Institutions Continue To Be Top Holders in Pure Storage, Inc. (NYSE:PSTG)

Renaissance Technologies LLC lifted its holdings in Pure Storage by 480.2% during the 1st quarter. (NYSE:PSTG) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. Renaissance Technologies LLC now owns 1,284,000 shares of the technology company's stock worth $12,622,000 after purchasing an additional 1,062,700 shares during the last quarter.

Large investors have recently added to or reduced their stakes in the stock.

Shares of Pure Storage, Inc. American International Group Inc. lifted its stake in shares of Pure Storage by 17.3% in the first quarter. Voya Investment Management LLC lifted its holdings in Pure Storage by 64.7% during the 2nd quarter. Legal & General Group Plc increased its stake in shares of Pure Storage by 42.7% during the second quarter. The stock had a trading volume of 1,974,600 shares, compared to its average volume of 1,105,089. Institutional investors and hedge funds own 49.91% of the company's stock. Pure Storage, Inc. has a 1-year low of $9.12 and a 1-year high of $16.87. (NYSE:PSTG)'s stock was 48.36%. The stock had a trading volume of 137,616 shares. Insiders have sold a total of 242,028 shares of company stock valued at $3,773,235 over the last quarter. There are brokerage firms with lower targets than the average, including one setting a price target of $13.

This article was originally published by and is the sole property of. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and worldwide copyright & trademark law. Pure Storage's revenue was up 37.6% on a year-over-year basis. sell-side analysts forecast that Pure Storage will post -0.97 EPS for the current year. For the next year, analysts forecast that the firm will report earnings of $0.03 per share, with EPS estimates ranging from ($0.13) to $0.14. The company had revenue of $224.50 million for the quarter, compared to the consensus estimate of $217.97 million. Pure Storage had a negative net margin of 29.55% and a negative return on equity of 46.12%. During the same quarter previous year, the firm posted ($0.16) earnings per share. Of those transactions, there were 8.23 million shares of PSTG bought and 7.3 million shares sold. If you are reading this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright laws. The correct version of this piece can be read at https://www.truebluetribune.com/2017/11/14/pure-storage-inc-pstg-position-boosted-by-the-manufacturers-life-insurance-company.html.

A number of research analysts recently issued reports on the company. The stock has "Buy" rating by Maxim Group on Friday, May 26. Finally, Susquehanna Bancshares Inc reaffirmed a "positive" rating and set a $20.00 price objective (up from $18.00) on shares of Pure Storage in a report on Thursday, October 5th. On Wednesday, November 11 the stock rating was initiated by Sterne Agee CRT with "Neutral". One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Pure Storage has a consensus rating of "Buy" and a consensus price target of $16.56. Also, CFO Timothy Riitters sold 5,000 shares of the firm's stock in a transaction dated Friday, September 8th. The stock decreased 0.06% or $0.01 on November 14, reaching $16.77. Following the transaction, the chief financial officer now owns 282,200 shares of the company's stock, valued at $4,108,832. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 41.47% of the company's stock.

The average 1-year price target for Pure Storage, Inc. The Company's storage platform consists of approximately three integrated components, including the Purity Operating Environment, which is its flash-optimized software; FlashArray, which is its modular and scalable all-flash array hardware, and Pure1, which is its cloud-based management and support.

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