Stefan A. Dyckerhoff Sells 25,407 Shares of Pure Storage Inc (PSTG) Stock
Pure Storage Inc (NYSE:PSTG) major shareholder Stefan A. Dyckerhoff sold 25,407 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $17.05, for a total transaction of $433,189.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Pure Storage Inc (NYSE:PSTG) opened at $16.67 on Wednesday. Pure Storage Inc has a 12 month low of $9.12 and a 12 month high of $19.27.
Pure Storage (NYSE:PSTG) last issued its earnings results on Tuesday, November 28th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Pure Storage had a negative net margin of 22.86% and a negative return on equity of 44.86%. The business had revenue of $277.70 million for the quarter, compared to analyst estimates of $272.07 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. Pure Storage’s revenue was up 41.0% on a year-over-year basis. equities analysts anticipate that Pure Storage Inc will post -0.93 earnings per share for the current year.
A number of research firms have recently commented on PSTG. Summit Redstone raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. BidaskClub raised shares of Pure Storage from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “buy” rating on shares of Pure Storage in a research note on Wednesday, November 1st. Wells Fargo & Company began coverage on shares of Pure Storage in a research note on Tuesday, November 14th. They issued an “outperform” rating and a $22.00 price objective on the stock. Finally, Maxim Group reaffirmed a “hold” rating and issued a $20.00 price objective (up from $15.00) on shares of Pure Storage in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $18.55.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Pure Storage by 6.3% during the second quarter. BlackRock Inc. now owns 14,513,166 shares of the technology company’s stock worth $185,913,000 after buying an additional 863,990 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Pure Storage by 26.7% in the second quarter. Vanguard Group Inc. now owns 7,059,059 shares of the technology company’s stock valued at $90,427,000 after purchasing an additional 1,489,008 shares during the last quarter. FMR LLC raised its holdings in shares of Pure Storage by 10.9% in the second quarter. FMR LLC now owns 6,359,676 shares of the technology company’s stock valued at $81,467,000 after purchasing an additional 622,600 shares during the last quarter. Okumus Fund Management Ltd. raised its holdings in shares of Pure Storage by 4.1% in the third quarter. Okumus Fund Management Ltd. now owns 5,299,197 shares of the technology company’s stock valued at $84,734,000 after purchasing an additional 206,943 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Pure Storage by 5.0% in the second quarter. Franklin Resources Inc. now owns 3,097,439 shares of the technology company’s stock valued at $39,679,000 after purchasing an additional 146,411 shares during the last quarter. Hedge funds and other institutional investors own 38.46% of the company’s stock.
WARNING: “Stefan A. Dyckerhoff Sells 25,407 Shares of Pure Storage Inc (PSTG) Stock” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/stefan-a-dyckerhoff-sells-25407-shares-of-pure-storage-inc-pstg-stock/1760611.html.
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.
Receive News & Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related companies with Analyst Ratings Network's FREE daily email newsletter.