Pure Storage Inc (NYSE:PSTG) CFO Timothy Riitters sold 5,210 shares of Pure Storage stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.92, for a total value of $103,783.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Timothy Riitters also recently made the following trade(s):

  • On Wednesday, December 19th, Timothy Riitters sold 30,000 shares of Pure Storage stock. The stock was sold at an average price of $16.61, for a total value of $498,300.00.

Shares of NYSE PSTG opened at $20.92 on Friday. The company has a market capitalization of $5.05 billion, a P/E ratio of -29.89 and a beta of 1.71. Pure Storage Inc has a 12-month low of $13.99 and a 12-month high of $29.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.52 and a current ratio of 3.64.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Thursday, February 28th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Pure Storage had a negative return on equity of 23.31% and a negative net margin of 13.12%. On average, research analysts forecast that Pure Storage Inc will post -0.54 earnings per share for the current year.

PSTG has been the subject of several research reports. Maxim Group reiterated a “hold” rating and issued a $21.00 target price on shares of Pure Storage in a research report on Tuesday, November 20th. Oppenheimer set a $26.00 target price on Pure Storage and gave the stock a “buy” rating in a research report on Monday, November 19th. Cowen initiated coverage on Pure Storage in a research report on Tuesday, December 11th. They issued a “market perform” rating and a $20.00 target price for the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $25.00 target price on shares of Pure Storage in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Finally, Raymond James lowered Pure Storage from an “outperform” rating to a “market perform” rating and set a $18.81 target price for the company. in a research report on Wednesday, February 20th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $25.71.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bangor Savings Bank lifted its holdings in shares of Pure Storage by 1.9% in the 4th quarter. Bangor Savings Bank now owns 31,774 shares of the technology company’s stock worth $511,000 after purchasing an additional 591 shares during the last quarter. Sonora Investment Management LLC raised its stake in Pure Storage by 80.2% during the 4th quarter. Sonora Investment Management LLC now owns 1,910 shares of the technology company’s stock valued at $31,000 after acquiring an additional 850 shares in the last quarter. WealthTrust Fairport LLC raised its stake in Pure Storage by 19.6% during the 4th quarter. WealthTrust Fairport LLC now owns 7,278 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,192 shares in the last quarter. Strs Ohio raised its stake in Pure Storage by 16.6% during the 4th quarter. Strs Ohio now owns 10,288 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,468 shares in the last quarter. Finally, NumerixS Investment Technologies Inc raised its stake in Pure Storage by 9.4% during the 4th quarter. NumerixS Investment Technologies Inc now owns 18,003 shares of the technology company’s stock valued at $285,000 after acquiring an additional 1,549 shares in the last quarter. 74.31% of the stock is currently owned by institutional investors and hedge funds.

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Pure Storage Company Profile

Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution.

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