WoodTrust Financial Corp Purchases 13,850 Shares of Pure Storage, Inc. (NYSE:PSTG)

WoodTrust Financial Corp increased its holdings in Pure Storage, Inc. (NYSE:PSTG) by 219.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,150 shares of the technology company’s stock after purchasing an additional 13,850 shares during the quarter. WoodTrust Financial Corp’s holdings in Pure Storage were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PSTG. Fidelis Capital Partners LLC bought a new stake in shares of Pure Storage in the 1st quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV boosted its holdings in Pure Storage by 61.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock valued at $27,000 after acquiring an additional 161 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Pure Storage by 242.9% in the second quarter. Larson Financial Group LLC now owns 432 shares of the technology company’s stock valued at $28,000 after acquiring an additional 306 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Pure Storage during the 3rd quarter valued at $31,000. Finally, FSC Wealth Advisors LLC bought a new position in Pure Storage in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insiders Place Their Bets

In other news, CRO Dan Fitzsimons sold 8,895 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $50.67, for a total value of $450,709.65. Following the completion of the transaction, the executive now owns 94,446 shares of the company’s stock, valued at $4,785,578.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Pure Storage news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.32, for a total value of $5,732,000.00. Following the sale, the insider now owns 300,000 shares in the company, valued at $17,196,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Dan Fitzsimons sold 8,895 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.67, for a total value of $450,709.65. Following the transaction, the executive now owns 94,446 shares of the company’s stock, valued at $4,785,578.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 454,542 shares of company stock worth $24,775,030. Corporate insiders own 6.00% of the company’s stock.

Pure Storage Trading Up 5.7 %

Shares of NYSE:PSTG opened at $54.06 on Thursday. The stock has a 50 day moving average of $51.08 and a 200 day moving average of $56.95. The company has a market cap of $17.71 billion, a PE ratio of 135.15, a price-to-earnings-growth ratio of 7.80 and a beta of 1.10. Pure Storage, Inc. has a 12-month low of $31.00 and a 12-month high of $70.41. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07.

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, topping analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $763.77 million during the quarter, compared to analyst estimates of $756.59 million. Pure Storage had a net margin of 4.53% and a return on equity of 17.41%. As a group, equities research analysts expect that Pure Storage, Inc. will post 0.43 EPS for the current year.

Analyst Upgrades and Downgrades

PSTG has been the topic of a number of research reports. Northland Securities reaffirmed a “market perform” rating and set a $59.00 target price (down previously from $68.00) on shares of Pure Storage in a research note on Thursday, August 29th. Piper Sandler lowered their price objective on Pure Storage from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. UBS Group dropped their price target on Pure Storage from $47.00 to $45.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and set a $80.00 price target on shares of Pure Storage in a report on Monday, August 26th. Finally, Lake Street Capital decreased their price target on Pure Storage from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.05.

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.