Picton Mahoney Asset Management Has $6.41 Million Stake in Pure Storage, Inc. (NYSE:PSTG)

Picton Mahoney Asset Management reduced its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,753 shares of the technology company's stock after selling 27,452 shares during the period. Picton Mahoney Asset Management owned approximately 0.06% of Pure Storage worth $6,410,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PSTG. First Horizon Advisors Inc. grew its position in shares of Pure Storage by 53.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,380 shares of the technology company's stock valued at $49,000 after acquiring an additional 480 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Pure Storage by 6.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,313 shares of the technology company's stock valued at $296,000 after acquiring an additional 532 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Pure Storage by 5.5% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 10,331 shares of the technology company's stock worth $368,000 after acquiring an additional 535 shares in the last quarter. Mariner LLC boosted its holdings in Pure Storage by 2.9% in the third quarter. Mariner LLC now owns 19,548 shares of the technology company's stock worth $696,000 after acquiring an additional 553 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Pure Storage by 20.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,681 shares of the technology company's stock valued at $133,000 after buying an additional 630 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Pure Storage news, CFO P. Kevan Krysler sold 15,286 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $52.80, for a total value of $807,100.80. Following the completion of the sale, the chief financial officer now owns 507,824 shares in the company, valued at approximately $26,813,107.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO P. Kevan Krysler sold 15,286 shares of Pure Storage stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $52.80, for a total value of $807,100.80. Following the completion of the transaction, the chief financial officer now owns 507,824 shares in the company, valued at $26,813,107.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew William Fraser Brown sold 20,564 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $52.31, for a total value of $1,075,702.84. Following the completion of the sale, the director now directly owns 24,400 shares of the company's stock, valued at $1,276,364. The disclosure for this sale can be found here. Insiders have sold 286,581 shares of company stock valued at $15,266,704 in the last ninety days. 6.50% of the stock is currently owned by company insiders.

Pure Storage Stock Up 0.5 %

Shares of PSTG stock traded up $0.27 on Wednesday, hitting $53.45. The stock had a trading volume of 1,492,040 shares, compared to its average volume of 4,348,616. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 314.43, a price-to-earnings-growth ratio of 6.78 and a beta of 1.15. The business has a 50 day moving average of $52.61 and a 200 day moving average of $42.76. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.83 and a quick ratio of 1.80. Pure Storage, Inc. has a 12-month low of $22.57 and a 12-month high of $58.46.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on PSTG. Bank of America boosted their target price on shares of Pure Storage from $42.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, February 29th. Evercore ISI raised their price objective on Pure Storage from $41.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. StockNews.com downgraded shares of Pure Storage from a "buy" rating to a "hold" rating in a report on Friday, April 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $66.00 price objective on shares of Pure Storage in a report on Thursday, April 11th. Finally, Wedbush restated an "outperform" rating and issued a $50.00 price objective 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 assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $51.63.

About Pure Storage

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.

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