Diversified Trust Co Has $3.09 Million Holdings in Pure Storage, Inc. (NYSE:PSTG)

Diversified Trust Co trimmed its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 43.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,047 shares of the technology company’s stock after selling 36,302 shares during the quarter. Diversified Trust Co’s holdings in Pure Storage were worth $3,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Naples Money Management LLC bought a new stake in shares of Pure Storage during the 4th quarter worth $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Pure Storage in the 1st quarter valued at approximately $25,000. Fidelis Capital Partners LLC bought a new stake in shares of Pure Storage during the 1st quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Pure Storage by 61.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock valued at $27,000 after purchasing an additional 161 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in Pure Storage during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Stock Up 0.5 %

Shares of Pure Storage stock traded up $0.30 during trading on Wednesday, reaching $59.89. 194,958 shares of the company traded hands, compared to its average volume of 3,944,717. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.96. The firm has a market capitalization of $19.48 billion, a PE ratio of 212.93, a P/E/G ratio of 5.42 and a beta of 1.11. The company has a 50 day moving average price of $62.20 and a 200-day moving average price of $55.18. Pure Storage, Inc. has a 1-year low of $31.00 and a 1-year high of $70.41.

Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Pure Storage had a net margin of 3.19% and a return on equity of 15.34%. The company had revenue of $693.48 million for the quarter, compared to analysts’ expectations of $681.37 million. As a group, equities research analysts expect that Pure Storage, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Pure Storage

In related news, Director Mallun Yen sold 4,818 shares of Pure Storage stock in a transaction on Friday, June 7th. The shares were sold at an average price of $64.78, for a total value of $312,110.04. Following the completion of the sale, the director now owns 35,498 shares of the company’s stock, valued at approximately $2,299,560.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mallun Yen sold 4,818 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $64.78, for a total value of $312,110.04. Following the completion of the sale, the director now directly owns 35,498 shares of the company’s stock, valued at $2,299,560.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO P. Kevan Krysler sold 14,296 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $63.79, for a total value of $911,941.84. Following the completion of the transaction, the chief financial officer now owns 518,623 shares in the company, valued at approximately $33,082,961.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 228,995 shares of company stock valued at $12,999,193. Company insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Lake Street Capital boosted their target price on shares of Pure Storage from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Evercore ISI upped their target price on Pure Storage from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. StockNews.com upgraded Pure Storage from a “hold” rating to a “buy” rating in a report on Friday, May 17th. UBS Group lowered shares of Pure Storage from a “neutral” rating to a “sell” rating and raised their price objective for the company from $44.00 to $47.00 in a report on Tuesday, July 2nd. Finally, Bank of America boosted their target price on shares of Pure Storage from $57.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.11.

Pure Storage Company 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.