Pure Storage, Inc. (NYSE:PSTG) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC lessened its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 27.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,770 shares of the technology company’s stock after selling 10,816 shares during the quarter. Curi RMB Capital LLC’s holdings in Pure Storage were worth $1,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Pure Storage by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 31,789,480 shares of the technology company’s stock worth $1,652,735,000 after acquiring an additional 495,183 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Pure Storage by 56.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company’s stock worth $237,345,000 after purchasing an additional 1,327,873 shares in the last quarter. Blair William & Co. IL raised its holdings in Pure Storage by 0.7% during the 2nd quarter. Blair William & Co. IL now owns 2,357,962 shares of the technology company’s stock worth $151,405,000 after buying an additional 15,747 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Pure Storage by 12.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,234,382 shares of the technology company’s stock worth $143,470,000 after buying an additional 249,761 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Pure Storage by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,303,863 shares of the technology company’s stock valued at $83,728,000 after buying an additional 235,356 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Raymond James lowered their price objective on shares of Pure Storage from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Guggenheim upped their price target on Pure Storage from $72.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Evercore ISI reduced their price objective on Pure Storage from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. TD Cowen lowered their target price on Pure Storage from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Piper Sandler reduced their price target on shares of Pure Storage from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and an average target price of $68.15.

Pure Storage Trading Down 3.3 %

Shares of NYSE:PSTG opened at $48.18 on Friday. The business’s 50 day simple moving average is $51.36 and its 200 day simple moving average is $56.90. Pure Storage, Inc. has a 1 year low of $31.00 and a 1 year high of $70.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.99 and a quick ratio of 1.96. The company has a market capitalization of $15.79 billion, a P/E ratio of 120.45, a P/E/G ratio of 7.93 and a beta of 1.10.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. The business had revenue of $763.77 million during the quarter, compared to the consensus estimate of $756.59 million. Pure Storage had a net margin of 4.53% and a return on equity of 17.41%. On average, research analysts anticipate that Pure Storage, Inc. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at Pure Storage

In related news, CAO Mona Chu sold 20,647 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $51.50, for a total transaction of $1,063,320.50. Following the sale, the chief accounting officer now owns 75,992 shares of the company’s stock, valued at $3,913,588. This trade represents a 21.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $61.76, for a total value of $6,176,000.00. Following the sale, the insider now owns 700,000 shares in the company, valued at approximately $43,232,000. This trade represents a 12.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 454,542 shares of company stock worth $24,775,030 over the last 90 days. Insiders own 6.00% of the company’s stock.

Pure Storage Company Profile

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.