Prospera Financial Services Inc Has $249,000 Stock Holdings in Pure Storage, Inc. (NYSE:PSTG)

Prospera Financial Services Inc boosted its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 22.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,960 shares of the technology company’s stock after purchasing an additional 925 shares during the quarter. Prospera Financial Services Inc’s holdings in Pure Storage were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PSTG. O Shaughnessy Asset Management LLC bought a new stake in shares of Pure Storage during the 1st quarter valued at $315,000. Motley Fool Asset Management LLC boosted its holdings in Pure Storage by 8.0% during the first quarter. Motley Fool Asset Management LLC now owns 6,408 shares of the technology company’s stock worth $333,000 after buying an additional 473 shares during the last quarter. Tidal Investments LLC grew its position in shares of Pure Storage by 11.5% during the 1st quarter. Tidal Investments LLC now owns 40,438 shares of the technology company’s stock worth $2,102,000 after buying an additional 4,180 shares during the period. Castleark Management LLC increased its stake in shares of Pure Storage by 14.0% in the 1st quarter. Castleark Management LLC now owns 20,230 shares of the technology company’s stock valued at $1,052,000 after acquiring an additional 2,480 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Pure Storage by 1.6% in the 1st quarter. Comerica Bank now owns 272,506 shares of the technology company’s stock valued at $14,168,000 after acquiring an additional 4,287 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 8,895 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.67, for a total value of $450,709.65. Following the sale, the executive now owns 94,446 shares in the company, valued at $4,785,578.82. This represents a 8.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.32, for a total value of $5,732,000.00. Following the transaction, the insider now owns 300,000 shares of the company’s stock, valued at $17,196,000. This represents a 25.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,542 shares of company stock valued at $18,599,030. 6.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on PSTG. Citigroup decreased their price objective on shares of Pure Storage from $67.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Oppenheimer started coverage on shares of Pure Storage in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 price objective for the company. UBS Group reduced their target price on Pure Storage from $47.00 to $45.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. Stifel Nicolaus lowered their price target on Pure Storage from $65.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Finally, Wedbush reiterated an “outperform” rating and set a $80.00 price objective on shares of Pure Storage in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Pure Storage presently has a consensus rating of “Moderate Buy” and an average price target of $67.95.

Pure Storage Price Performance

Shares of NYSE PSTG opened at $53.75 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.99 and a quick ratio of 1.96. The business has a 50-day moving average of $51.79 and a 200-day moving average of $56.88. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 134.38, a PEG ratio of 7.01 and a beta of 1.10. Pure Storage, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $70.41.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $763.77 million during the quarter, compared to the consensus estimate of $756.59 million. Pure Storage had a return on equity of 17.41% and a net margin of 4.53%. As a group, sell-side analysts predict that Pure Storage, Inc. will post 0.42 earnings per share for the current fiscal year.

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.