Pure Storage, Inc. $PSTG Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its holdings in Pure Storage, Inc. (NYSE:PSTG) by 24,646.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,126 shares of the technology company’s stock after acquiring an additional 12,077 shares during the quarter. Kestra Investment Management LLC’s holdings in Pure Storage were worth $698,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Caxton Associates LLP acquired a new position in shares of Pure Storage in the 2nd quarter worth approximately $10,107,000. 1248 Management LLC grew its position in Pure Storage by 102.0% in the second quarter. 1248 Management LLC now owns 3,822 shares of the technology company’s stock worth $220,000 after buying an additional 1,930 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Pure Storage by 39.8% in the second quarter. Corient Private Wealth LLC now owns 31,201 shares of the technology company’s stock valued at $1,797,000 after buying an additional 8,885 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Pure Storage by 24.8% during the 2nd quarter. Captrust Financial Advisors now owns 55,385 shares of the technology company’s stock valued at $3,189,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Pure Storage by 3.2% during the 2nd quarter. Vident Advisory LLC now owns 19,994 shares of the technology company’s stock valued at $1,151,000 after acquiring an additional 614 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Pure Storage Price Performance

NYSE:PSTG opened at $69.67 on Tuesday. The stock has a market cap of $22.90 billion, a PE ratio of 183.35, a price-to-earnings-growth ratio of 7.97 and a beta of 1.28. Pure Storage, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The stock’s 50-day moving average is $86.71 and its two-hundred day moving average is $72.32.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings results on Tuesday, September 9th. The technology company reported $0.44 EPS for the quarter. The business had revenue of $763.77 million during the quarter. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%. On average, equities research analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Insider Transactions at Pure Storage

In related news, CAO Mona Chu sold 9,091 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $84.91, for a total value of $771,916.81. Following the transaction, the chief accounting officer owned 107,353 shares in the company, valued at approximately $9,115,343.23. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Dan Fitzsimons sold 6,051 shares of Pure Storage stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total transaction of $528,978.42. Following the completion of the sale, the executive owned 62,759 shares of the company’s stock, valued at $5,486,391.78. This trade represents a 8.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 427,311 shares of company stock valued at $36,629,100 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PSTG shares. TD Cowen lifted their target price on Pure Storage from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Pure Storage in a research note on Wednesday, October 8th. Evercore ISI restated an “outperform” rating on shares of Pure Storage in a report on Wednesday, December 3rd. Cowen reiterated a “buy” rating on shares of Pure Storage in a report on Wednesday, December 3rd. Finally, Tigress Financial set a $105.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.26.

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.