Eisler Capital UK Ltd. Takes $1.39 Million Position in Pure Storage, Inc. (NYSE:PSTG)

Eisler Capital UK Ltd. acquired a new stake in Pure Storage, Inc. (NYSE:PSTGFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 38,885 shares of the technology company’s stock, valued at approximately $1,387,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Naples Money Management LLC purchased a new position in Pure Storage in the fourth quarter valued at $25,000. Principal Securities Inc. purchased a new stake in Pure Storage during the 4th quarter worth about $31,000. Allspring Global Investments Holdings LLC purchased a new stake in Pure Storage during the 4th quarter worth about $45,000. Harvest Fund Management Co. Ltd purchased a new stake in Pure Storage during the 4th quarter worth about $64,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Pure Storage during the 4th quarter worth about $67,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PSTG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Pure Storage from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Raymond James lifted their price target on Pure Storage from $63.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Susquehanna lifted their price target on Pure Storage from $65.00 to $75.00 and gave the stock a “positive” rating in a report on Thursday, May 30th. UBS Group boosted their target price on Pure Storage from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Finally, Citigroup boosted their target price on Pure Storage from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.15.

Check Out Our Latest Report on Pure Storage

Pure Storage Stock Performance

NYSE PSTG traded up $1.81 on Wednesday, hitting $62.25. 533,652 shares of the company’s stock were exchanged, compared to its average volume of 4,356,278. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.96. The firm’s 50-day moving average price is $55.03 and its two-hundred day moving average price is $46.09. Pure Storage, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $68.75. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 222.11, a P/E/G ratio of 6.04 and a beta of 1.06.

Insider Transactions at Pure Storage

In other news, insider Ajay Singh sold 37,588 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $53.54, for a total transaction of $2,012,461.52. Following the sale, the insider now owns 380,834 shares of the company’s stock, valued at approximately $20,389,852.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Pure Storage news, insider Ajay Singh sold 37,588 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $53.54, for a total transaction of $2,012,461.52. Following the transaction, the insider now owns 380,834 shares of the company’s stock, valued at approximately $20,389,852.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roxanne Taylor sold 36,860 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $53.76, for a total value of $1,981,593.60. Following the transaction, the director now directly owns 18,883 shares in the company, valued at approximately $1,015,150.08. The disclosure for this sale can be found here. Insiders have sold 286,581 shares of company stock valued at $15,266,704 in the last quarter. 6.00% of the stock is currently owned by corporate insiders.

About Pure Storage

(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

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Institutional Ownership by Quarter for Pure Storage (NYSE:PSTG)

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