Two Sigma Advisers LP lifted its position in Pure Storage Inc (NYSE:PSTG) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,346,919 shares of the technology company’s stock after acquiring an additional 340,742 shares during the period. Two Sigma Advisers LP owned 0.62% of Pure Storage worth $21,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of PSTG. Fortaleza Asset Management Inc. acquired a new stake in shares of Pure Storage in the fourth quarter worth approximately $154,000. SG Americas Securities LLC acquired a new stake in shares of Pure Storage in the fourth quarter worth approximately $162,000. Great West Life Assurance Co. Can boosted its stake in shares of Pure Storage by 151.3% in the third quarter. Great West Life Assurance Co. Can now owns 11,310 shares of the technology company’s stock worth $180,000 after acquiring an additional 6,810 shares during the last quarter. Invictus RG acquired a new stake in shares of Pure Storage in the third quarter worth approximately $187,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Pure Storage in the third quarter worth approximately $205,000. 45.48% of the stock is currently owned by hedge funds and other institutional investors.
In other Pure Storage news, Director Scott Dietzen sold 125,000 shares of Pure Storage stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $21.37, for a total value of $2,671,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President David Hatfield sold 10,000 shares of Pure Storage stock in a transaction on Monday, January 29th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. The disclosure for this sale can be found here. Insiders sold 565,206 shares of company stock worth $10,621,246 in the last 90 days. Company insiders own 41.47% of the company’s stock.
Pure Storage Inc (NYSE PSTG) opened at $20.11 on Tuesday. The firm has a market capitalization of $4,470.04, a price-to-earnings ratio of -23.94 and a beta of 1.23. Pure Storage Inc has a 12 month low of $9.61 and a 12 month high of $22.60.
Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Thursday, March 1st. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. Pure Storage had a negative return on equity of 38.70% and a negative net margin of 17.36%. The company had revenue of $338.30 million for the quarter, compared to analyst estimates of $331.80 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 48.4% compared to the same quarter last year. research analysts anticipate that Pure Storage Inc will post -0.78 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on PSTG. Vetr lowered Pure Storage from a “strong-buy” rating to a “buy” rating and set a $23.58 price target on the stock. in a research note on Thursday, March 15th. William Blair reaffirmed a “buy” rating on shares of Pure Storage in a research note on Thursday, March 8th. Maxim Group reaffirmed a “hold” rating and issued a $21.00 price target (up from $20.00) on shares of Pure Storage in a research note on Friday, March 2nd. Barclays lifted their price target on Pure Storage from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, March 2nd. Finally, TheStreet raised Pure Storage from a “d” rating to a “c-” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. Pure Storage has an average rating of “Buy” and a consensus price target of $21.29.
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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