Radnor Capital Management LLC Has $978,000 Position in Pure Storage, Inc. (NYSE:PSTG)

Radnor Capital Management LLC raised its stake in Pure Storage, Inc. (NYSE:PSTG) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,820 shares of the technology company’s stock after acquiring an additional 800 shares during the period. Radnor Capital Management LLC’s holdings in Pure Storage were worth $978,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PSTG. Banque Cantonale Vaudoise bought a new stake in Pure Storage during the first quarter worth about $25,000. Rise Advisors LLC acquired a new stake in shares of Pure Storage during the 1st quarter worth approximately $48,000. GAMMA Investing LLC boosted its position in shares of Pure Storage by 197.4% during the 1st quarter. GAMMA Investing LLC now owns 928 shares of the technology company’s stock worth $48,000 after acquiring an additional 616 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Pure Storage by 1,518.6% in the first quarter. Los Angeles Capital Management LLC now owns 102,248 shares of the technology company’s stock valued at $5,316,000 after acquiring an additional 95,931 shares during the last quarter. Finally, Moody National Bank Trust Division bought a new stake in Pure Storage during the first quarter worth $373,000. 83.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Pure Storage news, Director Mallun Yen sold 4,818 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $64.78, for a total value of $312,110.04. Following the transaction, the director now directly owns 35,498 shares in the company, valued at approximately $2,299,560.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Pure Storage news, Director Mallun Yen sold 4,818 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $64.78, for a total value of $312,110.04. Following the completion of the transaction, the director now owns 35,498 shares of the company’s stock, valued at approximately $2,299,560.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Scott Dietzen sold 147,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $53.49, for a total transaction of $7,863,030.00. Following the sale, the director now owns 100,000 shares in the company, valued at approximately $5,349,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 291,399 shares of company stock worth $15,578,814. Corporate insiders own 6.00% of the company’s stock.

Pure Storage Price Performance

Pure Storage stock opened at $63.74 on Monday. The firm has a market capitalization of $20.71 billion, a P/E ratio of 230.29, a PEG ratio of 6.65 and a beta of 1.06. Pure Storage, Inc. has a one year low of $31.00 and a one year high of $70.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.96. The business has a fifty day moving average price of $58.52 and a 200-day moving average price of $48.93.

Pure Storage (NYSE:PSTG) last issued its earnings results on Wednesday, May 29th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The business had revenue of $693.48 million during the quarter, compared to the consensus estimate of $681.37 million. Pure Storage had a return on equity of 15.34% and a net margin of 3.19%. As a group, equities research analysts forecast that Pure Storage, Inc. will post 0.47 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on PSTG. Northland Securities cut Pure Storage from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $58.00 to $68.00 in a research report on Thursday, May 30th. Northland Capmk lowered shares of Pure Storage from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. KeyCorp boosted their price target on Pure Storage from $64.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Morgan Stanley downgraded Pure Storage from an “overweight” rating to an “equal weight” rating and set a $60.00 target price for the company. in a research note on Wednesday, June 12th. Finally, Raymond James lifted their price objective on shares of Pure Storage from $63.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.68.

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.