Pure Storage, Inc. $PSTG Shares Sold by Andra AP fonden

Andra AP fonden lowered its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,677 shares of the technology company’s stock after selling 3,500 shares during the quarter. Andra AP fonden’s holdings in Pure Storage were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in Pure Storage by 22.6% in the first quarter. LPL Financial LLC now owns 118,368 shares of the technology company’s stock valued at $5,240,000 after buying an additional 21,812 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Pure Storage by 13.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 275,796 shares of the technology company’s stock worth $12,209,000 after buying an additional 32,611 shares during the last quarter. Crumly & Associates Inc. purchased a new stake in shares of Pure Storage in the second quarter valued at approximately $242,000. Michael S. Ryan Inc. acquired a new position in Pure Storage during the second quarter worth about $254,000. Finally, D.A. Davidson & CO. increased its position in shares of Pure Storage by 7.7% in the first quarter. D.A. Davidson & CO. now owns 7,000 shares of the technology company’s stock valued at $310,000 after buying an additional 500 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Pure Storage Stock Performance

Shares of NYSE:PSTG opened at $89.83 on Friday. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $100.59. The company has a market capitalization of $29.52 billion, a PE ratio of 219.09, a price-to-earnings-growth ratio of 8.99 and a beta of 1.24. The stock has a fifty day moving average of $88.32 and a 200-day moving average of $66.83.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Tuesday, September 9th. The technology company reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $763.77 million for the quarter. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%. As a group, research analysts forecast that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Wells Fargo & Company raised their price target on shares of Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Evercore ISI boosted their target price on shares of Pure Storage from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Needham & Company LLC increased their price objective on shares of Pure Storage from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pure Storage in a report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.56.

Insider Transactions at Pure Storage

In other Pure Storage news, Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $76.93, for a total transaction of $230,790.00. Following the transaction, the director directly owned 16,343 shares in the company, valued at approximately $1,257,266.99. The trade was a 15.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ajay Singh sold 7,014 shares of Pure Storage stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total value of $602,151.90. Following the transaction, the insider owned 229,307 shares in the company, valued at $19,686,005.95. This represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 343,111 shares of company stock worth $27,634,439. 5.60% of the stock is currently owned by insiders.

About Pure Storage

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.