Pure Storage, Inc. (NYSE:PSTG – Get Free Report) Director Scott Dietzen sold 147,000 shares of the company’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 completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at $5,349,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Pure Storage Stock Down 1.9 %
Pure Storage stock opened at $52.32 on Thursday. The company has a 50-day simple moving average of $49.77 and a 200-day simple moving average of $41.00. The firm has a market capitalization of $17.00 billion, a P/E ratio of 307.78, a P/E/G ratio of 6.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 1.83. Pure Storage, Inc. has a one year low of $22.14 and a one year high of $58.46.
Pure Storage (NYSE:PSTG – Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.17 by $0.10. The business had revenue of $789.81 million during the quarter, compared to analyst estimates of $784.31 million. Pure Storage had a net margin of 2.17% and a return on equity of 12.60%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. As a group, equities analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on PSTG
Hedge Funds Weigh In On Pure Storage
Several institutional investors have recently modified their holdings of PSTG. Cambridge Investment Research Advisors Inc. grew its position in shares of Pure Storage by 121.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,660 shares of the technology company’s stock worth $765,000 after acquiring an additional 11,891 shares during the last quarter. Private Advisor Group LLC bought a new position in Pure Storage in the 1st quarter valued at about $233,000. MetLife Investment Management LLC bought a new position in Pure Storage in the 1st quarter valued at about $596,000. Synovus Financial Corp grew its position in Pure Storage by 1.7% in the 1st quarter. Synovus Financial Corp now owns 43,894 shares of the technology company’s stock valued at $1,547,000 after buying an additional 744 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Pure Storage by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,035,914 shares of the technology company’s stock valued at $36,582,000 after buying an additional 6,756 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.
About Pure Storage
Pure Storage, Inc, together with its subsidiaries, provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.
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