Squarepoint Ops LLC Has $2.12 Million Holdings in Pure Storage Inc (PSTG)

Squarepoint Ops LLC cut its position in Pure Storage Inc (NYSE:PSTG) by 33.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,097 shares of the technology company’s stock after selling 65,000 shares during the period. Squarepoint Ops LLC owned 0.05% of Pure Storage worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in Pure Storage during the fourth quarter worth approximately $27,000. Sonora Investment Management LLC lifted its position in Pure Storage by 80.2% during the fourth quarter. Sonora Investment Management LLC now owns 1,910 shares of the technology company’s stock worth $31,000 after buying an additional 850 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Pure Storage during the fourth quarter worth approximately $42,000. Penserra Capital Management LLC lifted its position in Pure Storage by 458.9% during the fourth quarter. Penserra Capital Management LLC now owns 5,008 shares of the technology company’s stock worth $80,000 after buying an additional 4,112 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Pure Storage by 169.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,090 shares of the technology company’s stock worth $110,000 after buying an additional 2,570 shares in the last quarter. 73.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Scott Dietzen sold 400,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $20.46, for a total transaction of $8,184,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy Riitters sold 5,210 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.46, for a total value of $111,806.60. The disclosure for this sale can be found here. Insiders have sold a total of 431,260 shares of company stock valued at $8,835,771 over the last three months. 15.30% of the stock is currently owned by insiders.

A number of brokerages recently commented on PSTG. Credit Suisse Group assumed coverage on Pure Storage in a research report on Thursday, April 11th. They set a “neutral” rating and a $23.00 price objective on the stock. Cowen upgraded Pure Storage from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.00 to $30.00 in a research report on Monday, April 8th. Raymond James downgraded Pure Storage from an “outperform” rating to a “market perform” rating and set a $18.81 target price on the stock. in a research report on Wednesday, February 20th. Zacks Investment Research downgraded Pure Storage from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Maxim Group restated a “hold” rating and issued a $21.00 target price on shares of Pure Storage in a research report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Pure Storage has an average rating of “Buy” and a consensus target price of $26.10.

Shares of PSTG stock traded down $0.21 on Friday, hitting $22.78. The stock had a trading volume of 3,802,225 shares, compared to its average volume of 3,437,827. The company has a current ratio of 3.34, a quick ratio of 3.25 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $5.58 billion, a PE ratio of -32.54 and a beta of 1.72. Pure Storage Inc has a 1 year low of $13.99 and a 1 year high of $29.14.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Thursday, February 28th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). Pure Storage had a negative net margin of 13.12% and a negative return on equity of 22.64%. The firm had revenue of $422.22 million during the quarter, compared to analysts’ expectations of $443.27 million. Research analysts predict that Pure Storage Inc will post -0.53 EPS for the current fiscal year.

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Pure Storage Profile

Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution.

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Institutional Ownership by Quarter for Pure Storage (NYSE:PSTG)

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