Pure Storage, Inc. (NYSE:PSTG) Shares Sold by Epic Trust Investment Advisors LLC

Epic Trust Investment Advisors LLC reduced its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,604 shares of the technology company’s stock after selling 273 shares during the quarter. Epic Trust Investment Advisors LLC’s holdings in Pure Storage were worth $235,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sei Investments Co. raised its stake in shares of Pure Storage by 19.7% during the third quarter. Sei Investments Co. now owns 464,256 shares of the technology company’s stock valued at $16,537,000 after purchasing an additional 76,421 shares during the period. William Blair Investment Management LLC boosted its position in Pure Storage by 11.4% in the 3rd quarter. William Blair Investment Management LLC now owns 687,600 shares of the technology company’s stock valued at $24,492,000 after buying an additional 70,620 shares during the last quarter. Weil Company Inc. purchased a new stake in shares of Pure Storage during the third quarter worth about $433,000. Sequoia Financial Advisors LLC acquired a new position in shares of Pure Storage in the fourth quarter worth about $514,000. Finally, Mackenzie Financial Corp grew its stake in Pure Storage by 13.2% during the 4th quarter. Mackenzie Financial Corp now owns 533,530 shares of the technology company’s stock valued at $19,026,000 after purchasing an additional 62,274 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their target price on Pure Storage from $41.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. KeyCorp raised their target price on Pure Storage from $51.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Barclays lifted their price objective on shares of Pure Storage from $42.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Citigroup began coverage on shares of Pure Storage in a report on Friday, March 15th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $66.00 target price on shares of Pure Storage in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Pure Storage has an average rating of “Moderate Buy” and a consensus price target of $51.63.

Pure Storage Price Performance

PSTG stock traded down $1.94 during trading on Tuesday, hitting $50.49. The company had a trading volume of 2,368,248 shares, compared to its average volume of 4,478,514. The company has a market cap of $16.40 billion, a P/E ratio of 301.55, a P/E/G ratio of 6.88 and a beta of 1.15. The company has a fifty day moving average price of $51.05 and a two-hundred day moving average price of $41.95. Pure Storage, Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $58.46. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. Pure Storage had a return on equity of 12.60% and a net margin of 2.17%. The firm had revenue of $789.81 million during the quarter, compared to the consensus estimate of $784.31 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Transactions at Pure Storage

In other Pure Storage news, Director Roxanne Taylor sold 36,860 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $53.76, for a total value of $1,981,593.60. Following the completion of the transaction, the director now directly owns 18,883 shares of the company’s stock, valued at $1,015,150.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Roxanne Taylor sold 36,860 shares of Pure Storage stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $53.76, for a total value of $1,981,593.60. Following the sale, the director now directly owns 18,883 shares in the company, valued at $1,015,150.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Dietzen sold 147,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $53.49, for a total value of $7,863,030.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at $5,349,000. The disclosure for this sale can be found here. Insiders have sold a total of 286,581 shares of company stock valued at $15,266,704 over the last three months. 6.50% of the stock is currently owned by corporate insiders.

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.