JFS Wealth Advisors LLC Has $128,000 Stake in Pure Storage, Inc. (NYSE:PSTG)

JFS Wealth Advisors LLC increased its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 4,138.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,543 shares of the technology company’s stock after purchasing an additional 2,483 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Pure Storage were worth $128,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Pure Storage by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 31,789,480 shares of the technology company’s stock valued at $1,652,735,000 after buying an additional 495,183 shares during the period. Bank of New York Mellon Corp boosted its position in Pure Storage by 56.1% during the second quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company’s stock valued at $237,345,000 after purchasing an additional 1,327,873 shares during the last quarter. Blair William & Co. IL boosted its position in Pure Storage by 0.7% during the second quarter. Blair William & Co. IL now owns 2,357,962 shares of the technology company’s stock valued at $151,405,000 after purchasing an additional 15,747 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Pure Storage by 12.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,234,382 shares of the technology company’s stock valued at $143,470,000 after purchasing an additional 249,761 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Pure Storage by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,303,863 shares of the technology company’s stock worth $83,728,000 after purchasing an additional 235,356 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.32, for a total transaction of $5,732,000.00. Following the sale, the insider now owns 300,000 shares in the company, valued at $17,196,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Mona Chu sold 20,647 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $51.50, for a total transaction of $1,063,320.50. Following the completion of the transaction, the chief accounting officer now owns 75,992 shares in the company, valued at $3,913,588. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.32, for a total transaction of $5,732,000.00. Following the completion of the sale, the insider now owns 300,000 shares in the company, valued at approximately $17,196,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 554,542 shares of company stock valued at $30,014,030 over the last three months. Company insiders own 6.00% of the company’s stock.

Pure Storage Price Performance

Shares of PSTG stock opened at $50.97 on Friday. The company has a market capitalization of $16.70 billion, a P/E ratio of 127.43, a P/E/G ratio of 8.37 and a beta of 1.11. 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, Inc. has a 12 month low of $31.00 and a 12 month high of $70.41. The stock has a 50 day moving average of $51.61 and a two-hundred day moving average of $56.91.

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 the consensus estimate 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 analysts expect that Pure Storage, Inc. will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PSTG shares. Needham & Company LLC reduced their price target on Pure Storage from $80.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Evercore ISI decreased their price target on Pure Storage from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Wedbush reissued an “outperform” rating and issued a $80.00 price objective on shares of Pure Storage in a research note on Monday, August 26th. Citigroup reduced their target price on Pure Storage from $75.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Piper Sandler lowered their price target on Pure Storage from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.05.

Pure Storage 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.