Impact Partnership Wealth LLC Purchases New Shares in Pure Storage, Inc. (NYSE:PSTG)

Impact Partnership Wealth LLC purchased a new stake in Pure Storage, Inc. (NYSE:PSTG) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,264 shares of the technology company’s stock, valued at approximately $365,000.

Several other large investors have also added to or reduced their stakes in PSTG. Massmutual Trust Co. FSB ADV lifted its position in Pure Storage by 61.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock valued at $27,000 after buying an additional 161 shares during the period. Harbour Investments Inc. lifted its position in Pure Storage by 3.0% during the second quarter. Harbour Investments Inc. now owns 6,912 shares of the technology company’s stock valued at $444,000 after buying an additional 202 shares during the period. Michael S. Ryan Inc. lifted its position in Pure Storage by 4.8% during the second quarter. Michael S. Ryan Inc. now owns 4,542 shares of the technology company’s stock valued at $292,000 after buying an additional 208 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Pure Storage by 3.2% during the second quarter. Bank Pictet & Cie Europe AG now owns 7,202 shares of the technology company’s stock valued at $462,000 after buying an additional 223 shares during the period. Finally, Hanseatic Management Services Inc. lifted its position in Pure Storage by 2.4% during the second quarter. Hanseatic Management Services Inc. now owns 12,579 shares of the technology company’s stock valued at $808,000 after buying an additional 296 shares during the period. Institutional investors own 83.42% of the company’s stock.

Insider Activity at Pure Storage

In related news, CAO Mona Chu sold 25,000 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 96,639 shares in the company, valued at approximately $4,862,874.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Mona Chu sold 25,000 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 96,639 shares in the company, valued at approximately $4,862,874.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $61.76, for a total value of $6,176,000.00. Following the completion of the transaction, the insider now owns 700,000 shares of the company’s stock, valued at $43,232,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 554,542 shares of company stock worth $30,014,030. 6.00% of the stock is owned by company insiders.

Pure Storage Trading Up 2.0 %

Pure Storage stock opened at $53.45 on Friday. The business has a 50-day simple moving average of $52.86 and a two-hundred day simple moving average of $56.95. The company has a market cap of $17.52 billion, a P/E ratio of 133.63, a P/E/G ratio of 8.31 and a beta of 1.11. Pure Storage, Inc. has a 52-week low of $31.00 and a 52-week high of $70.41. 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 quarterly 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. The business had revenue of $763.77 million during the quarter, compared to the consensus estimate of $756.59 million. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. Analysts predict that Pure Storage, Inc. will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore ISI lowered their price target on Pure Storage from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. UBS Group lowered their price target on Pure Storage from $47.00 to $45.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. TD Cowen lowered their price target on Pure Storage from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Citigroup lowered their price target on Pure Storage from $75.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Needham & Company LLC lowered their price target on Pure Storage from $80.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.05.

Pure Storage Company Profile

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.