International Assets Investment Management LLC Purchases 104,114 Shares of Pure Storage, Inc. (NYSE:PSTG)

International Assets Investment Management LLC boosted its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 2,507.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,267 shares of the technology company’s stock after purchasing an additional 104,114 shares during the period. International Assets Investment Management LLC’s holdings in Pure Storage were worth $5,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new position in Pure Storage in the first quarter worth $27,000. Massmutual Trust Co. FSB ADV lifted its position in Pure Storage by 61.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock worth $27,000 after buying an additional 161 shares in the last quarter. Larson Financial Group LLC grew its holdings in Pure Storage by 242.9% during the 2nd quarter. Larson Financial Group LLC now owns 432 shares of the technology company’s stock worth $28,000 after acquiring an additional 306 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Pure Storage in the 3rd quarter valued at about $31,000. Finally, FSC Wealth Advisors LLC acquired a new stake in Pure Storage in the 2nd quarter valued at about $33,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In related news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.32, for a total transaction of $5,732,000.00. Following the sale, the insider now directly owns 300,000 shares in the company, valued at $17,196,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CRO Dan Fitzsimons sold 8,895 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.67, for a total transaction of $450,709.65. Following the completion of the transaction, the executive now directly owns 94,446 shares of the company’s stock, valued at $4,785,578.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $57.32, for a total transaction of $5,732,000.00. Following the completion of the sale, the insider now owns 300,000 shares in the company, valued at $17,196,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 554,542 shares of company stock worth $30,014,030 over the last quarter. 6.00% of the stock is currently owned by company insiders.

Pure Storage Stock Performance

PSTG stock opened at $50.97 on Friday. Pure Storage, Inc. has a 1-year low of $31.00 and a 1-year high of $70.41. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $16.70 billion, a PE ratio of 127.43, a P/E/G ratio of 8.37 and a beta of 1.11. The business’s 50-day moving average price is $51.61 and its two-hundred day moving average price is $56.91.

Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.10. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. The business had revenue of $763.77 million for the quarter, compared to analysts’ expectations of $756.59 million. As a group, research analysts forecast that Pure Storage, Inc. will post 0.43 earnings per share for the current year.

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.