Pure Storage, Inc. $PSTG Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Pure Storage, Inc. (NYSE:PSTG) by 12.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,426 shares of the technology company’s stock after selling 22,692 shares during the quarter. Strs Ohio’s holdings in Pure Storage were worth $13,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PSTG. Mechanics Financial Corp bought a new stake in shares of Pure Storage in the 2nd quarter worth approximately $25,000. True Wealth Design LLC boosted its holdings in Pure Storage by 402.8% during the second quarter. True Wealth Design LLC now owns 548 shares of the technology company’s stock worth $32,000 after buying an additional 439 shares in the last quarter. SouthState Corp grew its position in Pure Storage by 474.8% in the second quarter. SouthState Corp now owns 592 shares of the technology company’s stock worth $34,000 after buying an additional 489 shares during the last quarter. REAP Financial Group LLC increased its holdings in shares of 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, Ramirez Asset Management Inc. lifted its position in shares of Pure Storage by 40.0% during the 2nd 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 during the last quarter. Institutional investors own 83.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PSTG shares. Morgan Stanley set a $83.00 price objective on Pure Storage in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. decreased their price target on Pure Storage from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, December 3rd. Tigress Financial set a $105.00 price target on Pure Storage in a research note on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Pure Storage in a report on Thursday. Finally, Barclays upped their price objective on shares of Pure Storage from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.26.

Insider Buying and Selling

In other news, insider Ajay Singh sold 7,178 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total value of $481,930.92. Following the transaction, the insider directly owned 215,091 shares of the company’s stock, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Monday, December 8th. The shares were sold at an average price of $71.31, for a total value of $7,131,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 207,178 shares of company stock worth $16,771,931 over the last ninety days. 5.60% of the stock is currently owned by insiders.

Pure Storage Trading Down 2.3%

NYSE:PSTG opened at $69.79 on Monday. The business’s fifty day moving average price is $73.33 and its 200 day moving average price is $75.29. The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 183.65, a PEG ratio of 7.74 and a beta of 1.26. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $100.59.

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

Pure Storage Company Profile

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.