Pure Storage, Inc. (NYSE:PSTG) Position Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,155 shares of the technology company’s stock after buying an additional 2,796 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Pure Storage were worth $1,486,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in shares of Pure Storage during the first quarter worth about $25,000. Fidelis Capital Partners LLC bought a new position in Pure Storage in the 1st quarter worth about $27,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Pure Storage by 61.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock valued at $27,000 after purchasing an additional 161 shares during the period. Larson Financial Group LLC raised its holdings in shares of Pure Storage by 242.9% during the second quarter. Larson Financial Group LLC now owns 432 shares of the technology company’s stock valued at $28,000 after buying an additional 306 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Pure Storage during the fourth quarter worth approximately $31,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America raised their target price on Pure Storage from $57.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Barclays lifted their price objective on shares of Pure Storage from $51.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Guggenheim reiterated a “buy” rating and issued a $72.00 target price on shares of Pure Storage in a research report on Tuesday, June 25th. Citigroup dropped their price target on shares of Pure Storage from $75.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, TD Cowen decreased their price objective on shares of Pure Storage from $80.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.95.

Insider Buying and Selling

In other news, CRO Dan Fitzsimons sold 9,881 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $59.32, for a total value of $586,140.92. Following the transaction, the executive now owns 115,601 shares in the company, valued at approximately $6,857,451.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Pure Storage news, CFO P. Kevan Krysler sold 14,296 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $63.79, for a total value of $911,941.84. Following the transaction, the chief financial officer now owns 518,623 shares in the company, valued at $33,082,961.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Dan Fitzsimons sold 9,881 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $59.32, for a total value of $586,140.92. Following the completion of the transaction, the executive now directly owns 115,601 shares in the company, valued at $6,857,451.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 324,177 shares of company stock valued at $18,863,083. Corporate insiders own 6.00% of the company’s stock.

Pure Storage Trading Up 1.9 %

Shares of NYSE PSTG opened at $50.72 on Friday. Pure Storage, Inc. has a 12 month low of $31.00 and a 12 month high of $70.41. The business has a fifty day simple moving average of $55.66 and a 200-day simple moving average of $57.02. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 181.14, a P/E/G ratio of 7.69 and a beta of 1.11. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.07.

Pure Storage (NYSE:PSTG) last released its earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. The company had revenue of $763.77 million during the quarter, compared to analyst estimates of $756.59 million. Sell-side analysts predict that Pure Storage, Inc. will post 0.43 EPS for the current year.

About Pure Storage

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.