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Swiss National Bank Continues to Hold Position in Pure Storage, Inc. (PSTG)

Swiss National Bank Continues to Hold Position in Pure Storage, Inc. (PSTG)

Morgan Stanley raised its position in shares of Pure Storage, Inc. The investment company owned 82,500 stocks of the technology firms shares after scooping up an extra 16,000 shares through out the quarter. Renaissance Technologies LLC owned approximately 0.62% of Pure Storage worth $12,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PSTG. Bank of Montreal Can acquired a new position in shares of Pure Storage during the first quarter worth approximately $1,894,000. The institutional investor owned 98,400 shares of the technology company's stock at the end of the first quarter. TX purchased a new stake in Pure Storage during the first quarter valued at about $150,000. Its stake stood at $13,820,000 an increase of $6,115,000 as of the end of the quarter. Renaissance Technologies has an ownership of 1,284,000 stocks of the technology firms shares valued $12,622,000 after scooping up an extra 1,062,700 shares through out the previous quarter, Wesbanco Bank bought a new stake in stocks of Pure Storage during the Q1 assessed at roughly $462,000.

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. Point72 Asia Hong Kong Ltd now owns 13,815 shares of the technology company's stock valued at $136,000 after buying an additional 3,557 shares during the period. The technology company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $0.08. 926,347 shares of the company traded hands.

Pure Storage, Inc. has a one year low of $9.12 and a one year high of $15.14. The stock's market capitalization is $2.64 billion.

Pure Storage (NYSE:PSTG) last posted its earnings results on Wednesday, May 24th.

As of the latest earnings report the EPS was $-1.23 and is expected to be $-0.27 for the current year with 208,705,000 shares now outstanding. Pure Storage had a negative return on equity of 44.04% and a negative net margin of 31.62%. The business had revenue of $182.60 million for the quarter, compared to the consensus estimate of $176.13 million. Next quarter's EPS is forecasted at $-0.04 and the next full year EPS is projected to be $0.01. The firm's revenue was up 30.5% on a year-over-year basis. On average, equities analysts predict that Pure Storage, Inc. will post ($0.27) earnings per share for the current fiscal year. Pure Storage had 39 analyst reports since October 8, 2015 according to SRatingsIntel. If you are viewing this story on another site, it was illegally copied and reposted in violation of global copyright laws.

Several analysts have weighed in on the company. William Blair restated a "buy" rating on shares of Pure Storage in a research note on Friday, April 14th. Robert W. Baird reaffirmed a "hold" rating and issued a $14.00 price target on shares of Pure Storage in a report on Wednesday, June 14th. Finally, Pacific Crest reaffirmed an "overweight" rating and issued a $17.00 target price on shares of Pure Storage in a research note on Friday, June 16th. Jefferies Group LLC lifted their target price on shares of Pure Storage from $10.00 to $11.50 and gave the company a "hold" rating in a research note on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. The company now has a consensus rating of "Buy" and an average price target of $15.61.

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 stock was sold at an average price of $12.81, for a total value of $131,276.88. Following the completion of the sale, the chief financial officer now owns 245,703 shares in the company, valued at $3,223,623.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

In related news, Director Michelangelo Volpi sold 390,957 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $13.00, for a total value of $248,118.00. The disclosure for this sale can be found here. Insiders own 46.58% of the company's stock. 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. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.