Pure Storage, Inc. (NYSE:PSTG) is now up 10.22% compared to a 12-month low of $13.99. We have seen the price to move -1.34% lower and get settled at $15.42 on 7/30/2019. At recent session, it appeared stuck in a range of $15.29 to $15.62. This company shares are 46.43% off its target price of $22.58 and the current market capitalization stands at $3.9B. The recent change has given its price a -3.76% deficit over SMA 50 and -47.07% deficit over its 52-week high. The stock witnessed 0.98% gains, -32.55% declines and -10.87% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PSTG’s volatility during a week at 2.72% and during a month it has been found around 2.73%.

What Does Pure Storage, Inc. (PSTG) Do?

The company describes itself in regulatory filings as, “Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/PSTG/profile under company description.]

Pure Storage, Inc. (PSTG) Top Holders

Institutional investors currently hold around $3.01 billion or 78.1% in PSTG stock. Look at its top three institutional owners: Vanguard Group Inc owns $291.97 million in Pure Storage, Inc., which represents roughly 7.49% of the company’s market cap and approximately 9.69% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 18,219,508 shares of the stock are valued at $284.77 million. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $209.54 million worth of this stock and that ownership represents nearly 5.37% of its market capitalization.

Pure Storage, Inc. 13F Filings

At the end of March reporting period, 142 institutional holders increased their position in Pure Storage, Inc. (NYSE:PSTG) by some 35,285,254 shares, 114 decreased positions by 22,182,845 and 34 held positions by 135,215,629. That puts total institutional holdings at 192,683,728 shares, according to SEC filings. The stock grabbed 40 new institutional investments totaling 12,041,825 shares while 52 institutional investors sold out their entire positions totaling 6,477,183 shares.

Pure Storage, Inc. (NYSE:PSTG) Insider Trades

Multiple company employees have indulged in significant insider trading. Pure Storage, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Riitters Timothy has sold 10,420 shares of Pure Storage, Inc. (PSTG) in the trading session dated Jun. 27, 2019. These shares are worth $162,448 and were traded at $15.59 each. The SEC filing shows that Riitters Timothy performed a sale of 10,420 shares. The CFO disposed these shares by way of transaction on Jun. 13, 2019. The company’s shares were given away at $15.65 per share worth to an income of some $163,073 to the account of Riitters Timothy.

CFO, Riitters Timothy, sold 10,420 common shares of Pure Storage, Inc. (PSTG) in the open market. In a transaction dated May. 30, 2019, the shares were put up for sale at an average price of $16.03, raking in a sum of $167,033. After this sale, 463,269 common shares of PSTG are directly owned by the insider, with total stake valued at $7,143,608.

In the transaction dated Apr. 26, 2019, a great number of shares sold came courtesy the Director; Dietzen Scott disposed a total of 33,000 shares at an average price of $22.43, amounting to approximately $740,190. The insider now directly owns 3,610,243 shares worth $55,669,947.

Pure Storage, Inc. (PSTG) Analyst Guide

Several analysts have released their opinion on Pure Storage, Inc. (NYSE:PSTG), with 6 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.13 average brokerage recommendation [T1].