Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Pure Storage, Inc. $PSTG

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Pure Storage, Inc. (NYSE:PSTG) by 11.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 173,130 shares of the technology company’s stock after acquiring an additional 18,256 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Pure Storage were worth $14,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Chicago Partners Investment Group LLC grew its position in Pure Storage by 40.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,070 shares of the technology company’s stock valued at $425,000 after buying an additional 1,465 shares during the last quarter. Dynasty Wealth Management LLC purchased a new position in Pure Storage during the 3rd quarter worth $247,000. Americana Partners LLC purchased a new stake in shares of Pure Storage in the third quarter valued at about $234,000. Allstate Corp purchased a new stake in shares of Pure Storage in the third quarter valued at about $962,000. Finally, NorthCrest Asset Manangement LLC acquired a new position in shares of Pure Storage during the third quarter worth about $299,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity

In other Pure Storage news, insider Ajay Singh sold 7,178 shares of Pure Storage stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total transaction of $481,930.92. Following the completion of the transaction, the insider owned 215,091 shares in the company, valued at approximately $14,441,209.74. The trade was a 3.23% 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, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $71.31, for a total transaction of $7,131,000.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 207,178 shares of company stock valued at $16,771,931 over the last 90 days. 5.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on PSTG shares. Wedbush raised their price objective on shares of Pure Storage from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Wall Street Zen cut Pure Storage from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley set a $83.00 price objective on Pure Storage in a report on Wednesday, December 3rd. Northland Securities set a $77.00 target price on Pure Storage in a report on Wednesday, December 3rd. Finally, TD Cowen restated a “buy” rating on shares of Pure Storage in a research report on Wednesday, December 3rd. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Pure Storage presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.26.

Pure Storage Stock Performance

Shares of PSTG stock opened at $69.79 on Friday. The stock has a fifty day moving average price of $73.33 and a 200 day moving average price of $75.05. The stock has a market cap of $23.04 billion, a PE ratio of 183.65, a P/E/G ratio of 7.93 and a beta of 1.26. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $100.59.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. The business had revenue of $763.77 million during the quarter. Pure Storage had a return on equity of 10.60% and a net margin of 3.74%. As a group, equities research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Pure Storage Profile

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.