Pure Storage, Inc. (NYSE:PSTG - Get Free Report) CFO P. Kevan Krysler sold 15,286 shares of Pure Storage stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $52.80, for a total transaction of $807,100.80. Following the sale, the chief financial officer now directly owns 507,824 shares of the company's stock, valued at approximately $26,813,107.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Pure Storage Trading Down 4.6 %
Pure Storage stock opened at $49.46 on Friday. The stock has a 50-day moving average of $50.02 and a two-hundred day moving average of $41.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 1.83. Pure Storage, Inc. has a one year low of $22.14 and a one year high of $58.46. The stock has a market cap of $16.07 billion, a PE ratio of 290.96, a price-to-earnings-growth ratio of 6.73 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 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.10. Pure Storage had a return on equity of 12.60% and a net margin of 2.17%. The firm had revenue of $789.81 million during the quarter, compared to the consensus estimate of $784.31 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company's revenue was down 2.5% compared to the same quarter last year. On average, research analysts anticipate that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.
Institutional Investors Weigh In On Pure Storage
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Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Pure Storage by 19.7% during the third quarter. Sei Investments Co. now owns 464,256 shares of the technology company's stock worth $16,537,000 after purchasing an additional 76,421 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Pure Storage by 11.4% during the third quarter. William Blair Investment Management LLC now owns 687,600 shares of the technology company's stock worth $24,492,000 after purchasing an additional 70,620 shares during the period. Weil Company Inc. acquired a new stake in shares of Pure Storage during the third quarter worth about $433,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Pure Storage during the fourth quarter worth about $514,000. Finally, Raymond James & Associates lifted its holdings in shares of Pure Storage by 11.1% during the fourth quarter. Raymond James & Associates now owns 306,862 shares of the technology company's stock worth $10,943,000 after purchasing an additional 30,642 shares during the period. Institutional investors and hedge funds own 83.42% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on PSTG shares. KeyCorp lifted their price target on shares of Pure Storage from $51.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Barclays lifted their price target on shares of Pure Storage from $42.00 to $51.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. TD Cowen boosted their price objective on shares of Pure Storage from $42.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Evercore ISI boosted their price objective on shares of Pure Storage from $41.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Finally, Susquehanna boosted their price objective on shares of Pure Storage from $45.00 to $65.00 and gave the stock a "positive" rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Pure Storage currently has an average rating of "Moderate Buy" and a consensus price target of $51.63.
View Our Latest Research Report on Pure Storage
Pure Storage Company Profile
(
Get Free Report)
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.
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