Pure Storage Inc (NYSE:PSTG) major shareholder Stefan A. Dyckerhoff sold 25,407 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $17.05, for a total transaction of $433,189.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Pure Storage Inc (PSTG) opened at $16.68 on Thursday. Pure Storage Inc has a fifty-two week low of $9.12 and a fifty-two week high of $19.27.

Pure Storage (NYSE:PSTG) last issued its earnings results on Tuesday, November 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. Pure Storage had a negative net margin of 22.86% and a negative return on equity of 44.96%. The firm had revenue of $277.70 million for the quarter, compared to analysts’ expectations of $272.07 million. During the same quarter last year, the business earned ($0.10) earnings per share. The business’s revenue was up 41.0% on a year-over-year basis. equities analysts anticipate that Pure Storage Inc will post -0.93 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on PSTG. UBS reaffirmed a “buy” rating and issued a $22.00 target price (up from $18.00) on shares of Pure Storage in a research note on Wednesday, November 29th. Maxim Group reaffirmed a “hold” rating and issued a $20.00 target price (up from $15.00) on shares of Pure Storage in a research note on Wednesday, November 29th. Lake Street Capital set a $21.00 target price on shares of Pure Storage and gave the company a “buy” rating in a research note on Wednesday, November 29th. They noted that the move was a valuation call. BMO Capital Markets raised their target price on shares of Pure Storage to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Finally, Barclays reaffirmed a “hold” rating and issued a $19.00 target price on shares of Pure Storage in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.55.

Several institutional investors have recently modified their holdings of the company. Voya Investment Management LLC boosted its holdings in Pure Storage by 64.7% in the second quarter. Voya Investment Management LLC now owns 43,164 shares of the technology company’s stock valued at $553,000 after acquiring an additional 16,955 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Pure Storage by 26.7% in the second quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company’s stock valued at $90,427,000 after acquiring an additional 1,489,008 shares in the last quarter. BARING ASSET MANAGEMENT Ltd bought a new stake in Pure Storage in the third quarter valued at $252,000. Legal & General Group Plc boosted its holdings in Pure Storage by 42.7% in the second quarter. Legal & General Group Plc now owns 23,623 shares of the technology company’s stock valued at $303,000 after acquiring an additional 7,068 shares in the last quarter. Finally, Marcus Capital LLC boosted its holdings in Pure Storage by 57.6% in the second quarter. Marcus Capital LLC now owns 231,500 shares of the technology company’s stock valued at $2,966,000 after acquiring an additional 84,600 shares in the last quarter. Hedge funds and other institutional investors own 38.46% of the company’s stock.

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Pure Storage Company Profile

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.

Insider Buying and Selling by Quarter for Pure Storage (NYSE:PSTG)

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