Morgan Stanley raised its position in shares of Pure Storage, Inc.
Alliancebernstein L.p. grew its ownership by buying 61,600 shares an increase of 62.6% in the quarter. Teachers Advisors LLC boosted its stake in shares of Pure Storage by 538.1% in the first quarter. (NYSE:PSTG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Wells Fargo & Company MN increased its stake in Pure Storage by 0.3% in the first quarter. UBS Asset Management Americas Inc. now owns 26,500 shares of the technology company's stock valued at $260,000 after buying an additional 9,100 shares during the last quarter. The company's market cap is $2.62 billion. Glynn Capital Management LLC now owns 2,261,227 shares of the technology company's stock valued at $22,228,000 after buying an additional 298,912 shares during the last quarter. Thompson Investment Management Inc. now owns 19,875 shares of the technology company's stock valued at $195,000 after buying an additional 5,725 shares during the last quarter. Vanguard Group Inc. now owns 5,570,051 shares of the technology company's stock valued at $54,753,000 after buying an additional 997,067 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Pure Storage during the fourth quarter valued at $2,503,000. Pure Storage has a average recommendation of "Buy" and a consensus price objective of $15.61. Shares last traded at $12.54 which is slightly below the 50 day moving average of $13.01 and significantly above the 200 day moving average of $11.64. Analysts expect that Pure Storage, Inc. will post ($0.27) earnings per share for the current year.
Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Wednesday, May 24th. Pure Storage earned a daily sentiment score of 0.26 on Accern's scale. The firm had revenue of $182.60 million during the quarter, compared to analyst estimates of $176.13 million. Pure Storage had a negative return on equity of 44.04% and a negative net margin of 31.62%. During the same period in the previous year, the firm earned ($0.22) EPS. "MI ADV" was posted by BBNS and is owned by of BBNS.
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TRADEMARK VIOLATION WARNING: This article was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & worldwide copyright and trademark laws. The correct version of this article can be viewed at https://baseballnewssource.com/markets/pure-storage-inc-pstg-shares-bought-by-walter-keenan-financial-consulting-co-mi-adv/1428411.html. Institutional investors own 34.45% of the company's stock. Jefferies Group LLC boosted their target price on shares of Pure Storage from $10.00 to $11.50 and gave the stock a "hold" rating in a research report on Thursday, May 25th. BidaskClub downgraded shares of Pure Storage from a "buy" rating to a "hold" rating in a research note on Saturday, June 10th. BMO Capital Markets reissued a "buy" rating on shares of Pure Storage in a research report on Wednesday, June 14th. Finally, Pacific Crest reaffirmed an "overweight" rating and issued a $17.00 target price on shares of Pure Storage in a research note on Friday, June 16th. Robert W. Baird reiterated a "hold" rating on shares of Pure Storage in a research report on Thursday, April 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. The stock has an average rating of "Buy" and an average price target of $15.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The shares were sold at an average price of $13.12, for a total transaction of $65,600.00. Also, Director Michelangelo Volpi unloaded 35,673 stocks of Pure Storage shares in a trade on Early Thur, Jun 22nd. The shares were sold at an average price of $13.15, for a total transaction of $18,738,750.00. The disclosure for this sale can be found here. Accern also gave media coverage about the technology company an impact score of 45.2467909052157 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. 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.