Several brokerages have updated their recommendations and price targets on shares of Pure Storage (NYSE: PSTG) in the last few weeks:

  • 10/11/2017 – Pure Storage was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/5/2017 – Pure Storage had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $20.00 price target on the stock, up previously from $18.00.
  • 9/26/2017 – Pure Storage was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/25/2017 – Pure Storage had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $18.00 price target on the stock, up previously from $15.00.
  • 9/23/2017 – Pure Storage had its “equal weight” rating reaffirmed by analysts at Morgan Stanley.
  • 9/13/2017 – Pure Storage was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/11/2017 – Pure Storage was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/26/2017 – Pure Storage was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/25/2017 – Pure Storage was upgraded by analysts at Summit Redstone from a “hold” rating to a “buy” rating.
  • 8/25/2017 – Pure Storage had its price target raised by analysts at KeyCorp from $17.00 to $18.00. They now have an “overweight” rating on the stock.
  • 8/25/2017 – Pure Storage had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $15.00 price target on the stock.
  • 8/25/2017 – Pure Storage had its “ourperform” rating reaffirmed by analysts at William Blair.
  • 8/25/2017 – Pure Storage had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $13.50 price target on the stock.
  • 8/25/2017 – Pure Storage had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $15.00 price target on the stock, up previously from $13.00.
  • 8/25/2017 – Pure Storage had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $16.00 price target on the stock, up previously from $15.00.
  • 8/24/2017 – Pure Storage was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/24/2017 – Pure Storage had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $14.00 price target on the stock.
  • 8/14/2017 – Pure Storage was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating. They now have a $15.00 price target on the stock, down previously from $20.00.
  • 8/14/2017 – Pure Storage was given a new $14.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.

Shares of Pure Storage, Inc. (PSTG) traded down 0.06% during mid-day trading on Thursday, reaching $16.00. 1,441,852 shares of the company traded hands. The stock’s 50 day moving average is $15.12 and its 200 day moving average is $12.77. Pure Storage, Inc. has a 52-week low of $9.12 and a 52-week high of $16.35. The stock’s market capitalization is $3.38 billion.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Thursday, August 24th. The technology company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.20. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. The business had revenue of $224.50 million for the quarter, compared to analysts’ expectations of $217.97 million. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. The business’s revenue was up 37.6% on a year-over-year basis. On average, analysts anticipate that Pure Storage, Inc. will post ($0.22) earnings per share for the current year.

In other news, CFO Timothy Riitters sold 55,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $14.82, for a total transaction of $815,100.00. Following the transaction, the chief financial officer now owns 332,200 shares of the company’s stock, valued at approximately $4,923,204. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President David Hatfield sold 1,853 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $15.55, for a total value of $28,814.15. The disclosure for this sale can be found here. Insiders have sold a total of 172,028 shares of company stock worth $2,628,735 in the last ninety days. Insiders own 46.58% of the company’s stock.

Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.

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