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.

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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.

Insider Buying and Selling by Quarter for Pure Storage (NYSE:PSTG)

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