Atria Investments Inc Trims Stock Position in Pure Storage, Inc. $PSTG

Atria Investments Inc lessened its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 23.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,377 shares of the technology company’s stock after selling 1,610 shares during the period. Atria Investments Inc’s holdings in Pure Storage were worth $310,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Pure Storage by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock worth $212,000 after buying an additional 194 shares during the period. Ramirez Asset Management Inc. raised its holdings in shares of Pure Storage by 40.0% in the second quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company’s stock valued at $40,000 after acquiring an additional 200 shares in the last quarter. REAP Financial Group LLC lifted its stake in Pure Storage by 49.0% in the second quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock worth $35,000 after acquiring an additional 201 shares during the period. GraniteShares Advisors LLC grew its holdings in Pure Storage by 2.6% during the 2nd quarter. GraniteShares Advisors LLC now owns 8,001 shares of the technology company’s stock worth $461,000 after acquiring an additional 206 shares in the last quarter. Finally, Emerald Advisers LLC increased its position in Pure Storage by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 12,433 shares of the technology company’s stock valued at $716,000 after purchasing an additional 238 shares during the period. Institutional investors own 83.42% of the company’s stock.

Insider Activity at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 6,051 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total value of $528,978.42. Following the completion of the transaction, the executive owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This trade represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Monday, November 10th. The stock was sold at an average price of $91.59, for a total transaction of $9,159,000.00. Following the sale, the insider owned 100,000 shares of the company’s stock, valued at $9,159,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 443,111 shares of company stock worth $36,793,439 in the last 90 days. 5.60% of the stock is owned by insiders.

Pure Storage Stock Performance

Pure Storage stock opened at $88.58 on Thursday. The stock has a market cap of $29.11 billion, a PE ratio of 216.06, a price-to-earnings-growth ratio of 8.99 and a beta of 1.24. The stock has a 50-day moving average of $89.04 and a two-hundred day moving average of $67.77. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $100.59.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. The business 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, sell-side analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PSTG. Guggenheim upped their price target on shares of Pure Storage from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of Pure Storage in a report on Wednesday, October 8th. Northland Securities lifted their price target on Pure Storage from $63.00 to $71.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Citigroup upped their price objective on Pure Storage from $81.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Finally, Morgan Stanley raised their price objective on Pure Storage from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.65.

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.