Pure Storage, Inc. (NYSE:PSTG) Shares Sold by Pure Financial Advisors LLC

Pure Financial Advisors LLC lowered its position in Pure Storage, Inc. (NYSE:PSTG) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,478 shares of the technology company’s stock after selling 428 shares during the quarter. Pure Financial Advisors LLC’s holdings in Pure Storage were worth $1,442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PSTG. FMR LLC increased its stake in shares of Pure Storage by 0.8% in the third quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock worth $2,469,487,000 after buying an additional 368,643 shares during the last quarter. State Street Corp increased its position in shares of Pure Storage by 6.5% in the 3rd quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock worth $515,596,000 after purchasing an additional 626,427 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Pure Storage by 3.2% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,684,218 shares of the technology company’s stock valued at $285,575,000 after purchasing an additional 177,559 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Pure Storage by 4.3% during the third quarter. Geode Capital Management LLC now owns 5,382,095 shares of the technology company’s stock worth $269,798,000 after purchasing an additional 219,971 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Pure Storage by 22.5% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company’s stock valued at $204,163,000 after buying an additional 747,034 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Price Performance

Pure Storage stock opened at $70.08 on Wednesday. Pure Storage, Inc. has a 12-month low of $38.78 and a 12-month high of $70.41. The stock has a market capitalization of $22.86 billion, a PE ratio of 184.43, a price-to-earnings-growth ratio of 8.00 and a beta of 1.09. The firm has a 50 day simple moving average of $59.91 and a 200-day simple moving average of $56.74.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PSTG shares. Guggenheim lifted their target price on Pure Storage from $72.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. William Blair reiterated an “outperform” rating on shares of Pure Storage in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on shares of Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Needham & Company LLC boosted their price objective on shares of Pure Storage from $62.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, TD Cowen raised their target price on shares of Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Pure Storage presently has an average rating of “Moderate Buy” and a consensus price target of $72.70.

Insider Buying and Selling at Pure Storage

In other news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the completion of the transaction, the insider now owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This trade represents a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ajay Singh sold 19,972 shares of Pure Storage stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the completion of the transaction, the insider now directly owns 262,144 shares in the company, valued at $16,142,827.52. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,178 shares of company stock valued at $8,871,746. 6.00% of the stock is owned by corporate insiders.

Pure Storage 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.