Pure Storage, Inc. (NYSE:PSTG) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in Pure Storage, Inc. (NYSE:PSTG) by 1,937.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,422 shares of the technology company’s stock after purchasing an additional 4,205 shares during the period. International Assets Investment Management LLC’s holdings in Pure Storage were worth $158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in Pure Storage by 5,725.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,614,837 shares of the technology company’s stock worth $57,520,000 after purchasing an additional 1,587,116 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Pure Storage by 61.5% in the 3rd quarter. Acadian Asset Management LLC now owns 3,399,759 shares of the technology company’s stock worth $121,081,000 after acquiring an additional 1,294,285 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Pure Storage by 1,025.3% in the third quarter. Qube Research & Technologies Ltd now owns 1,269,927 shares of the technology company’s stock worth $45,235,000 after purchasing an additional 1,157,079 shares during the period. Polar Capital Holdings Plc increased its stake in Pure Storage by 33.8% during the third quarter. Polar Capital Holdings Plc now owns 4,068,672 shares of the technology company’s stock valued at $144,926,000 after purchasing an additional 1,028,104 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Pure Storage by 1.4% during the third quarter. FMR LLC now owns 46,793,394 shares of the technology company’s stock worth $1,666,781,000 after purchasing an additional 663,465 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PSTG has been the subject of several research reports. Citigroup assumed coverage on shares of Pure Storage in a report on Friday, March 15th. They issued a “buy” rating and a $65.00 price target for the company. StockNews.com lowered Pure Storage from a “buy” rating to a “hold” rating in a report on Friday. Barclays raised their price target on Pure Storage from $42.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Pure Storage in a research report on Thursday, April 11th. Finally, Evercore ISI boosted their price target on shares of Pure Storage from $41.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.63.

Pure Storage Trading Up 1.4 %

Shares of NYSE:PSTG opened at $52.95 on Monday. Pure Storage, Inc. has a twelve month low of $22.14 and a twelve month high of $58.46. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. The firm has a market cap of $17.20 billion, a P/E ratio of 311.47, a P/E/G ratio of 6.88 and a beta of 1.15. The company has a 50 day moving average of $50.86 and a 200-day moving average of $41.83.

Pure Storage (NYSE:PSTG) last released its earnings results on Wednesday, February 28th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Pure Storage had a return on equity of 12.60% and a net margin of 2.17%. The firm had revenue of $789.81 million during the quarter, compared to the consensus estimate of $784.31 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Activity at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 29,283 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $52.14, for a total value of $1,526,815.62. Following the completion of the sale, the executive now directly owns 138,105 shares of the company’s stock, valued at approximately $7,200,794.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Pure Storage news, CFO P. Kevan Krysler sold 15,286 shares of Pure Storage stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $52.80, for a total value of $807,100.80. Following the transaction, the chief financial officer now owns 507,824 shares in the company, valued at $26,813,107.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Dan Fitzsimons sold 29,283 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $52.14, for a total value of $1,526,815.62. Following the sale, the executive now owns 138,105 shares of the company’s stock, valued at approximately $7,200,794.70. The disclosure for this sale can be found here. Insiders sold 286,581 shares of company stock valued at $15,266,704 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.