Pure Storage Inc (NYSE:PSTG) CFO Timothy Riitters sold 5,210 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.92, for a total value of $103,783.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Timothy Riitters also recently made the following trade(s):
- On Wednesday, December 19th, Timothy Riitters sold 30,000 shares of Pure Storage stock. The stock was sold at an average price of $16.61, for a total value of $498,300.00.
Pure Storage stock traded up $0.50 during mid-day trading on Friday, hitting $20.92. The stock had a trading volume of 2,492,410 shares, compared to its average volume of 3,406,150. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of -29.89 and a beta of 1.71. Pure Storage Inc has a 12 month low of $13.99 and a 12 month high of $29.14. The company has a quick ratio of 3.52, a current ratio of 3.64 and a debt-to-equity ratio of 0.63.
A number of institutional investors have recently bought and sold shares of PSTG. Oppenheimer Asset Management Inc. bought a new position in Pure Storage during the fourth quarter worth about $27,000. Sonora Investment Management LLC boosted its holdings in Pure Storage by 80.2% during the fourth quarter. Sonora Investment Management LLC now owns 1,910 shares of the technology company’s stock worth $31,000 after buying an additional 850 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Pure Storage during the fourth quarter worth about $42,000. DekaBank Deutsche Girozentrale boosted its holdings in Pure Storage by 169.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,090 shares of the technology company’s stock worth $110,000 after buying an additional 2,570 shares during the last quarter. Finally, Close Asset Management Ltd boosted its holdings in Pure Storage by 1,157.1% during the fourth quarter. Close Asset Management Ltd now owns 4,400 shares of the technology company’s stock worth $318,000 after buying an additional 4,050 shares during the last quarter. Institutional investors and hedge funds own 74.31% of the company’s stock.
PSTG has been the subject of several recent analyst reports. Oppenheimer set a $26.00 price objective on Pure Storage and gave the stock a “buy” rating in a research note on Monday, November 19th. Zacks Investment Research upgraded Pure Storage from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, November 22nd. Morgan Stanley increased their target price on Pure Storage from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 20th. Cowen initiated coverage on Pure Storage in a report on Tuesday, December 11th. They set a “market perform” rating and a $20.00 target price on the stock. Finally, Lake Street Capital decreased their target price on Pure Storage to $26.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $25.60.
TRADEMARK VIOLATION NOTICE: This news story was published by WKRB News and is the property of of WKRB News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.wkrb13.com/2019/03/15/pure-storage-inc-pstg-cfo-timothy-riitters-sells-5210-shares-of-stock.html.
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.
Featured Article: Lock-Up Period Expiration
Receive News & Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related companies with MarketBeat.com's FREE daily email newsletter.