@PureStorage Inc (NYSE:PSTG) President @DavidHatfield sold 150,000 shares of the stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $24.21, for a total value of $3,631,500.00. The sale was disclosed in a document filed with the SEC, which is available through this link. David Hatfield also recently made the following trade(s): Tgyrsday July 5th, David Hatfield sold 4,963 shares of Pure Storage stock. The stock was sold at an average price of $23.41, for a total value of $116,183.83. On Monday, June 18th, David Hatfield sold 150,000 shares of Pure Storage stock. The stock was sold at an average price of $24.74, for a total value of $3,711,000.00. Pure Storage opened at $24.04 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.34 and a quick ratio of 4.22. Pure Storage Inc has a fifty-two week low of $11.99 and a fifty-two week high of $25.62. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of -28.62 and a beta of 1.32.  Pure Storage (NYSE:PSTG) last released its earnings results on Monday, May 21st. The technology company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.05. Pure Storage had a negative return on equity of 35.13% and a negative net margin of 16.38%. The firm had revenue of $255.90 million during the quarter, compared to analysts’ expectations of $251.06 million. During the same period in the prior year, the company earned ($0.14) earnings per share. The company’s quarterly revenue was up 40.1% on a year-over-year basis. analysts predict that Pure Storage Inc will post -0.75 EPS for the current fiscal year. Several institutional investors and hedge funds have recently made changes to their positions in PSTG. Bank of New York Mellon Corp lifted its stake in shares of Pure Storage by 5.6% in the 4th quarter. Bank of New York Mellon Corp now owns 393,122 shares of the technology company’s stock valued at $6,234,000 after acquiring an additional 20,730 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Pure Storage by 55.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 66,448 shares of the technology company’s stock valued at $1,054,000 after acquiring an additional 23,572 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Pure Storage by 47.5% in the 4th quarter. Geode Capital Management LLC now owns 1,117,750 shares of the technology company’s stock valued at $17,726,000 after acquiring an additional 359,886 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Pure Storage by 9.6% in the 4th quarter. Alliancebernstein L.P. now owns 141,500 shares of the technology company’s stock valued at $2,244,000 after acquiring an additional 12,400 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Pure Storage by 26.4% in the 4th quarter. Deutsche Bank AG now owns 1,411,774 shares of the technology company’s stock valued at $22,390,000 after acquiring an additional 295,206 shares during the last quarter. Institutional investors own 57.38% of the company’s stock. A number of equities research analysts recently issued reports on PSTG shares. Stifel Nicolaus started coverage on Pure Storage in a research report on Tuesday, June 5th. They set a “hold” rating and a $23.00 price target on the stock. Zacks Investment Research raised Pure Storage from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday. Summit Insights raised Pure Storage to a “buy” rating in a research report on Tuesday, May 22nd. BMO Capital Markets increased their price target on Pure Storage from $25.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 22nd. Finally, ValuEngine downgraded Pure Storage from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.62. Pure Storage Company 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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