Pure Storage, Inc. (NYSE:PSTG) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC lowered its stake in Pure Storage, Inc. (NYSE:PSTG) by 81.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,380 shares of the technology company’s stock after selling 14,835 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Pure Storage were worth $217,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its position in shares of Pure Storage by 61.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock worth $27,000 after purchasing an additional 161 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Pure Storage during the 1st quarter worth approximately $25,000. FSC Wealth Advisors LLC acquired a new stake in Pure Storage during the 2nd quarter worth approximately $33,000. Fidelis Capital Partners LLC acquired a new stake in Pure Storage during the 1st quarter worth approximately $27,000. Finally, ORG Partners LLC purchased a new position in Pure Storage in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup reduced their price objective on Pure Storage from $75.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday. Wedbush reissued an “outperform” rating and set a $80.00 target price on shares of Pure Storage in a research note on Monday, August 26th. StockNews.com raised Pure Storage from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Guggenheim reissued a “buy” rating and set a $72.00 target price on shares of Pure Storage in a research note on Tuesday, June 25th. Finally, Northland Securities reissued a “market perform” rating and set a $59.00 target price (down from $68.00) on shares of Pure Storage in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and an average target price of $65.85.

Pure Storage Stock Up 1.9 %

Shares of NYSE PSTG opened at $51.29 on Friday. The stock has a market cap of $16.68 billion, a PE ratio of 183.18, a price-to-earnings-growth ratio of 6.29 and a beta of 1.11. The company has a quick ratio of 1.96, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. Pure Storage, Inc. has a 52-week low of $31.00 and a 52-week high of $70.41. The business has a 50-day moving average price of $60.47 and a 200 day moving average price of $56.58.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $693.48 million during the quarter, compared to the consensus estimate of $681.37 million. Pure Storage had a return on equity of 15.34% and a net margin of 3.19%. Equities research analysts forecast that Pure Storage, Inc. will post 0.47 earnings per share for the current year.

Insider Transactions at Pure Storage

In other news, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $52.39, for a total transaction of $5,239,000.00. Following the completion of the transaction, the insider now directly owns 800,000 shares of the company’s stock, valued at approximately $41,912,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO P. Kevan Krysler sold 14,296 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $63.79, for a total transaction of $911,941.84. Following the completion of the transaction, the chief financial officer now directly owns 518,623 shares of the company’s stock, valued at approximately $33,082,961.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $52.39, for a total value of $5,239,000.00. Following the completion of the sale, the insider now owns 800,000 shares in the company, valued at approximately $41,912,000. The disclosure for this sale can be found here. In the last three months, insiders sold 328,995 shares of company stock valued at $19,175,193. Corporate insiders own 6.00% of the company’s stock.

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.