Quadrant Capital Group LLC Has $1.07 Million Stock Holdings in Pure Storage, Inc. $PSTG

Quadrant Capital Group LLC boosted its position in Pure Storage, Inc. (NYSE:PSTG) by 223.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 18,526 shares of the technology company’s stock after purchasing an additional 12,807 shares during the period. Quadrant Capital Group LLC’s holdings in Pure Storage were worth $1,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mechanics Financial Corp acquired a new position in Pure Storage during the second quarter worth approximately $25,000. True Wealth Design LLC boosted its stake in shares of Pure Storage by 402.8% during the 2nd quarter. True Wealth Design LLC now owns 548 shares of the technology company’s stock worth $32,000 after acquiring an additional 439 shares during the period. SouthState Corp increased its holdings in shares of Pure Storage by 474.8% during the 2nd quarter. SouthState Corp now owns 592 shares of the technology company’s stock worth $34,000 after acquiring an additional 489 shares during the last quarter. REAP Financial Group LLC increased its holdings in shares of Pure Storage by 49.0% during the 2nd quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock worth $35,000 after acquiring an additional 201 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its stake in Pure Storage by 40.0% in the 2nd quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company’s stock valued at $40,000 after acquiring an additional 200 shares during the period. Institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PSTG. Barclays lifted their price objective on shares of Pure Storage from $57.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c)” rating on shares of Pure Storage in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Pure Storage from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Wells Fargo & Company upped their price target on shares of Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Finally, UBS Group set a $110.00 price target on shares of Pure Storage in a report on Tuesday, October 21st. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and a consensus target price of $92.61.

Insider Buying and Selling

In other Pure Storage news, CAO Mona Chu sold 9,091 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $84.91, for a total transaction of $771,916.81. Following the transaction, the chief accounting officer owned 107,353 shares in the company, valued at $9,115,343.23. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $76.93, for a total value of $230,790.00. Following the completion of the transaction, the director directly owned 16,343 shares of the company’s stock, valued at $1,257,266.99. This represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 347,811 shares of company stock valued at $31,067,815 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Pure Storage Stock Performance

PSTG stock opened at $89.10 on Friday. The company’s 50-day simple moving average is $89.07 and its 200 day simple moving average is $70.70. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59. The company has a market capitalization of $29.28 billion, a PE ratio of 217.31, a price-to-earnings-growth ratio of 8.99 and a beta of 1.24.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. The business had revenue of $763.77 million during the quarter. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. On average, analysts forecast that Pure Storage, Inc. will post 0.44 EPS 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.