Pure Storage, Inc. (PSTG) CFO Timothy Riitters Sells 5000 Shares

Pure Storage, Inc. (PSTG) CFO Timothy Riitters Sells 5000 Shares”

(NYSE:PSTG) by 45.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). BlackRock Inc. now owns 14,513,166 shares of the technology company's stock worth $185,913,000 after buying an additional 863,990 shares in the last quarter. Rhumbline Advisers owned approximately 0.11% of Pure Storage worth $1,344,000 at the end of the most recent quarter.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Pure Storage by 21.8% in the first quarter. Goldman Sachs Group Inc. boosted its stake in Pure Storage by 3,403.9% in the first quarter. SG Americas Securities LLC now owns 48,386 shares of the technology company's stock valued at $476,000 after buying an additional 37,963 shares in the last quarter. Think Investments Lp now holds 571,238 shares valued at $7,318,000. Jane Street Group, LLC grew its position by buying 93,713 shares an increase of 545.2% in the quarter. Gradient Investments LLC now owns 22,710 shares of the technology company's stock worth $291,000 after acquiring an additional 2,122 shares during the last quarter.

Among institutions that increased their positions, 27 were new positions. If you are accessing this story on another domain, it was stolen and reposted in violation of USA and global trademark & copyright laws. (PSTG) has increased 9.96% while the S&P 500 has increased 16.67%.

PSTG has been the topic of a number of other reports. The Mean Recommendation is the average rating on a stock by the analyst community. Finally, Jefferies Group LLC reaffirmed a "hold" rating and issued a $13.50 price objective on shares of Pure Storage in a report on Friday, August 25th.

On Thursday, June 22nd, Timothy Riitters sold 8,255 shares of Pure Storage stock. (The) reissued a "neutral" rating and set a $14.00 target price on shares of Pure Storage in a research report on Thursday, May 25th. The mean target price as estimated by the analysts for the company has been recorded at $15.75.

Shares of Pure Storage, Inc.

Pure Storage (NYSE:PSTG) opened at 14.83 on Monday. Their average price target spell out an upbeat performance - a 6% and would give PSTG a market capitalization of almost $3.31B. PSTG's latest closing price was 27.85% away from the average-price of 200 days while it maintained a distance of 13.31% from the 50 Day Moving Average and 5.89% away compared to its SMA 20. Pure Storage, Inc. The firm's market capitalization is $3.21 billion. The technology company reported ($0.11) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.31) by $0.20. Its revenue totaled $218.64 million up 19.72% from the previous quarter. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. Next quarter's EPS is forecasted to be $0.06 and the next full year EPS is projected to be $0.03. ValuEngine raised shares of Pure Storage from a "sell" rating to a "hold" rating in a research note on Saturday, August 26th. The shares were sold at an average price of $14.56, for a total transaction of $72,800.00. The company's institutional ownership is monitored at 85 percent.

On Friday, September 1st, Timothy Riitters sold 55,000 shares of Pure Storage stock. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. The disclosure for this sale can be found here. Insiders have sold a total of 105,761 shares of company stock worth $1,529,634 over the last ninety days.

Analysts expect Pure Storage, Inc. 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.

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