Pure Storage, Inc. $PSTG Shares Sold by Graphene Investments SAS

Graphene Investments SAS trimmed its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 39.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,100 shares of the technology company’s stock after selling 19,900 shares during the period. Graphene Investments SAS’s holdings in Pure Storage were worth $2,606,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Penserra Capital Management LLC increased its position in shares of Pure Storage by 11.8% in the 2nd quarter. Penserra Capital Management LLC now owns 1,666 shares of the technology company’s stock valued at $95,000 after purchasing an additional 176 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Pure Storage by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock worth $212,000 after purchasing an additional 194 shares in the last quarter. Ramirez Asset Management Inc. increased its holdings in 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 buying an additional 200 shares during the last quarter. REAP Financial Group LLC raised 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 valued at $35,000 after buying an additional 201 shares in the last quarter. Finally, GraniteShares Advisors LLC lifted 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 buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Evercore ISI reaffirmed an “outperform” rating on shares of Pure Storage in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. lowered their price target on Pure Storage from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Susquehanna set a $105.00 price target on shares of Pure Storage in a research note on Wednesday, December 3rd. Barclays boosted their price objective on shares of Pure Storage from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Finally, UBS Group increased their target price on shares of Pure Storage from $55.00 to $60.00 and gave the company a “sell” rating in a research report on Wednesday, December 3rd. Thirteen equities research 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’s stock. According to MarketBeat.com, Pure Storage has a consensus rating of “Moderate Buy” and an average price target of $95.26.

Pure Storage Price Performance

Shares of Pure Storage stock opened at $69.69 on Wednesday. The firm’s fifty day simple moving average is $86.34 and its 200-day simple moving average is $72.43. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $100.59. The stock has a market capitalization of $22.90 billion, a price-to-earnings ratio of 183.40, a PEG ratio of 7.77 and a beta of 1.27.

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

Insider Buying and Selling

In other news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $87.33, for a total transaction of $8,733,000.00. Following the completion of the sale, the insider owned 300,000 shares in the company, valued at $26,199,000. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Dan Fitzsimons sold 6,051 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $87.42, for a total value of $528,978.42. Following the sale, the executive directly owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This represents a 8.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 427,311 shares of company stock worth $36,629,100. Insiders own 5.60% of the company’s stock.

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.