Pure Storage, Inc. (NYSE:PSTG) Shares Bought by JB Capital LLC

JB Capital LLC lifted its position in Pure Storage, Inc. (NYSE:PSTG) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,140 shares of the technology company’s stock after acquiring an additional 1,718 shares during the period. JB Capital LLC’s holdings in Pure Storage were worth $1,313,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Pure Storage by 56.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company’s stock valued at $237,345,000 after buying an additional 1,327,873 shares during the period. Vanguard Group Inc. boosted its stake in shares of Pure Storage by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 31,789,480 shares of the technology company’s stock valued at $1,652,735,000 after purchasing an additional 495,183 shares in the last quarter. American International Group Inc. boosted its stake in shares of Pure Storage by 9,131.0% in the 1st quarter. American International Group Inc. now owns 394,996 shares of the technology company’s stock valued at $20,536,000 after purchasing an additional 390,717 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Pure Storage by 52.0% in the 2nd quarter. AQR Capital Management LLC now owns 917,804 shares of the technology company’s stock valued at $58,932,000 after purchasing an additional 314,164 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Pure Storage in the 2nd quarter valued at $19,278,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pure Storage

In other news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now owns 300,000 shares of the company’s stock, valued at approximately $17,196,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 300,000 shares in the company, valued at approximately $17,196,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 454,542 shares of company stock valued at $24,775,030. Corporate insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

PSTG has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Pure Storage from $47.00 to $45.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. Needham & Company LLC reduced their target price on shares of Pure Storage from $80.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus reduced their price target on shares of Pure Storage from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. Raymond James reduced their price target on shares of Pure Storage from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Susquehanna reiterated a “positive” rating and set a $80.00 price target on shares of Pure Storage in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.05.

Pure Storage Stock Performance

PSTG traded up $0.08 during trading on Thursday, hitting $54.15. The stock had a trading volume of 231,933 shares, compared to its average volume of 3,661,512. Pure Storage, Inc. has a one year low of $31.00 and a one year high of $70.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.99 and a quick ratio of 1.96. The company has a 50 day moving average price of $51.08 and a 200-day moving average price of $56.95. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of 135.15, a P/E/G ratio of 7.80 and a beta of 1.10.

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

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.