Chicago Equity Partners LLC boosted its holdings in shares of Pure Storage Inc (NYSE:PSTG) by 185.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 179,155 shares of the technology company’s stock after acquiring an additional 116,315 shares during the quarter. Chicago Equity Partners LLC owned 0.08% of Pure Storage worth $2,841,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its holdings in shares of Pure Storage by 38.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company’s stock valued at $105,000 after buying an additional 2,284 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Pure Storage in the 4th quarter valued at approximately $162,000. Great West Life Assurance Co. Can raised its stake in shares of Pure Storage by 151.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 11,310 shares of the technology company’s stock valued at $180,000 after acquiring an additional 6,810 shares in the last quarter. Invictus RG bought a new position in shares of Pure Storage in the 3rd quarter valued at approximately $187,000. Finally, Amalgamated Bank bought a new position in shares of Pure Storage in the 2nd quarter valued at approximately $151,000. Hedge funds and other institutional investors own 39.56% of the company’s stock.
In other news, President David Hatfield sold 130,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $18.05, for a total transaction of $2,346,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Colgrove sold 2,167 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $16.50, for a total value of $35,755.50. The disclosure for this sale can be found here. Insiders have sold 877,362 shares of company stock valued at $15,556,864 over the last ninety days. 41.47% of the stock is owned by insiders.
Pure Storage Inc (NYSE:PSTG) traded up $0.21 during midday trading on Monday, reaching $19.47. The company had a trading volume of 573,407 shares, compared to its average volume of 2,272,675. Pure Storage Inc has a fifty-two week low of $9.12 and a fifty-two week high of $21.23.
Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Tuesday, November 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. Pure Storage had a negative return on equity of 44.96% and a negative net margin of 22.86%. The company had revenue of $277.70 million during the quarter, compared to the consensus estimate of $272.07 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The company’s revenue for the quarter was up 41.0% compared to the same quarter last year. equities analysts expect that Pure Storage Inc will post -0.93 EPS for the current fiscal year.
Several brokerages have commented on PSTG. BidaskClub raised Pure Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. KeyCorp restated a “buy” rating on shares of Pure Storage in a research report on Wednesday, November 1st. Wells Fargo & Co initiated coverage on Pure Storage in a research report on Tuesday, November 14th. They set an “outperform” rating and a $22.00 price objective on the stock. Vetr cut Pure Storage from a “strong-buy” rating to a “buy” rating and set a $21.96 price objective on the stock. in a research report on Monday, January 29th. Finally, Oppenheimer restated a “buy” rating and set a $21.00 price objective on shares of Pure Storage in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Pure Storage currently has an average rating of “Buy” and a consensus price target of $19.18.
About Pure Storage
Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.
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