Walter & Keenan Financial Consulting Co. MI ADV increased its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 24.1% during the second quarter, Holdings Channel reports. The firm owned 82,500 shares of the technology company’s stock after buying an additional 16,000 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Pure Storage were worth $1,057,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PSTG. Wells Fargo & Company MN increased its stake in Pure Storage by 0.3% in the first quarter. Wells Fargo & Company MN now owns 57,389 shares of the technology company’s stock valued at $564,000 after buying an additional 150 shares during the period. Fox Run Management L.L.C. increased its stake in Pure Storage by 8.2% in the first quarter. Fox Run Management L.L.C. now owns 21,000 shares of the technology company’s stock valued at $206,000 after buying an additional 1,600 shares during the period. Gradient Investments LLC increased its stake in Pure Storage by 10.3% in the second quarter. Gradient Investments LLC now owns 22,710 shares of the technology company’s stock valued at $291,000 after buying an additional 2,122 shares during the period. Quantbot Technologies LP increased its stake in Pure Storage by 8.2% in the first quarter. Quantbot Technologies LP now owns 34,256 shares of the technology company’s stock valued at $336,000 after buying an additional 2,582 shares during the period. Finally, Point72 Asia Hong Kong Ltd increased its stake in Pure Storage by 34.7% in the first quarter. Point72 Asia Hong Kong Ltd now owns 13,815 shares of the technology company’s stock valued at $136,000 after buying an additional 3,557 shares during the period. 34.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Pure Storage, Inc. (NYSE:PSTG) opened at 12.65 on Thursday. The company’s 50-day moving average is $13.01 and its 200-day moving average is $11.64. The company’s market cap is $2.64 billion. Pure Storage, Inc. has a 12-month low of $9.12 and a 12-month high of $15.14.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, May 24th. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.08. Pure Storage had a negative net margin of 31.62% and a negative return on equity of 44.04%. The business had revenue of $182.60 million for the quarter, compared to the consensus estimate of $176.13 million. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Equities research analysts predict that Pure Storage, Inc. will post ($0.27) earnings per share for the current year.

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Several equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Jefferies Group LLC boosted their target price on shares of Pure Storage from $10.00 to $11.50 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Robert W. Baird reissued a “hold” rating on shares of Pure Storage in a research report on Thursday, April 13th. BMO Capital Markets reissued a “buy” rating on shares of Pure Storage in a research report on Wednesday, June 14th. Finally, JMP Securities set a $16.00 target price on shares of Pure Storage and gave the stock a “buy” rating in a research report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Pure Storage has a consensus rating of “Buy” and an average target price of $15.61.

In other Pure Storage news, Director Michelangelo Volpi sold 1,425,000 shares of Pure Storage stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $13.15, for a total transaction of $18,738,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Timothy Riitters sold 5,000 shares of Pure Storage stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $13.12, for a total transaction of $65,600.00. Following the transaction, the chief financial officer now directly owns 245,703 shares in the company, valued at approximately $3,223,623.36. The disclosure for this sale can be found here. Insiders have sold 2,312,246 shares of company stock worth $30,410,081 in the last ninety days. Insiders own 46.58% of the company’s stock.

Pure Storage Company Profile

Pure Storage, Inc provides a data platform. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.

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Institutional Ownership by Quarter for Pure Storage (NYSE:PSTG)

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