Veracity Capital LLC Buys 1,537 Shares of Pure Storage, Inc. (NYSE:PSTG)

Veracity Capital LLC lifted its stake in Pure Storage, Inc. (NYSE:PSTG) by 13.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,634 shares of the technology company’s stock after acquiring an additional 1,537 shares during the period. Veracity Capital LLC’s holdings in Pure Storage were worth $635,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PSTG. Wellington Management Group LLP grew its holdings in Pure Storage by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 548,430 shares of the technology company’s stock valued at $19,557,000 after buying an additional 1,893 shares during the last quarter. GAMMA Investing LLC grew its holdings in Pure Storage by 197.4% in the 1st quarter. GAMMA Investing LLC now owns 928 shares of the technology company’s stock valued at $48,000 after buying an additional 616 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Pure Storage in the 1st quarter valued at approximately $25,000. Radnor Capital Management LLC grew its holdings in Pure Storage by 4.4% in the 1st quarter. Radnor Capital Management LLC now owns 18,820 shares of the technology company’s stock valued at $978,000 after buying an additional 800 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in Pure Storage by 7.3% in the 1st quarter. Brookstone Capital Management now owns 8,627 shares of the technology company’s stock valued at $449,000 after buying an additional 584 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

PSTG has been the topic of a number of research analyst reports. UBS Group lowered their target price on Pure Storage from $47.00 to $45.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. Raymond James decreased their price objective on Pure Storage from $73.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Evercore ISI decreased their price objective on Pure Storage from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Susquehanna reissued a “positive” rating and set a $80.00 price objective on shares of Pure Storage in a report on Monday, August 26th. Finally, Stifel Nicolaus decreased their price objective on Pure Storage from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Pure Storage has a consensus rating of “Moderate Buy” and a consensus price target of $68.05.

Pure Storage Trading Up 1.0 %

PSTG stock opened at $57.07 on Friday. The company has a market cap of $18.70 billion, a P/E ratio of 142.68, a PEG ratio of 8.45 and a beta of 1.11. Pure Storage, Inc. has a twelve month low of $31.00 and a twelve month 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. The business has a fifty day moving average of $53.14 and a 200-day moving average of $56.93.

Pure Storage (NYSE:PSTG) last released its earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company 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%. As a group, equities research analysts expect that Pure Storage, Inc. will post 0.43 EPS for the current year.

Insider Transactions at Pure Storage

In other news, CAO Mona Chu sold 20,647 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $51.50, for a total transaction of $1,063,320.50. Following the completion of the sale, the chief accounting officer now owns 75,992 shares in the company, valued at $3,913,588. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 700,000 shares in the company, valued at approximately $43,232,000. This represents 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 link. Also, CAO Mona Chu sold 20,647 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $51.50, for a total value of $1,063,320.50. Following the completion of the sale, the chief accounting officer now owns 75,992 shares of the company’s stock, valued at $3,913,588. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 454,542 shares of company stock worth $24,282,030 over the last 90 days. 6.00% of the stock is owned by 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.