Pure Storage Inc. (PSTG) Holdings Increased by Thornburg Investment Management Inc

Cornelia Mascio
Novembre 18, 2017

TRADEMARK VIOLATION NOTICE: "Pure Storage, Inc". TIAA CREF Investment Management LLC now owns 577,386 shares of the technology company's stock valued at $5,676,000 after acquiring an additional 379,053 shares during the last quarter. (PSTG) by 4.5%. Its stake was worth $24,171,000 an increase of 30.4% as of the end of the quarter. BNP Paribas Arbitrage SA lifted its position in Pure Storage by 641.5% during the second quarter. JPMorgan Chase & Co. raised its stake in Pure Storage by 56.0% during the 1st quarter. Vanguard Group Inc. grew its holdings in Pure Storage by 21.8% during the first quarter.

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Analysts await Pure Storage Inc (NYSE:PSTG) to report earnings on November, 28 after the close. Following the sale, the chief financial officer now directly owns 282,200 shares in the company, valued at approximately $4,108,832. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President David Hatfield sold 70,000 shares of the firm's stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $16.00, for a total value of $640,000.00. The disclosure for this sale can be found here. As of the end of the quarter Axa had acquired a total of 29,700 shares growing its holdings by 9.4%.

S Squared Technology Llc holds 1.03% of its portfolio in Ideal Power Inc for 575,720 shares.

Pure Storage, Inc. has a twelve month low of $9.12 and a twelve month high of $17.14. The stock's last price was higher from the average trading price of 50 days recorded at $81.41 while enlarging the period to 200 trading days, the average price was $77.88. Pure Storage, Inc. has 208.34 million shares outstanding, and in the last trade has seen ATR around 0.32. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. The firm had revenue of $224.50 million during the quarter, compared to analysts' expectations of $217.97 million.

Thornburg Investment Management Inc reports that it bought 64,630 shares in the previous quarter increasing its stake in Pure Storage Inc.

A number of brokerages recently weighed in on PSTG. Finally, BidaskClub cut Pure Storage from a hold rating to a sell rating in a research report on Tuesday, August 1st. UBS AG reissued a "buy" rating and set a $18.00 price objective (up previously from $15.00) on shares of Pure Storage in a research report on Monday, September 25th. BTIG Research raised their price objective on Pure Storage from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, October 19th.

Among 25 analysts covering Pure Storage (NYSE:PSTG), 17 have Buy rating, 0 Sell and 8 Hold.

On September 23, 2017 Morgan Stanley kept a "Equal Weight" rating on the company. Maxim Group initiated Pure Storage Inc (NYSE:PSTG) on Thursday, January 28 with "Buy" rating.

Needham maintained Pure Storage Inc (NYSE:PSTG) rating on Thursday, March 2. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses. The Company's data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.

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