OneDigital Investment Advisors LLC Purchases 316 Shares of Pure Storage, Inc. (NYSE:PSTG)

OneDigital Investment Advisors LLC increased its stake in Pure Storage, Inc. (NYSE:PSTG) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,365 shares of the technology company’s stock after buying an additional 316 shares during the period. OneDigital Investment Advisors LLC’s holdings in Pure Storage were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSTG. Massmutual Trust Co. FSB ADV raised 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 valued at $27,000 after purchasing an additional 161 shares in the last quarter. Larson Financial Group LLC lifted its stake in Pure Storage by 242.9% in the second 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 period. ORG Wealth Partners LLC bought a new position in Pure Storage during the 3rd quarter worth about $31,000. FSC Wealth Advisors LLC purchased a new position in Pure Storage during the 2nd quarter valued at about $33,000. Finally, City State Bank raised its holdings in shares of Pure Storage by 175.0% in the 2nd quarter. City State Bank now owns 550 shares of the technology company’s stock valued at $35,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Pure Storage Trading Up 0.8 %

Shares of NYSE:PSTG opened at $49.90 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. Pure Storage, Inc. has a 12-month low of $31.00 and a 12-month high of $70.41. The business has a 50 day moving average of $51.47 and a two-hundred day moving average of $56.95. The company has a market capitalization of $16.35 billion, a PE ratio of 123.55, a PEG ratio of 6.54 and a beta of 1.10.

Pure Storage (NYSE:PSTG) last posted its earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.10. The firm had revenue of $763.77 million during the quarter, compared to analysts’ expectations 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 forecast that Pure Storage, Inc. will post 0.42 EPS for the current year.

Insider Activity

In other Pure Storage news, CAO Mona Chu sold 20,647 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $51.50, for a total transaction of $1,063,320.50. Following the transaction, the chief accounting officer now directly owns 75,992 shares of the company’s stock, valued at $3,913,588. This trade represents a 21.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was 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 of the company’s stock, valued at $17,196,000. This represents a 25.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 354,542 shares of company stock worth $18,599,030 in the last ninety days. Company insiders own 6.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Pure Storage from $67.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday. William Blair reiterated an “outperform” rating on shares of Pure Storage in a report on Thursday, November 14th. Raymond James decreased their price objective on Pure Storage from $73.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. TD Cowen cut their target price 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. Finally, Oppenheimer initiated coverage on shares of Pure Storage in a research report on Wednesday, November 13th. They set an “outperform” rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pure Storage has a consensus rating of “Moderate Buy” and an average price target of $67.95.

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.