Ameriprise Financial Inc. boosted its stake in Pure Storage, Inc.
Alliancebernstein L.p. augmented its ownership by buying 61,600 shares an increase of 62.6%.
Teachers Advisors, LLC reports that it bought 295,073 shares in the previous quarter increasing its exposure to Pure Storage, Inc. The transaction related to this sale was declared in a transaction filed with the securities and exchange commission, which is available through the Security and Exchange Commission website. (NYSE:PSTG) traded up 1.04% during midday trading on Friday, reaching $12.67. Vanguard Group Inc. increased its position in shares of Pure Storage by 21.8% in the first quarter. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.08. 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. Two financial stock experts recommended the company shares with a sell recommendation, eight have published a hold recommendation, sixteen have published a buy recommendation and 1 has given a strong buy recommendation to the firms shares. 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.
Another recent and important Pure Storage Inc (NYSE:PSTG) news was published by Prnewswire.com which published an article titled: "Pure Storage in Gartner Magic Quadrant for Fourth Consecutive Year" on August 01, 2017. Pure Storage has a average recommendation of "Buy" and a consensus price objective of $15.61.
Other hedge funds have also recently bought and sold shares of the company. Company's 50 day SMA is $13.01 and its 200 day SMA is $11.64. The value of the investment in Pure Storage, Inc.
Headlines about Pure Storage (NYSE:PSTG) have trended positive on Friday, Accern Sentiment reports. Boosts Position in Pure Storage, Inc. The company had revenue of $182.60 million during the quarter, compared to analyst estimates of $176.13 million. Pure Storage had a negative return on equity of 44.04% and a negative net margin of 31.62%. Next quarter's EPS is forecasted at $-0.04 and the next full year EPS is projected to be $0.01. On average, equities analysts predict that Pure Storage, Inc. will post ($0.27) earnings per share for the current fiscal year. "(PSTG)" was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece on another publication, it was stolen and republished in violation of USA & global copyright and trademark law.
Several analysts have recently issued reports on the stock. Insiders own 46.58% of the company's stock. BMO Capital Markets upped their target price on shares of Pure Storage from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 25th. Following the completion of the transaction, the chief financial officer now directly owns 245,703 shares of the company's stock, valued at $3,223,623.36. William Blair reiterated a "buy" rating on shares of Pure Storage in a research note on Friday, April 14th. Finally, JMP Securities set a $16.00 target price on Pure Storage and gave the stock a "buy" rating in a research note on Friday, May 26th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $13.00 target price (up previously from $12.00) on shares of Pure Storage in a research note on Wednesday, June 14th. First Trust Advisors bought a new stake in stocks of Pure Storage during the Q1 assessed at roughly $135,000. The shares were sold at an average price of $13.12, for a total value of $65,600.00. 2,367,489 shares of the company traded hands. Also, Director Michelangelo Volpi sold 35,673 shares of the firm's stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $12.81, for a total transaction of $131,276.88.
In other news, CFO Timothy Riitters sold 10,248 shares of the company's stock in a transaction that occurred on Thursday, July 6th. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The disclosure for this sale can be found here. The Firm is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling clients to put data to work for their businesses.
Renaissance Technologies raised its position in Pure Storage by 480.2% in the Q1. The Company's data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.