DekaBank Deutsche Girozentrale Has $370,000 Holdings in Pure Storage, Inc. (NYSE:PSTG)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 84.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,522 shares of the technology company’s stock after selling 40,170 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Pure Storage were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PSTG. Sycomore Asset Management bought a new position in Pure Storage in the second quarter valued at approximately $2,259,000. State of Alaska Department of Revenue bought a new stake in shares of Pure Storage during the first quarter worth approximately $1,675,000. Texas Permanent School Fund Corp bought a new position in Pure Storage during the 1st quarter worth $13,514,000. Heritage Wealth Management Inc. acquired a new stake in Pure Storage in the 2nd quarter worth about $721,000. Finally, Cetera Investment Advisers boosted its stake in shares of Pure Storage by 284.9% in the first quarter. Cetera Investment Advisers now owns 55,801 shares of the technology company’s stock valued at $2,901,000 after buying an additional 41,305 shares during the period. Institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling

In related news, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the completion of the sale, the insider now owns 500,000 shares of the company’s stock, valued at $24,970,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Mona Chu sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $50.32, for a total value of $1,258,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 96,639 shares in the company, valued at approximately $4,862,874.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the completion of the sale, the insider now owns 500,000 shares in the company, valued at approximately $24,970,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 454,542 shares of company stock worth $24,775,030 in the last ninety days. 6.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PSTG. UBS Group decreased their price objective on shares of Pure Storage from $47.00 to $45.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. Evercore ISI lowered their target price on shares of Pure Storage from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Wedbush restated an “outperform” rating and issued a $80.00 target price on shares of Pure Storage in a research note on Monday, August 26th. Northland Securities reaffirmed a “market perform” rating and issued a $59.00 price objective (down from $68.00) on shares of Pure Storage in a research note on Thursday, August 29th. Finally, Guggenheim boosted their price target on shares of Pure Storage from $72.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.05.

Pure Storage Trading Up 1.8 %

PSTG stock opened at $50.95 on Monday. The firm’s fifty day simple moving average is $51.61 and its two-hundred day simple moving average is $56.97. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 127.38, a price-to-earnings-growth ratio of 7.85 and a beta of 1.10. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.07. Pure Storage, Inc. has a twelve month low of $31.00 and a twelve month high of $70.41.

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

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.