Pure Storage, Inc. (NYSE:PSTG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500,728 shares of the technology company's stock after selling 14,437 shares during the period. California Public Employees Retirement System owned 0.16% of Pure Storage worth $17,856,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PSTG. CWM LLC boosted its holdings in shares of Pure Storage by 145.7% during the 3rd quarter. CWM LLC now owns 4,710 shares of the technology company's stock valued at $168,000 after buying an additional 2,793 shares in the last quarter. SG Americas Securities LLC grew its holdings in Pure Storage by 135.6% in the third quarter. SG Americas Securities LLC now owns 31,936 shares of the technology company's stock worth $1,138,000 after purchasing an additional 18,378 shares during the period. Simplicity Solutions LLC grew its holdings in Pure Storage by 12.5% in the third quarter. Simplicity Solutions LLC now owns 14,577 shares of the technology company's stock worth $519,000 after purchasing an additional 1,621 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Pure Storage by 27.3% during the third quarter. Commonwealth Equity Services LLC now owns 14,218 shares of the technology company's stock valued at $506,000 after purchasing an additional 3,048 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Pure Storage by 12.8% during the third quarter. Raymond James & Associates now owns 276,220 shares of the technology company's stock valued at $9,839,000 after purchasing an additional 31,333 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Pure Storage

In related news, Director Roxanne Taylor sold 36,860 shares of the firm's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $53.76, for a total value of $1,981,593.60. Following the transaction, the director now directly owns 18,883 shares of the company's stock, valued at approximately $1,015,150.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Ajay Singh sold 37,588 shares of the company's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $53.54, for a total value of $2,012,461.52. Following the completion of the transaction, the insider now owns 380,834 shares of the company's stock, valued at $20,389,852.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne Taylor sold 36,860 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $53.76, for a total transaction of $1,981,593.60. Following the sale, the director now directly owns 18,883 shares of the company's stock, valued at $1,015,150.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 286,581 shares of company stock valued at $15,266,704. Insiders own 6.50% of the company's stock.

Pure Storage Stock Performance

Shares of PSTG stock traded down $2.03 on Tuesday, reaching $50.40. The stock had a trading volume of 3,147,389 shares, compared to its average volume of 4,494,537. The stock has a market cap of $16.38 billion, a P/E ratio of 296.49, a price-to-earnings-growth ratio of 6.88 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 1.83. Pure Storage, Inc. has a 1 year low of $22.14 and a 1 year high of $58.46. The company has a 50 day simple moving average of $51.25 and a 200 day simple moving average of $42.06.

Pure Storage (NYSE:PSTG - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.10. Pure Storage had a return on equity of 12.60% and a net margin of 2.17%. The business had revenue of $789.81 million during the quarter, compared to the consensus estimate of $784.31 million. During the same period in the previous year, the company posted $0.27 EPS. The business's quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

PSTG has been the topic of several recent research reports. Evercore ISI upped their price target on Pure Storage from $41.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Bank of America increased their target price on Pure Storage from $42.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. Raymond James lowered Pure Storage from a "strong-buy" rating to an "outperform" rating and lifted their price target for the stock from $52.00 to $63.00 in a research report on Friday, April 19th. Morgan Stanley increased their price objective on shares of Pure Storage from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $50.00 target price on shares of Pure Storage in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.63.

Pure Storage Profile

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.