate discount. Rakers has an Outperform rating and a $68 price target on Dell's shares.
08/15/19
WBLR
08/15/19
NO CHANGE
WBLR
Outperform
Proposed deal makes sense for both VMware, Pivotal, says William Blair
A Dell Technologies (DELL) filing last night revealed that the boards of VMware (VMW) and Pivotal Software (PVTL) have each established special committees to negotiate an agreement for VMware to acquire Pivotal for $15 per share in cash. While a deal may not happen, the proposed combination makes strategic sense for both parties, William Blair analyst Jason Ader tells investors in a research note. If a deal were to be consummated, it would result in Dell increasing its ownership stake in VMware through the proposed stock transaction, the analyst adds. He reiterates an Outperform rating on shares of VMware.
PVTL Pivotal Software
$8.31

(0.00%)

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SPLK

Splunk

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SAVE

Spirit Airlines

$38.51

-0.09 (-0.23%)

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NVCN

Neovasc

$2.97

-0.025 (-0.83%)

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CUTR

Cutera

$32.75

0.76 (2.38%)

08:59
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08:59
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Cutera rating change  »

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KHC

Kraft Heinz

$25.26

0.13 (0.52%)

, MDLZ

Mondelez

$54.28

0.27 (0.50%)

08:57
08/22/19
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08:57
Periodicals
Kraft Heinz, Mondelez file contempt motion against CFTC, CNBC reports »

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Kraft Heinz

$25.26

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MDLZ

Mondelez

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FDX

FedEx

$158.17

2.32 (1.49%)

08:57
08/22/19
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08:57
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FedEx analyst commentary  »

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SPY

SPDR S&P 500 ETF Trust

$292.40

2.37 (0.82%)

, SPX

S&P 500

$0.00

(0.00%)

08:56
08/22/19
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General news
Trump says 'Federal Reserve does not allow us to do what we must do' »

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SPY

SPDR S&P 500 ETF Trust

$292.40

2.37 (0.82%)

SPX

S&P 500

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VZ

Verizon

$56.59

0.31 (0.55%)

, WIFI

Boingo Wireless

$11.18

-0.14 (-1.24%)

08:56
08/22/19
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Verizon working with Boingo to bring 5G Ultra Wideband service indoors »

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VZ

Verizon

$56.59

0.31 (0.55%)

WIFI

Boingo Wireless

$11.18

-0.14 (-1.24%)

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GE

General Electric

$8.16

-0.23 (-2.74%)

, TSLA

Tesla

$220.89

-4.81 (-2.13%)

08:55
08/22/19
08/22
08:55
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08:55
Options
Notable open interest changes for August 22nd »

Wednesday's total…

GE

General Electric

$8.16

-0.23 (-2.74%)

TSLA

Tesla

$220.89

-4.81 (-2.13%)

JWN

Nordstrom

$26.51

1.38 (5.49%)

BAC

Bank of America

$26.93

0.21 (0.79%)

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ASUR

Asure Software

$6.24

0.14 (2.30%)

08:55
08/22/19
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08:55
Hot Stocks
Asure Software appoints Charlie Lathrop to board of directors »

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SLNG

Stabilis Energy

$5.53

0.76 (15.93%)

08:55
08/22/19
08/22
08:55
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08:55
Conference/Events
Stabilis Energy to host conference call »

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LOW

Lowe's

$108.00

9.96 (10.16%)

08:53
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SPLK

Splunk

$128.51

1.87 (1.48%)

08:52
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WNC

Wabash

$14.30

0.59 (4.30%)

08:51
08/22/19
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Conference/Events
Wabash management to meet with Loop Capital »

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08:50
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General news
Treasury Action: the market is little changed after the claims data »

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ENTG

Entegris

$43.42

1.03 (2.43%)

08:49
08/22/19
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08:49
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08:49
Conference/Events
Entegris management to meet with Loop Capital »

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CVSI

CV Sciences

$0.00

(0.00%)

, VSI

Vitamin Shoppe

$6.47

0.045 (0.70%)

08:49
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Hot Stocks
CV Sciences announces distribution partnership with The Vitamin Shoppe »

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CVSI

CV Sciences

$0.00

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VSI

Vitamin Shoppe

$6.47

0.045 (0.70%)

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USNA

Usana

$67.47

0.43 (0.64%)

08:48
08/22/19
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Usana analyst commentary  »

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  • 12

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PLX

Protalix

$0.24

-0.0136 (-5.44%)

08:47
08/22/19
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08:47
Hot Stocks
Protalix announces evaluation of strategic alternatives »

Protalix BioTherapeutics…

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JMIA

Jumia Technologies

$12.25

-2.44 (-16.61%)

08:47
08/22/19
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08:47
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Jumia Technologies analyst commentary  »

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LOW

Lowe's

$108.00

9.96 (10.16%)

08:45
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NVAX

Novavax

$6.83

0.16 (2.40%)

, GES

Guess

$14.94

0.27 (1.84%)

08:45
08/22/19
08/22
08:45
08/22/19
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

NVAX

Novavax

$6.83

0.16 (2.40%)

GES

Guess

$14.94

0.27 (1.84%)

BE

Bloom Energy

$5.31

-0.165 (-3.02%)

DDS

Dillard's

$56.57

-0.125 (-0.22%)

GPOR

Gulfport Energy

$3.04

0.015 (0.50%)

FTR

Frontier Communications

$0.84

-0.0213 (-2.47%)

ETN

Eaton

$78.61

0.46 (0.59%)

GSKY

GreenSky

$7.25

(0.00%)

RCL

Royal Caribbean

$107.67

0.15 (0.14%)

BHC

Bausch Health

$22.41

1.15 (5.41%)

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08:45
08/22/19
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General news
The -12k initial claims drop »

The -12k initial claims…

MNTX

Manitex

$5.67

0.07 (1.25%)

, TEX

Terex

$25.08

0.85 (3.51%)

08:43
08/22/19
08/22
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08:43
Hot Stocks
Manitex names Steve Filipov CEO, David Langevin named exec. chairman »

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MNTX

Manitex

$5.67

0.07 (1.25%)

TEX

Terex

$25.08

0.85 (3.51%)

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SPLK

Splunk

$128.51

1.87 (1.48%)

08:42
08/22/19
08/22
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08:42
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Splunk rating change  »

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