Vontobel Holding Ltd. Purchases 3,128 Shares of Pure Storage, Inc. (NYSE:PSTG)

Vontobel Holding Ltd. boosted its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 137,252 shares of the technology company’s stock after acquiring an additional 3,128 shares during the period. Vontobel Holding Ltd.’s holdings in Pure Storage were worth $4,894,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC bought a new stake in shares of Pure Storage in the 3rd quarter valued at approximately $28,000. Parkside Financial Bank & Trust purchased a new position in shares of Pure Storage in the 1st quarter valued at $33,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Pure Storage in the 4th quarter valued at $45,000. Quarry LP increased its holdings in shares of Pure Storage by 51.7% in the 1st quarter. Quarry LP now owns 1,784 shares of the technology company’s stock valued at $46,000 after acquiring an additional 608 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in shares of Pure Storage in the 1st quarter valued at $47,000. 83.42% of the stock is owned by institutional investors.

Pure Storage Price Performance

Shares of Pure Storage stock opened at $52.32 on Thursday. The company has a quick ratio of 1.80, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. Pure Storage, Inc. has a twelve month low of $22.14 and a twelve month high of $58.46. The business has a 50-day moving average price of $49.77 and a 200 day moving average price of $41.00. The firm has a market cap of $17.00 billion, a PE ratio of 307.78, a P/E/G ratio of 6.92 and a beta of 1.15.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.10. Pure Storage had a return on equity of 12.60% and a net margin of 2.17%. The firm had revenue of $789.81 million during the quarter, compared to analyst estimates of $784.31 million. During the same quarter in the previous year, the business earned $0.27 EPS. Pure Storage’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PSTG. Citigroup began coverage on Pure Storage in a report on Friday, March 15th. They issued a “buy” rating and a $65.00 price target on the stock. Barclays raised their price objective on Pure Storage from $42.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. UBS Group raised their price objective on Pure Storage from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Susquehanna raised their price objective on Pure Storage from $45.00 to $65.00 and gave the stock a “positive” rating in a research report on Thursday, April 11th. Finally, Evercore ISI raised their price objective on Pure Storage from $41.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and an average price target of $50.53.

Insider Activity at Pure Storage

In other Pure Storage news, Director Roxanne Taylor sold 36,860 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $53.76, for a total transaction of $1,981,593.60. Following the completion of the sale, the director now directly owns 18,883 shares in the company, valued at approximately $1,015,150.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Pure Storage news, Director Andrew William Fraser Brown sold 20,564 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $52.31, for a total transaction of $1,075,702.84. Following the completion of the sale, the director now directly owns 24,400 shares in the company, valued at approximately $1,276,364. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roxanne Taylor sold 36,860 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $53.76, for a total value of $1,981,593.60. Following the sale, the director now owns 18,883 shares of the company’s stock, valued at $1,015,150.08. The disclosure for this sale can be found here. Insiders sold a total of 242,012 shares of company stock worth $12,932,788 in the last 90 days. Corporate insiders own 6.50% of the company’s stock.

Pure Storage Company Profile

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.