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Pure Storage, Inc. (NYSE:PSTG) Downgraded by ValuEngine

23 September 2017

Pure Storage, Inc., launched on October 2, 2009, provides a data platform. The CMF is based largely on the Accumulation Distribution Line; it compares the close value with the high and the low for that same day.

The recent development in Pure Storage, Inc.

Monitoring the indicators for Pure Storage Inc (PSTG), we have noticed that the Plus Directional Indicator is now higher than the Minus Directional Indicator. During last 3 month period, 3.72% of total institutional ownership has changed in the company shares. On average, equities research analysts expect that Pure Storage, Inc. will post ($0.21) earnings per share for the current fiscal year. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.31) by $0.20. Pure Storage had a negative return on equity of 46.12% and a negative net margin of 29.55%. Its revenue totaled $218.64 million up 19.72% from the previous quarter. During the same period in the prior year, the firm earned ($0.16) earnings per share. The firm's revenue was up 37.6% on a year-over-year basis. (NYSE:PSTG) that has shown a discernible change in trend levels over the path of recent market activity. BidaskClub lowered shares of Pure Storage from a "hold" rating to a "sell" rating in a report on Wednesday, September 13th. As of the end of the quarter Next Financial Group, Inc had sold a total of 500 shares trimming its position 24.8%. Vetr raised shares of Pure Storage from a "buy" rating to a "strong-buy" rating and set a $15.00 target price on the stock in a research report on Tuesday, May 30th.

Preliminary-magnitude 5.7 quake strikes off Northern California coast
A large natural disaster measuring 5.7, struck off the coast of Humboldt County on Friday afternoon, according to the U.S. The quake's epicenter was 17 miles south of Rio Dell, with a depth of 5.5 miles, according to the USGS.

Pure Storage, Inc. has a 52 week low of $9.12 and a 52 week high of $15.41. ValuEngine raised Pure Storage from a "sell" rating to a "hold" rating in a research report on Saturday, August 26th. 2,079,291 shares of the stock traded hands. The forecast of 11 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Jefferies Group LLC reissued a "hold" rating and set a $13.50 price objective on shares of Pure Storage in a report on Friday, August 25th. When the opening bell rang, the price was $14.83. Following the transaction, the chief financial officer now directly owns 282,200 shares in the company, valued at $4,108,832. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The shares were sold on July 6th for an average price of $12.81. The disclosure for this sale can be found here.

Meanwhile, Pure Storage's current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to one lower. The shares were purchased at an average price of $14.56. Gradient Investments LLC grew its stake in shares of Pure Storage by 10.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,171 shares of the technology company's stock worth $105,000 after acquiring an additional 2,284 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Pure Storage during the 1st quarter worth $135,000. Point72 Asia Hong Kong Ltd now owns 13,815 shares of the technology company's stock worth $136,000 after acquiring an additional 3,557 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Pure Storage by 364.2% in the first quarter. Gradient Investments LLC now owns 22,710 shares of the technology company's stock worth $291,000 after acquiring an additional 2,122 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Pure Storage by 641.5% during the 2nd quarter. If you are reading this report on another site, it was stolen and republished in violation of U.S. & global trademark & copyright law.

NYSE:PSTG) shares were trading higher by 0.69 percent ($0.1) at $14.68 a piece in Friday's session. The number of shares that were traded during the day was 4.29 million, which corresponds to its 3-month volume average of 1.61 million shares a day. The corporation has a market cap of US$3.15 Billion. PSTG's average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of PSTG's future price movements. Takes $754,000 Position in Pure Storage, Inc.

Pure Storage, Inc. (NYSE:PSTG) Downgraded by ValuEngine