Epic Trust Investment Advisors LLC Sells 273 Shares of Pure Storage, Inc. (NYSE:PSTG)

Epic Trust Investment Advisors LLC reduced its position in Pure Storage, Inc. (NYSE:PSTG) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,604 shares of the technology company’s stock after selling 273 shares during the quarter. Epic Trust Investment Advisors LLC’s holdings in Pure Storage were worth $235,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sei Investments Co. grew its stake in shares of Pure Storage by 19.7% during the third quarter. Sei Investments Co. now owns 464,256 shares of the technology company’s stock valued at $16,537,000 after buying an additional 76,421 shares during the last quarter. William Blair Investment Management LLC lifted its position in Pure Storage by 11.4% in the third quarter. William Blair Investment Management LLC now owns 687,600 shares of the technology company’s stock valued at $24,492,000 after purchasing an additional 70,620 shares during the last quarter. Weil Company Inc. purchased a new stake in shares of Pure Storage during the third quarter valued at approximately $433,000. Sequoia Financial Advisors LLC bought a new position in shares of Pure Storage in the fourth quarter worth approximately $514,000. Finally, Mackenzie Financial Corp increased its stake in shares of Pure Storage by 13.2% in the fourth quarter. Mackenzie Financial Corp now owns 533,530 shares of the technology company’s stock worth $19,026,000 after buying an additional 62,274 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Pure Storage Price Performance

Shares of NYSE PSTG traded down $1.94 during midday trading on Tuesday, hitting $50.49. The stock had a trading volume of 2,368,248 shares, compared to its average volume of 4,478,514. The stock has a 50 day simple moving average of $51.05 and a 200-day simple moving average of $41.95. The company has a quick ratio of 1.80, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $16.40 billion, a PE ratio of 301.55, a P/E/G ratio of 6.88 and a beta of 1.15. Pure Storage, Inc. has a 1 year low of $22.14 and a 1 year high of $58.46.

Pure Storage (NYSE:PSTG) last issued its earnings results on Wednesday, February 28th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.10. Pure Storage had a return on equity of 12.60% and a net margin of 2.17%. The business had revenue of $789.81 million for the quarter, compared to analysts’ expectations of $784.31 million. During the same period in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

PSTG has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $66.00 price objective on shares of Pure Storage in a research report on Thursday, April 11th. Morgan Stanley boosted their price objective on shares of Pure Storage from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. StockNews.com downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America raised their price target on shares of Pure Storage from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, TD Cowen lifted their price objective on Pure Storage from $42.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.63.

Insider Activity

In other Pure Storage news, Director Scott Dietzen sold 147,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $53.49, for a total value of $7,863,030.00. Following the sale, the director now owns 100,000 shares of the company’s stock, valued at $5,349,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Scott Dietzen sold 147,000 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $53.49, for a total value of $7,863,030.00. Following the sale, the director now directly owns 100,000 shares in the company, valued at $5,349,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne Taylor sold 36,860 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,015,150.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 286,581 shares of company stock valued at $15,266,704. Company insiders own 6.50% of the company’s stock.

Pure Storage Company Profile

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.