Pure Storage (NYSE: PSTG) sees BlackRock disclose 10.1% ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended ownership report on Pure Storage, Inc., disclosing beneficial ownership of 33,158,593 shares of Pure Storage Class A stock, representing 10.1% of the class.
BlackRock has sole power to vote 31,172,808 of these shares and sole power to dispose of 33,158,593 shares, with no shared voting or dispositive power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Pure Storage. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of Pure Storage’s outstanding common shares.
Positive
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Negative
- None.
FAQ
How much of Pure Storage (PSTG) does BlackRock report owning in this Schedule 13G/A?
BlackRock reports beneficial ownership of 33,158,593 shares of Pure Storage Class A stock, representing 10.1% of the outstanding class.
What dispositive power does BlackRock hold over its Pure Storage (PSTG) stake?
BlackRock has sole power to dispose of 33,158,593 Pure Storage shares and no shared dispositive power over the stock.
Is BlackRock’s Pure Storage (PSTG) position considered passive or for control purposes?
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Pure Storage.
Do any single BlackRock clients hold more than 5% of Pure Storage (PSTG)?
The disclosure notes that various persons have rights to dividends or sale proceeds, but no one person’s interest exceeds five percent of Pure Storage’s total outstanding common shares.
Who signed the BlackRock ownership report on Pure Storage (PSTG)?
The statement was signed by Spencer Fleming, identified as a Managing Director of BlackRock, Inc.