Renaissance Technologies LLC Acquires 1062700 Shares of Pure Storage, Inc. (PSTG)


Analysts await Pure Storage Inc (NYSE:PSTG) to report earnings on August, 24. The firm owned 802,138 shares of the technology company's stock after buying an additional 183,123 shares during the period.

Teachers Advisors, LLC reports that it bought 295,073 shares in the previous quarter increasing its holdings in Pure Storage, Inc. (NYSE:PSTG) by 32.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

The company is trading down by -0.87 percent from yesterday's close. Bank of New York Mellon Corp increased its position in Pure Storage by 9.4% in the first quarter. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.22) by $0.08. Gradient Investments LLC now owns 22,710 shares of the technology company's stock valued at $291,000 after buying an additional 2,122 shares during the period. The stock's market capitalization is $2.64 billion. Norges Bank acquired a new position in Pure Storage during the fourth quarter valued at approximately $1,697,000. State Street Corp now owns 1,129,901 shares of the technology company's stock worth $12,779,000 after buying an additional 47,633 shares during the period. Quantbot Technologies LP increased its stake in Pure Storage by 8.2% in the first quarter. Equities research analysts predict that Pure Storage, Inc. will post ($0.27) EPS for the current fiscal year.

PSTG has been the discussion subject of many recent brokerage firm research. The firm has a 50 day moving average price of $13.00 and a 200 day moving average price of $11.64.

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Shares of Pure Storage, Inc.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Wednesday, May 24th. Pure Storage earned a daily sentiment score of 0.26 on Accern's scale. The business had revenue of $182.60 million during the quarter, compared to analyst estimates of $176.13 million. Pure Storage had a negative net margin of 31.62% and a negative return on equity of 44.04%. The company's revenue for the quarter was up 30.5% on a year-over-year basis. During the same period past year, the firm posted ($0.22) EPS. "(PSTG)" was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & worldwide trademark and copyright law. The correct version of this article can be viewed at

Several equities research analysts have weighed in on the stock. Institutional investors own 34.45% of the company's stock. Jefferies Group LLC lifted their target price on shares of Pure Storage from $10.00 to $11.50 and gave the company a "hold" rating in a research note on Thursday, May 25th. Also, Director Michelangelo Volpi sold 19,086 shares of the company's stock in a transaction that occurred on Friday, June 9th. BidaskClub downgraded shares of Pure Storage from a "buy" rating to a "hold" rating in a research note on Saturday, June 10th. Morgan Stanley cut shares of Pure Storage from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $17.00 to $12.00 in a research note on Thursday, May 18th. Robert W. Baird maintained Pure Storage Inc (NYSE:PSTG) on Friday, May 26 with "Hold" rating. Wells Fargo & Company reissued a "market perform" rating on shares of Pure Storage in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. First Trust Advisors bought a new stake in stocks of Pure Storage during the Q1 assessed at roughly $135,000. The stock was sold at an average price of $12.81, for a total transaction of $131,276.88. The stock was unloaded at a price range of of $13.12, amounting $65,600.00. after the transaction, the CFO has an ownership of 245,703 stocks in the company, worth at $3,223,623.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The disclosure for this sale can be found here. 2,367,489 shares of the company traded hands. The Company is focused on delivering software-defined all-flash solutions that are fast and cloud-capable for customers, enabling customers to put data to work for their businesses.

Renaissance Technologies raised its position in Pure Storage by 480.2% in the Q1. Its data platform replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory.