Pure Storage, Inc. (NYSE:PSTG) Stock Holdings Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in Pure Storage, Inc. (NYSE:PSTGFree Report) by 4.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 121,895 shares of the technology company’s stock after purchasing an additional 4,687 shares during the period. Asset Management One Co. Ltd.’s holdings in Pure Storage were worth $5,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PSTG. McIlrath & Eck LLC bought a new stake in shares of Pure Storage in the 4th quarter worth about $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Pure Storage by 55.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the technology company’s stock worth $29,000 after purchasing an additional 233 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of Pure Storage in the 4th quarter worth about $31,000. FNY Investment Advisers LLC increased its position in shares of Pure Storage by 5,233.3% in the 1st quarter. FNY Investment Advisers LLC now owns 800 shares of the technology company’s stock worth $35,000 after purchasing an additional 785 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Pure Storage by 157.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 713 shares of the technology company’s stock worth $44,000 after purchasing an additional 436 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

PSTG has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Pure Storage from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, May 29th. Evercore ISI boosted their target price on shares of Pure Storage from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 23rd. Wedbush reissued an “outperform” rating and issued a $70.00 target price on shares of Pure Storage in a research report on Thursday, May 29th. Morgan Stanley boosted their price objective on shares of Pure Storage from $40.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $66.00 price objective (up previously from $53.00) on shares of Pure Storage in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Pure Storage currently has a consensus rating of “Moderate Buy” and an average price target of $69.95.

Get Our Latest Research Report on Pure Storage

Insider Buying and Selling at Pure Storage

In other news, CRO Dan Fitzsimons sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $51.65, for a total value of $309,900.00. Following the completion of the sale, the executive now directly owns 75,965 shares of the company’s stock, valued at approximately $3,923,592.25. This represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Francis Murphy sold 11,234 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $55.13, for a total transaction of $619,330.42. Following the completion of the sale, the director now directly owns 21,930 shares of the company’s stock, valued at approximately $1,209,000.90. This represents a 33.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,083 shares of company stock valued at $6,460,576 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Pure Storage Stock Down 0.3%

Pure Storage stock opened at $55.47 on Friday. The firm has a 50-day moving average price of $51.90 and a two-hundred day moving average price of $55.80. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 149.91, a PEG ratio of 5.28 and a beta of 1.05. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $73.67.

Pure Storage (NYSE:PSTGGet Free Report) last posted its earnings results on Wednesday, May 28th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $778.49 million during the quarter, compared to analyst estimates of $770.03 million. Pure Storage had a net margin of 3.93% and a return on equity of 13.98%. Pure Storage’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. Research analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Pure Storage Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pure Storage (NYSE:PSTG)

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