Pure Storage, Inc. (NYSE:PSTG) Stock Position Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,804 shares of the technology company’s stock after selling 9,284 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Pure Storage worth $9,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in Pure Storage by 53.3% in the third quarter. First Horizon Advisors Inc. now owns 1,380 shares of the technology company’s stock valued at $49,000 after acquiring an additional 480 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Pure Storage by 6.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,313 shares of the technology company’s stock worth $296,000 after buying an additional 532 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Pure Storage by 5.5% during the third quarter. Bank Pictet & Cie Europe AG now owns 10,331 shares of the technology company’s stock valued at $368,000 after buying an additional 535 shares in the last quarter. Mariner LLC lifted its position in shares of Pure Storage by 2.9% in the third quarter. Mariner LLC now owns 19,548 shares of the technology company’s stock worth $696,000 after buying an additional 553 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Pure Storage by 20.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 3,681 shares of the technology company’s stock worth $133,000 after acquiring an additional 630 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling at Pure Storage

In other news, Director Scott Dietzen sold 147,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $53.49, for a total value of $7,863,030.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $5,349,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Scott Dietzen sold 147,000 shares of Pure Storage stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $53.49, for a total transaction of $7,863,030.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $5,349,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ajay Singh sold 37,588 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $53.54, for a total transaction of $2,012,461.52. Following the completion of the transaction, the insider now owns 380,834 shares in the company, valued at $20,389,852.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 286,581 shares of company stock valued at $15,266,704. 6.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PSTG shares. KeyCorp raised their price objective on Pure Storage from $51.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Morgan Stanley boosted their price objective on shares of Pure Storage from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Susquehanna raised their target price on shares of Pure Storage from $45.00 to $65.00 and gave the company a “positive” rating in a research note on Thursday, April 11th. StockNews.com downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $66.00 price target on shares of Pure Storage in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.63.

Pure Storage Stock Down 0.5 %

PSTG opened at $50.13 on Thursday. The company has a market capitalization of $16.29 billion, a P/E ratio of 294.90, a P/E/G ratio of 6.81 and a beta of 1.15. 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’s fifty day moving average price is $51.46 and its two-hundred day moving average price is $42.11. Pure Storage, Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $58.46.

Pure Storage (NYSE:PSTG) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.10. The business had revenue of $789.81 million for 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 firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 EPS. On average, analysts anticipate that Pure Storage, Inc. will post 0.44 EPS for the current 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.