WoodTrust Financial Corp Acquires 13,850 Shares of Pure Storage, Inc. (NYSE:PSTG)

WoodTrust Financial Corp lifted its holdings in Pure Storage, Inc. (NYSE:PSTG) by 219.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,150 shares of the technology company’s stock after acquiring an additional 13,850 shares during the period. WoodTrust Financial Corp’s holdings in Pure Storage were worth $1,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its position in Pure Storage by 61.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock valued at $27,000 after acquiring an additional 161 shares during the last quarter. Larson Financial Group LLC grew its holdings in Pure Storage by 242.9% during the 2nd quarter. Larson Financial Group LLC now owns 432 shares of the technology company’s stock valued at $28,000 after purchasing an additional 306 shares during the last quarter. FSC Wealth Advisors LLC purchased a new stake in Pure Storage in the 2nd quarter worth about $33,000. Fidelis Capital Partners LLC purchased a new stake in Pure Storage in the 1st quarter worth about $27,000. Finally, ORG Partners LLC bought a new stake in Pure Storage in the second quarter worth about $35,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Pure Storage Stock Performance

Shares of PSTG opened at $54.06 on Thursday. Pure Storage, Inc. has a 12 month low of $31.00 and a 12 month high of $70.41. The stock has a fifty day moving average price of $51.08 and a 200-day moving average price of $56.95. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The firm has a market cap of $17.71 billion, a PE ratio of 135.15, a P/E/G ratio of 7.80 and a beta of 1.10.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. The business had revenue of $763.77 million during the quarter, compared to the consensus estimate of $756.59 million. Equities research analysts predict that Pure Storage, Inc. will post 0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PSTG shares. Susquehanna reiterated a “positive” rating and issued a $80.00 price target on shares of Pure Storage in a report on Monday, August 26th. Needham & Company LLC reduced their target price on Pure Storage from $80.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Raymond James decreased their target price on Pure Storage from $73.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Lake Street Capital reduced their price target on shares of Pure Storage from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, TD Cowen dropped their target price on shares of Pure Storage from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and an average target price of $68.05.

Insiders Place Their Bets

In related news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $57.32, for a total value of $5,732,000.00. Following the transaction, the insider now directly owns 300,000 shares of the company’s stock, valued at $17,196,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.32, for a total transaction of $5,732,000.00. Following the completion of the transaction, the insider now owns 300,000 shares of the company’s stock, valued at $17,196,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mona Chu sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $50.32, for a total transaction of $1,258,000.00. Following the transaction, the chief accounting officer now owns 96,639 shares of the company’s stock, valued at $4,862,874.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 454,542 shares of company stock valued at $24,775,030. Insiders own 6.00% of the company’s stock.

About Pure Storage

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.