Pure Storage, Inc. (NYSE:PSTG) Shares Purchased by WoodTrust Financial Corp

WoodTrust Financial Corp lifted its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 219.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,150 shares of the technology company's stock after buying an additional 13,850 shares during the period. WoodTrust Financial Corp's holdings in Pure Storage were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Pure Storage by 56.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company's stock valued at $237,345,000 after purchasing an additional 1,327,873 shares during the last quarter. Vanguard Group Inc. increased its holdings in Pure Storage by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 31,789,480 shares of the technology company's stock valued at $1,652,735,000 after purchasing an additional 495,183 shares during the last quarter. American International Group Inc. increased its holdings in Pure Storage by 9,131.0% in the 1st quarter. American International Group Inc. now owns 394,996 shares of the technology company's stock valued at $20,536,000 after purchasing an additional 390,717 shares during the last quarter. AQR Capital Management LLC boosted its position in Pure Storage by 52.0% in the 2nd quarter. AQR Capital Management LLC now owns 917,804 shares of the technology company's stock valued at $58,932,000 after buying an additional 314,164 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Pure Storage in the second quarter worth $19,278,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.94, for a total value of $4,994,000.00. Following the transaction, the insider now directly owns 500,000 shares in the company, valued at approximately $24,970,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Pure Storage news, CAO Mona Chu sold 20,647 shares of Pure Storage stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $51.50, for a total value of $1,063,320.50. Following the sale, the chief accounting officer now owns 75,992 shares of the company's stock, valued at approximately $3,913,588. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.94, for a total value of $4,994,000.00. Following the transaction, the insider now directly owns 500,000 shares of the company's stock, valued at approximately $24,970,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 454,542 shares of company stock worth $24,775,030. 6.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on PSTG shares. Citigroup dropped their price target on shares of Pure Storage from $75.00 to $67.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Lake Street Capital dropped their price target on shares of Pure Storage from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Evercore ISI dropped their price target on shares of Pure Storage from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Raymond James dropped their price target on shares of Pure Storage from $73.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Finally, Northland Securities restated a "market perform" rating and issued a $59.00 price target (down previously from $68.00) on shares of Pure Storage in a research note 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, Pure Storage currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.05.

Pure Storage Stock Down 0.0 %

NYSE:PSTG traded down $0.02 during midday trading on Thursday, hitting $54.05. 747,248 shares of the company were exchanged, compared to its average volume of 3,663,897. The company has a fifty day simple moving average of $51.08 and a 200 day simple moving average of $56.95. 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 current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $17.71 billion, a PE ratio of 135.15, a price-to-earnings-growth ratio of 7.80 and a beta of 1.10.

Pure Storage (NYSE:PSTG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.10. The company had revenue of $763.77 million for the quarter, compared to analyst estimates of $756.59 million. Pure Storage had a net margin of 4.53% and a return on equity of 17.41%. As a group, equities analysts anticipate that Pure Storage, Inc. will post 0.43 earnings per share for the current fiscal year.

Pure Storage 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.