Pure Storage Inc (PSTG) Major Shareholder Sells $433,189.35 in Stock
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.
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.
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