Pure Storage, Inc. (NYSE:PSTG) Shares Acquired by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd boosted its holdings in Pure Storage, Inc. (NYSE:PSTG) by 64.9% during the 3rd quarter, Holdings Channel reports. The fund owned 3,050 shares of the technology company’s stock after acquiring an additional 1,200 shares during the quarter. Montanaro Asset Management Ltd’s holdings in Pure Storage were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.32, for a total value of $5,732,000.00. Following the completion of the sale, the insider now directly owns 300,000 shares in the company, valued at approximately $17,196,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Mona Chu sold 20,647 shares of Pure Storage stock in a transaction on Monday, October 7th. The shares were sold at an average price of $51.50, for a total value of $1,063,320.50. Following the transaction, the chief accounting officer now owns 75,992 shares in the company, valued at $3,913,588. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $57.32, for a total transaction of $5,732,000.00. Following the sale, the insider now owns 300,000 shares of the company’s stock, valued at $17,196,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 454,542 shares of company stock worth $24,775,030 over the last ninety days. 6.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James lowered their target price on Pure Storage from $73.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Northland Securities restated a “market perform” rating and issued a $59.00 price target (down previously from $68.00) on shares of Pure Storage in a research report on Thursday, August 29th. Guggenheim raised their price objective on Pure Storage from $72.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. TD Cowen decreased their target price on Pure Storage from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Evercore ISI cut their price objective on Pure Storage from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.05.

Pure Storage Trading Down 1.9 %

NYSE PSTG opened at $52.91 on Friday. The company has a market capitalization of $17.34 billion, a PE ratio of 132.28, a price-to-earnings-growth ratio of 8.48 and a beta of 1.10. Pure Storage, Inc. has a 1-year low of $31.00 and a 1-year high of $70.41. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm’s fifty day simple moving average is $51.19 and its 200-day simple moving average is $56.94.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $763.77 million during the quarter, compared to the consensus estimate of $756.59 million. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. As a group, sell-side analysts anticipate that Pure Storage, Inc. will post 0.43 earnings per share for the current fiscal year.

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.