Walter & Keenan Financial Consulting MI ADV boosted its stake in stocks of Pure Storage, (NYSE:PSTG) by 24.1% through out the Fiscal Q2, based on the latest 13F document with the SEC. The firm owned 802,138 shares of the technology company's stock after buying an additional 183,123 shares during the period. Glynn Capital Management LLC increased its position in Pure Storage by 15.2% in the first quarter. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TX acquired a new stake in Pure Storage during the first quarter valued at $150,000. The stock's market capitalization is $2.64 billion. Finally, Norges Bank acquired a new position in shares of Pure Storage during the fourth quarter worth approximately $1,697,000. Bank of New York Mellon Corp now owns 276,581 shares of the technology company's stock valued at $2,718,000 after buying an additional 23,682 shares during the last quarter. The institutional investor owned 98,400 shares of the technology company's stock at the end of the first quarter.
Another recent and important Pure Storage Inc (NYSE:PSTG) news was published by Prnewswire.com which published an article titled: "Pure Storage in Gartner Magic Quadrant for Fourth Consecutive Year" on August 01, 2017. Pure Storage has a 12 month low of $9.12 and a 12 month high of $15.14.
PSTG has been the discussion subject of many recent brokerage firm research. Shares last traded at $12.54 which is slightly below the 50 day moving average of $13.01 and significantly above the 200 day moving average of $11.64. Morgan Stanley lowered Pure Storage from an "overweight" recommendation to an "equal weight" recommendation and downgraded the price objective for the share from $17.00 to $12.00 in a note on Thurs, May 18th.
Pure Storage (NYSE:PSTG) last posted its earnings results on Wednesday, May 24th.
COPYRIGHT VIOLATION NOTICE: "Pure Storage, Inc". The firm had revenue of $182.60 million during the quarter, compared to analyst estimates of $176.13 million. Pure Storage had a negative net margin of 31.62% and a negative return on equity of 44.04%. The business's quarterly revenue was up 30.5% compared to the same quarter previous year. During the same period in the prior year, the company earned ($0.22) earnings per share. "(PSTG)" was posted by Transcript Daily and is owned by of Transcript Daily.
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Several analysts have recently issued reports on the stock. Company insiders own 46.58% of the company's stock. J P Morgan Chase & Co increased their price target on Pure Storage from $10.50 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, May 25th. Robert W. Baird reiterated a "hold" recommendation on stocks of Pure Storage in a note on Thurs, Apr 13th. Over the last three months, insiders sold 2,312,246 shares of company stock worth $30,410,081. William Blair reiterated a "buy" recommendation on stocks of Pure Storage in a note on Fri, Apr 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Raymond James initiated Pure Storage Inc (NYSE:PSTG) on Monday, November 2 with "Outperform" rating.
In related news, CFO Timothy Riitters sold 5,000 shares of the firm's stock in a transaction on Thursday, June 1st. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
In other news, Director Michelangelo Volpi sold 35,673 shares of the stock in a transaction that occurred on Thursday, June 22nd. Following the completion of the sale, the chief financial officer now owns 245,703 shares in the company, valued at $3,223,623.36. The shares were sold at an average price of $13.00, for a total value of $248,118.00. The stock was sold at an average price of $13.03, for a total value of $464,819.19. The disclosure for this sale can be found here.
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.