(NYSE:PSTG) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. PSTG's average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of PSTG's future price movements. The Manufacturers Life Insurance Company 's holdings in Pure Storage were worth $968,000 at the end of the most recent reporting period. Institutions are now holders of 84.70% of the shares.
Recent trading patterns in the stock of Pure Storage, Inc. Voya Investment Management LLC now owns 43,164 shares of the technology company's stock valued at $553,000 after buying an additional 16,955 shares during the period. BidaskClub raised shares of Pure Storage from a "sell" rating to a "hold" rating in a report on Tuesday, October 17th.
BlackRock Advisors LLC reduced its position in shares of Pure Storage Inc. That's a potential 2.62 increase relative to where Pure Storage, Inc. On the other hand, company insiders are holding 1.20%. Buckingham Asset Management LLC purchased a new position in Pure Storage during the second quarter worth about $2,384,000. Teachers Advisors LLC now owns 783,785 shares of the technology company's stock worth $7,705,000 after acquiring an additional 660,954 shares during the period.
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In related news, President David Hatfield sold 30,000 shares of the company's stock in a transaction on Monday, September 18th. The stock was sold at an average price of $14.56, for a total value of $72,800.00. Following the completion of the sale, the president now owns 215,190 shares in the company, valued at $3,154,685.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy Riitters sold 5,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $14.82, for a total value of $815,100.00. Following the transaction, the chief financial officer now owns 282,200 shares of the company's stock, valued at $4,108,832.
Now, the FactSet Research estimate calls for Q3 2017 earnings of US$-0.03. (NYSE:PSTG) has gone stronger by 19.01%. Over the 52-week time span, the stock notched a high price of $16.87 and its minimum price was $9.12. The technology company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.31) by $0.20. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. The firm earned $197 million during the quarter, compared to analyst estimates of $192.36 million. Cypress Semiconductor Corporation (NASDAQ:CY) earnings have risen with a quarterly rate of 14.1% over the last 5 years. Pure Storage's revenue was up 37.6% on a year-over-year basis. sell-side analysts forecast that Pure Storage will post -0.97 EPS for the current year.
PSTG has been the topic of a number of research reports. BMO Capital Markets reiterated an "outperform" rating and set a $16.00 price objective (up from $15.00) on shares of Pure Storage in a report on Friday, August 25th. The analyst recommendations from a month ago are 2 Buy, 9 Strong Buy, 0 Sell, 0 Hold and 5.
Analysts expect Pure Storage, Inc. The other 13, though not evenly; between analysts who think you should buy Pure Storage, Inc. versus those who think you should sell it. The rating was maintained by Barclays Capital with "Equal-Weight" on Friday, August 26. Eleven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $16.36.
Pure Storage, Inc provides an enterprise data storage platform. 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.