" "Robert W. Baird Reiterates "$14.00" Price Target for Pure Storage, Inc. (PSTG)

Geronimo Vena
Agosto 18, 2017

NY's holdings in Pure Storage were worth $438,000 as of its most recent filing with the SEC. Fox Run Management L.L.C. raised its position in shares of Pure Storage by 8.2% in the first quarter. Jefferies maintained the stock with "Buy" rating in Monday, August 14 report.

While looking at the Stock's Performance, Pure Storage, Inc. now shows a Weekly Performance of -2.18%, where Monthly Performance is -8.71%, Quarterly performance is 6.17%, 6 Months performance is 4.75% and yearly performance percentage is -7.71%. "(PSTG) Lowered to Hold at Maxim Group" was originally reported by Stock Observer and is owned by of Stock Observer. Wesbanco Bank Inc. acquired a new stake in Pure Storage during the first quarter worth $462,000. The Manufacturers Life Insurance Company now owns 75,526 shares of the technology company's stock valued at $968,000 after buying an additional 18,918 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Pure Storage during the first quarter worth about $1,894,000. (PSTG) opened at 12.68 on Thursday. Pure Storage has a 1-year low of $9.12 and a 1-year high of $15.14. The firm's market cap is $2.63 billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -2.7% where SMA50 and SMA200 are -3.1% and 5.48% respectively.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, May 24th. However it has a net margin of -31.60%. The business had revenue of $182.60 million during the quarter, compared to analyst estimates of $176.13 million. The Q3 2017 consensus earnings estimates for the company have stabilized at US$-0.04 per share. After having $-0.30 EPS previously, Pure Storage Inc's analysts see 3.33 % EPS growth. "NY" was first published by BNB Daily and is owned by of BNB Daily. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of global copyright legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/08/16/pure-storage-inc-nysepstg-downgraded-to-sell-at-valuengine-updated-updated.html.

Several other brokerages have also recently issued reports on PSTG.

Baird set a $14.00 price target on Pure Storage, Inc. BMO Capital Markets raised their target price on Pure Storage from $13.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, May 25th. Vetr raised shares of Pure Storage from a "buy" rating to a "strong-buy" rating and set a $15.50 price target on the stock in a research report on Wednesday, June 14th. William Blair reaffirmed a "buy" rating on shares of Pure Storage in a research note on Friday, April 14th. (NYSE:PSTG)'s Buy count is 2 and Strong Buy is 9 while the number of analysts recommending Sell and Strong Sell are 0 and 5, respectively. Analysts expect next quarter's EPS to be $-0.04 with next year's EPS anticipated to be $0.01.

In other Pure Storage news, Director Michelangelo Volpi sold 19,086 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $13.00, for a total value of $248,118.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

In other news, CFO Timothy Riitters sold 5,000 shares of the company's stock in a transaction on Thursday, June 1st. Insiders have sold a total of 2,312,246 shares of company stock valued at $30,410,081 over the last quarter. Following the completion of the sale, the chief financial officer now directly owns 245,703 shares in the company, valued at approximately $3,223,623.36. The disclosure for this sale can be found here. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company's stock valued at $105,000 after buying an additional 2,284 shares during the last quarter.

Investors who are keeping close eye on the stock of Pure Storage, Inc. The Firm is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling clients to put data to work for their businesses. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.

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