Leibman Financial Services Inc. Has $1.59 Million Stock Position in Pure Storage, Inc. $PSTG

Leibman Financial Services Inc. decreased its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 50.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,952 shares of the technology company’s stock after selling 19,425 shares during the quarter. Leibman Financial Services Inc.’s holdings in Pure Storage were worth $1,588,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Pure Storage by 0.9% during the second quarter. Vanguard Group Inc. now owns 33,268,006 shares of the technology company’s stock worth $1,915,572,000 after purchasing an additional 308,738 shares during the period. Geode Capital Management LLC grew its position in shares of Pure Storage by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,273,696 shares of the technology company’s stock valued at $417,830,000 after purchasing an additional 123,320 shares in the last quarter. William Blair Investment Management LLC grew its stake in Pure Storage by 112.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock worth $283,687,000 after buying an additional 2,612,300 shares in the last quarter. Norges Bank bought a new position in shares of Pure Storage during the 2nd quarter valued at $225,203,000. Finally, Atreides Management LP purchased a new position in Pure Storage during the 2nd quarter valued at about $204,552,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Pure Storage Stock Down 1.3%

Shares of Pure Storage stock opened at $68.37 on Tuesday. 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 $22.57 billion, a P/E ratio of 179.92, a P/E/G ratio of 7.69 and a beta of 1.28. The company has a 50 day moving average of $81.94 and a 200 day moving average of $73.25.

Pure Storage (NYSE:PSTG) last announced its earnings results on Tuesday, September 9th. The technology company reported $0.44 EPS for the quarter. The business had revenue of $763.77 million during the quarter. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%. As a group, research analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PSTG has been the topic of several analyst reports. Northland Securities set a $77.00 price objective on Pure Storage in a research report on Wednesday, December 3rd. Oppenheimer initiated coverage on Pure Storage in a research report on Monday, November 17th. They set an “outperform” rating and a $120.00 target price for the company. Wedbush boosted their price objective on Pure Storage from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pure Storage in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $83.00 price target on Pure Storage in a research note on Wednesday, December 3rd. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pure Storage presently has a consensus rating of “Moderate Buy” and an average target price of $95.26.

Insider Transactions at Pure Storage

In other Pure Storage news, CAO Mona Chu sold 9,091 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $84.91, for a total value of $771,916.81. Following the transaction, the chief accounting officer owned 107,353 shares of the company’s stock, valued at approximately $9,115,343.23. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajay Singh sold 7,178 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the completion of the transaction, the insider owned 215,091 shares in the company, valued at $14,441,209.74. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 316,269 shares of company stock valued at $26,792,848 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Pure Storage Company Profile

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.