Leibman Financial Services Inc. Has $2.05 Million Stock Holdings in Pure Storage, Inc. (NYSE:PSTG)

Leibman Financial Services Inc. decreased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,849 shares of the technology company’s stock after selling 901 shares during the quarter. Leibman Financial Services Inc.’s holdings in Pure Storage were worth $2,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PSTG. Prudential PLC acquired a new position in shares of Pure Storage during the 4th quarter worth approximately $413,000. Connectus Wealth LLC bought a new stake in Pure Storage during the 4th quarter worth approximately $514,000. Frontier Capital Management Co. LLC increased its holdings in Pure Storage by 835.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,078,454 shares of the technology company’s stock valued at $38,458,000 after purchasing an additional 963,140 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Pure Storage in the 4th quarter worth approximately $5,020,000. Finally, Bullseye Asset Management LLC boosted its position in Pure Storage by 2.2% during the fourth quarter. Bullseye Asset Management LLC now owns 90,993 shares of the technology company’s stock valued at $3,245,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Pure Storage Trading Up 2.3 %

Shares of PSTG stock opened at $52.51 on Wednesday. Pure Storage, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $70.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.96 and a current ratio of 1.99. The stock’s fifty day moving average is $53.41 and its two-hundred day moving average is $56.85. The firm has a market capitalization of $17.08 billion, a P/E ratio of 187.54, a PEG ratio of 7.83 and a beta of 1.11.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. Pure Storage had a net margin of 4.53% and a return on equity of 17.41%. The firm had revenue of $763.77 million for the quarter, compared to the consensus estimate of $756.59 million. Research analysts expect that Pure Storage, Inc. will post 0.43 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Mona Chu sold 25,000 shares of Pure Storage stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $50.32, for a total transaction of $1,258,000.00. Following the transaction, the chief accounting officer now owns 96,639 shares in the company, valued at approximately $4,862,874.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $59.50, for a total value of $5,950,000.00. Following the completion of the transaction, the insider now directly owns 900,000 shares in the company, valued at approximately $53,550,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mona Chu sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $50.32, for a total value of $1,258,000.00. Following the sale, the chief accounting officer now directly owns 96,639 shares of the company’s stock, valued at approximately $4,862,874.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 543,776 shares of company stock worth $29,754,851 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PSTG shares. Guggenheim reissued a “buy” rating and set a $72.00 price objective on shares of Pure Storage in a research report on Tuesday, June 25th. Needham & Company LLC cut their price target on shares of Pure Storage from $80.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Morgan Stanley downgraded Pure Storage from an “overweight” rating to an “equal weight” rating and set a $60.00 target price for the company. in a research report on Wednesday, June 12th. Raymond James cut their price objective on shares of Pure Storage from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Northland Securities reissued a “market perform” rating and issued a $59.00 price target (down from $68.00) on shares of Pure Storage in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.95.

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.