WINTON GROUP Ltd Acquires 2,865 Shares of Pure Storage, Inc. (NYSE:PSTG)

WINTON GROUP Ltd raised its holdings in Pure Storage, Inc. (NYSE:PSTGGet Rating) by 24.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,689 shares of the technology company’s stock after acquiring an additional 2,865 shares during the quarter. WINTON GROUP Ltd’s holdings in Pure Storage were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Elequin Capital LP bought a new position in Pure Storage in the 1st quarter valued at $29,000. IndexIQ Advisors LLC bought a new position in Pure Storage in the 1st quarter valued at $32,000. Parkside Financial Bank & Trust bought a new position in Pure Storage in the 1st quarter valued at $33,000. Signaturefd LLC grew its position in Pure Storage by 234.3% in the 1st quarter. Signaturefd LLC now owns 1,207 shares of the technology company’s stock valued at $43,000 after acquiring an additional 846 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in Pure Storage in the 1st quarter valued at $47,000. Institutional investors own 82.91% of the company’s stock.

Analyst Ratings Changes

PSTG has been the topic of a number of recent research reports. Morgan Stanley raised Pure Storage from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $37.00 in a research report on Monday, October 31st. Credit Suisse Group increased their price target on Pure Storage from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, September 1st. UBS Group increased their price target on Pure Storage to $33.00 in a research report on Tuesday, September 6th. Raymond James increased their price target on Pure Storage from $39.00 to $42.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 1st. Finally, Lake Street Capital increased their price target on Pure Storage from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.53.

Insider Transactions at Pure Storage

In other news, Director Andrew William Fraser Brown sold 12,637 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $30.18, for a total value of $381,384.66. Following the completion of the transaction, the director now directly owns 55,448 shares in the company, valued at $1,673,420.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.80% of the company’s stock.

Pure Storage Trading Up 0.9 %

Pure Storage stock opened at $30.75 on Friday. The stock has a 50-day moving average of $28.89 and a two-hundred day moving average of $27.75. Pure Storage, Inc. has a one year low of $21.90 and a one year high of $36.71.

Pure Storage (NYSE:PSTGGet Rating) last released its quarterly earnings results on Wednesday, August 31st. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.10. Pure Storage had a positive return on equity of 8.41% and a negative net margin of 0.57%. The company had revenue of $646.80 million during the quarter, compared to analysts’ expectations of $636.06 million. During the same period last year, the business posted ($0.06) earnings per share. The firm’s revenue was up 30.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Pure Storage, Inc. will post 0.11 earnings per share for the current year.

Pure Storage Profile

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Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.

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Institutional Ownership by Quarter for Pure Storage (NYSE:PSTG)

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