Capital Impact Advisors LLC Has $715,000 Stock Position in Pure Storage, Inc. (NYSE:PSTG)

Capital Impact Advisors LLC lowered its holdings in shares of Pure Storage, Inc. (NYSE:PSTG – Get Rating) by 4.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,335 shares of the technology company’s stock after selling 1,070 shares during the period. Capital Impact Advisors LLC’s holdings in Pure Storage were worth $715,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. M&T Bank Corp grew its position in Pure Storage by 27.8% during the 2nd quarter. M&T Bank Corp now owns 9,023 shares of the technology company’s stock worth $224,000 after acquiring an additional 1,964 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in Pure Storage by 46.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,650,199 shares of the technology company’s stock worth $45,166,000 after acquiring an additional 525,165 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Pure Storage by 445.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 28,618 shares of the technology company’s stock worth $783,000 after acquiring an additional 23,371 shares during the last quarter. IMA Wealth Inc. bought a new stake in Pure Storage during the 2nd quarter worth $815,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Pure Storage in the 2nd quarter valued at about $314,000. Institutional investors and hedge funds own 84.96% of the company’s stock.

Insider Transactions at Pure Storage

In related news, Director Andrew William Fraser Brown sold 9,930 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $27.28, for a total transaction of $270,890.40. Following the completion of the sale, the director now directly owns 45,518 shares of the company’s stock, valued at $1,241,731.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CRO Dan Fitzsimons sold 10,918 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $27.62, for a total transaction of $301,555.16. Following the completion of the sale, the executive now directly owns 119,217 shares of the company’s stock, valued at $3,292,773.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew William Fraser Brown sold 9,930 shares of the stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $27.28, for a total value of $270,890.40. Following the sale, the director now directly owns 45,518 shares of the company’s stock, valued at $1,241,731.04. The disclosure for this sale can be found here. Insiders sold a total of 59,170 shares of company stock valued at $1,605,075 over the last ninety days. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PSTG shares. Barclays reduced their price target on Pure Storage from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, March 2nd. KeyCorp reduced their price target on Pure Storage from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, March 2nd. Wells Fargo & Company cut their target price on Pure Storage from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, March 2nd. Susquehanna upped their target price on Pure Storage from $40.00 to $44.00 in a research report on Thursday, December 1st. Finally, JPMorgan Chase & Co. cut their target price on Pure Storage from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, March 2nd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.68.

Pure Storage Stock Up 3.3 %

Shares of Pure Storage stock opened at $24.12 on Friday. The company has a market cap of $7.30 billion, a PE ratio of 114.86, a price-to-earnings-growth ratio of 13.37 and a beta of 1.26. Pure Storage, Inc. has a 52 week low of $21.90 and a 52 week high of $36.71. The business has a 50 day moving average price of $27.63 and a 200-day moving average price of $28.40.

Pure Storage (NYSE:PSTG – Get Rating) last issued its quarterly earnings data on Wednesday, March 1st. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.10 by $0.17. The firm had revenue of $810.21 million during the quarter, compared to the consensus estimate of $811.30 million. Pure Storage had a return on equity of 17.48% and a net margin of 2.65%. As a group, research analysts anticipate that Pure Storage, Inc. will post 0.19 EPS for the current year.

Pure Storage Profile

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Pure Storage, Inc engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disks with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.