Larson Financial Group LLC Has $28,000 Holdings in Pure Storage, Inc. (NYSE:PSTG)

Larson Financial Group LLC increased its stake in Pure Storage, Inc. (NYSE:PSTG) by 242.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 432 shares of the technology company’s stock after purchasing an additional 306 shares during the quarter. Larson Financial Group LLC’s holdings in Pure Storage were worth $28,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Pure Storage by 61.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock valued at $27,000 after buying an additional 161 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Pure Storage during the 1st quarter valued at $25,000. FSC Wealth Advisors LLC acquired a new stake in Pure Storage during the 2nd quarter valued at $33,000. Fidelis Capital Partners LLC acquired a new stake in Pure Storage during the 1st quarter valued at $27,000. Finally, ORG Partners LLC acquired a new stake in Pure Storage during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling

In related news, CFO P. Kevan Krysler sold 14,296 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $63.79, for a total value of $911,941.84. Following the transaction, the chief financial officer now owns 518,623 shares in the company, valued at $33,082,961.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Pure Storage news, CFO P. Kevan Krysler sold 14,296 shares of Pure Storage stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $63.79, for a total value of $911,941.84. Following the transaction, the chief financial officer now owns 518,623 shares in the company, valued at $33,082,961.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.76, for a total value of $6,176,000.00. Following the completion of the transaction, the insider now owns 700,000 shares in the company, valued at approximately $43,232,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 324,177 shares of company stock worth $18,863,083. Company insiders own 6.00% of the company’s stock.

Pure Storage Stock Up 1.4 %

Shares of NYSE PSTG opened at $46.38 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.96 and a current ratio of 1.99. Pure Storage, Inc. has a 52 week low of $31.00 and a 52 week high of $70.41. The stock has a market capitalization of $15.08 billion, a P/E ratio of 165.64, a PEG ratio of 7.10 and a beta of 1.11. The stock’s fifty day moving average is $58.52 and its 200 day moving average is $57.02.

Analysts Set New Price Targets

Several brokerages have issued reports on PSTG. Northland Securities reaffirmed a “market perform” rating and set a $59.00 price target (down previously from $68.00) on shares of Pure Storage in a report on Thursday, August 29th. KeyCorp raised their price target on Pure Storage from $64.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Raymond James cut their price target on Pure Storage from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Northland Capmk downgraded Pure Storage from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Finally, Wedbush reissued an “outperform” rating and set a $80.00 target price on shares of Pure Storage in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Pure Storage has an average rating of “Moderate Buy” and a consensus price target of $66.95.

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.