Pure Storage, Inc. (NYSE:PSTG – Get Free Report) CRO Dan Fitzsimons sold 29,283 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $52.14, for a total transaction of $1,526,815.62. Following the transaction, the executive now owns 138,105 shares of the company’s stock, valued at $7,200,794.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Pure Storage Trading Down 0.9 %
Shares of NYSE PSTG opened at $51.83 on Friday. Pure Storage, Inc. has a 1 year low of $22.14 and a 1 year high of $58.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.80. The firm has a 50-day moving average of $49.93 and a 200 day moving average of $41.07. The stock has a market cap of $16.84 billion, a P/E ratio of 304.90, a price-to-earnings-growth ratio of 6.79 and a beta of 1.15.
Pure Storage (NYSE:PSTG – Get Free Report) last released its earnings results on Wednesday, February 28th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The firm had revenue of $789.81 million during the quarter, compared to analyst estimates of $784.31 million. Pure Storage had a net margin of 2.17% and a return on equity of 12.60%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. As a group, sell-side analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.
Analyst Ratings Changes
Get Our Latest Stock Report on PSTG
Institutional Investors Weigh In On Pure Storage
Several hedge funds have recently added to or reduced their stakes in PSTG. State of Michigan Retirement System purchased a new position in shares of Pure Storage in the 1st quarter worth about $3,790,000. Oak Thistle LLC bought a new stake in Pure Storage during the 1st quarter valued at about $448,000. Future Financial Wealth Managment LLC purchased a new position in Pure Storage in the first quarter worth about $73,000. Brookstone Capital Management lifted its stake in shares of Pure Storage by 7.3% in the first quarter. Brookstone Capital Management now owns 8,627 shares of the technology company’s stock worth $449,000 after buying an additional 584 shares in the last quarter. Finally, FCF Advisors LLC grew its holdings in shares of Pure Storage by 10.8% during the first quarter. FCF Advisors LLC now owns 44,382 shares of the technology company’s stock valued at $2,307,000 after buying an additional 4,319 shares during the last quarter. 83.42% of the stock is owned by institutional investors.
Pure Storage Company Profile
Pure Storage, Inc, together with its subsidiaries, provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.
See Also
- Five stocks we like better than Pure Storage
- What Are Dividend Achievers? An Introduction
- Comprehensive PepsiCo Stock Analysis
- 3 Warren Buffett Stocks to Buy Now
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- Roth IRA Calculator: Calculate Your Potential Returns
- Bear Market Funds to Watch This Year
Receive News & Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related companies with MarketBeat.com's FREE daily email newsletter.