2 weeks Ago By ABMN Staff
Pure Storage, Inc. ( NYSE:PSTG – Get Free Report )’s share price gapped down before the market opened on Thursday after Lake Street Capital lowered their price target on the stock from $70.00 to $68.
00. The stock had previously closed at $59.76, but opened at $51.
01. Lake Street Capital currently has a buy rating on the stock. Pure Storage shares last traded at $52.
46, with a volume of 2,374,213 shares. Several other equities research analysts have also recently issued reports on the stock. Northland Securities cut shares of Pure Storage from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $58.
00 to $68.00 in a research report on Thursday, May 30th. Needham & Company LLC decreased their price target on shares of Pure Storage from $80.
00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup dropped their price objective on Pure Storage from $75.
00 to $67.00 and set a “buy” rating for the company in a report on Thursday. Susquehanna reiterated a “positive” rating and issued a $80.
00 target price on shares of Pure Storage in a report on Monday, August 26th. Finally, Bank of America upped their price target on Pure Storage from $57.00 to $68.
00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.
com, Pure Storage currently has a consensus rating of “Moderate Buy” and an average price target of $65.85. View Our Latest Research Report on Pure Storage Insiders Place Their Bets Institutional Trading of Pure Storage A number of institutional investors and hedge funds have recently modified their holdings of PSTG.
Banque Cantonale Vaudoise acquired a new stake in shares of Pure Storage during the 1st quarter worth approximately $25,000. Fidelis Capital Partners LLC bought a new stake in Pure Storage in the first quarter valued at $27,000. Massmutual Trust Co.
FSB ADV boosted its holdings in shares of Pure Storage by 61.2% during 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 during the period. Larson Financial Group LLC grew its position in shares of Pure Storage by 242.9% during the second quarter.
Larson Financial Group LLC now owns 432 shares of the technology company’s stock worth $28,000 after acquiring an additional 306 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Pure Storage in the 4th quarter worth about $31,000.
83.42% of the stock is owned by institutional investors and hedge funds. Pure Storage Stock Performance The company has a current ratio of 2.
00, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07.
The company’s 50-day moving average is $60.47 and its two-hundred day moving average is $56.58.
The stock has a market capitalization of $16.68 billion, a P/E ratio of 183.18, a P/E/G ratio of 6.
29 and a beta of 1.11. Pure Storage ( NYSE:PSTG – Get Free Report ) last released its quarterly earnings results on Wednesday, May 29th.
The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.
02. Pure Storage had a return on equity of 15.34% and a net margin of 3.
19%. The company had revenue of $693.48 million for the quarter, compared to analysts’ expectations of $681.
37 million. As a group, sell-side analysts anticipate that Pure Storage, Inc. will post 0.
47 EPS for the current fiscal year. Pure Storage Company Profile ( Get Free Report ) 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.
See Also 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 ..
