Carillon Tower Advisers Inc. Has $8.62 Million Position in Pure Storage Inc (PSTG)

Carillon Tower Advisers Inc. cut its stake in shares of Pure Storage Inc (NYSE:PSTG) by 28.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 332,125 shares of the technology company’s stock after selling 131,775 shares during the period. Carillon Tower Advisers Inc. owned approximately 0.14% of Pure Storage worth $8,619,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Legal & General Group Plc lifted its holdings in Pure Storage by 12.5% during the second quarter. Legal & General Group Plc now owns 20,197 shares of the technology company’s stock worth $482,000 after acquiring an additional 2,248 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Pure Storage by 13.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,513 shares of the technology company’s stock worth $532,000 after acquiring an additional 2,471 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Pure Storage by 12.2% during the second quarter. D.A. Davidson & CO. now owns 23,545 shares of the technology company’s stock worth $562,000 after acquiring an additional 2,552 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Pure Storage by 169.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,090 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,570 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Pure Storage by 28.0% during the third quarter. IFP Advisors Inc now owns 16,950 shares of the technology company’s stock worth $440,000 after acquiring an additional 3,708 shares in the last quarter. 72.54% of the stock is owned by institutional investors and hedge funds.

In related news, President David Hatfield sold 50,253 shares of the company’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $27.46, for a total transaction of $1,379,947.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Timothy Riitters sold 14,945 shares of the company’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $25.25, for a total value of $377,361.25. The disclosure for this sale can be found here. Insiders have sold 189,417 shares of company stock worth $5,116,580 in the last quarter. 15.30% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. Piper Jaffray Companies reiterated an “overweight” rating and set a $25.00 target price on shares of Pure Storage in a report on Tuesday, November 20th. They noted that the move was a valuation call. Stifel Nicolaus lifted their target price on Pure Storage from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Pure Storage from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, November 22nd. Maxim Group reiterated a “hold” rating and set a $21.00 target price on shares of Pure Storage in a report on Tuesday, November 20th. Finally, Oppenheimer lifted their target price on Pure Storage from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.34.

Shares of Pure Storage stock opened at $18.91 on Monday. The stock has a market capitalization of $4.37 billion, a PE ratio of -22.51 and a beta of 1.76. Pure Storage Inc has a one year low of $15.81 and a one year high of $29.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.91 and a current ratio of 4.03.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Monday, November 19th. The technology company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The company had revenue of $372.80 million for the quarter, compared to analyst estimates of $367.37 million. Pure Storage had a negative return on equity of 25.00% and a negative net margin of 12.89%. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share. Analysts predict that Pure Storage Inc will post -0.58 earnings per share for the current fiscal year.

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About Pure Storage

Pure Storage, Inc engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operating Environment, an optimized software for solid-state memory that offers enterprise-class storage and protocol services; FlashArray and FlashBlade optimized hardware products for solid-state memory to enhance the performance and density of flash, optimize its advanced software services, and reduce solution cost for customers; Pure1, a cloud-based management and support software; and FlashStack, a converged infrastructure solution.

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

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