Pure Storage, Inc. (NYSE:PSTG) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC increased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 31.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,837 shares of the technology company’s stock after purchasing an additional 2,100 shares during the quarter. Avior Wealth Management LLC’s holdings in Pure Storage were worth $315,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC increased its position in Pure Storage by 1.4% during the 3rd quarter. FMR LLC now owns 46,793,394 shares of the technology company’s stock worth $1,666,781,000 after purchasing an additional 663,465 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Pure Storage by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 27,369,119 shares of the technology company’s stock worth $966,403,000 after acquiring an additional 203,732 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Pure Storage by 24.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,091,077 shares of the technology company’s stock worth $359,464,000 after acquiring an additional 2,807,489 shares during the period. Morgan Stanley boosted its holdings in Pure Storage by 3.4% in the 3rd quarter. Morgan Stanley now owns 4,296,843 shares of the technology company’s stock worth $153,054,000 after acquiring an additional 140,541 shares during the period. Finally, Polar Capital Holdings Plc boosted its holdings in Pure Storage by 33.8% in the 3rd quarter. Polar Capital Holdings Plc now owns 4,068,672 shares of the technology company’s stock worth $144,926,000 after acquiring an additional 1,028,104 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Stock Performance

Shares of PSTG opened at $49.46 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 market cap of $16.07 billion, a price-to-earnings ratio of 290.96, a price-to-earnings-growth ratio of 6.73 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 1.83. The firm has a fifty day moving average of $50.02 and a 200-day moving average of $41.17.

Pure Storage (NYSE:PSTG) last announced its quarterly 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. Pure Storage had a net margin of 2.17% and a return on equity of 12.60%. The company 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 for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Insider Activity at Pure Storage

In related news, CFO P. Kevan Krysler sold 15,286 shares of Pure Storage stock in a transaction dated 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 in the company, valued at $26,813,107.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the director now directly owns 100,000 shares in the company, valued at $5,349,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO P. Kevan Krysler sold 15,286 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $52.80, for a total transaction of $807,100.80. Following the completion of the sale, the chief financial officer now owns 507,824 shares in the company, valued at $26,813,107.20. The disclosure for this sale can be found here. Insiders have sold a total of 286,581 shares of company stock worth $15,266,704 over the last ninety days. 6.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PSTG. Needham & Company LLC restated a “buy” rating and issued a $66.00 price target on shares of Pure Storage in a report on Thursday, April 11th. Morgan Stanley upped their price target on Pure Storage from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Susquehanna upped their price target on Pure Storage from $45.00 to $65.00 and gave the stock a “positive” rating in a report on Thursday, April 11th. Wedbush reiterated an “outperform” rating and set a $50.00 target price on shares of Pure Storage in a research note on Thursday, February 29th. Finally, TD Cowen increased their target price on Pure Storage from $42.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.63.

About Pure Storage

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.