Pure Storage, Inc. (NYSE:PSTG) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 68,753 shares of the technology company’s stock after buying an additional 645 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Pure Storage were worth $4,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal London Asset Management Ltd. grew its holdings in Pure Storage by 103.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 142,560 shares of the technology company’s stock worth $8,757,000 after acquiring an additional 72,568 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in Pure Storage by 811.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 27,037 shares of the technology company’s stock worth $1,661,000 after acquiring an additional 24,070 shares during the period. Xponance Inc. grew its holdings in Pure Storage by 8.0% during the fourth quarter. Xponance Inc. now owns 79,766 shares of the technology company’s stock worth $4,900,000 after acquiring an additional 5,909 shares during the period. Thrivent Financial for Lutherans grew its holdings in Pure Storage by 0.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 73,249 shares of the technology company’s stock worth $4,500,000 after acquiring an additional 661 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in Pure Storage by 1,725.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,525,208 shares of the technology company’s stock worth $155,124,000 after acquiring an additional 2,386,864 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Bank of America dropped their price objective on Pure Storage from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus upped their target price on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Citigroup lowered their target price on Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Morgan Stanley upped their target price on Pure Storage from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.20.

Pure Storage Trading Up 0.6 %

NYSE PSTG opened at $51.11 on Monday. The business’s 50-day moving average price is $61.53 and its 200 day moving average price is $57.38. Pure Storage, Inc. has a twelve month low of $44.76 and a twelve month high of $73.67. The company has a market capitalization of $16.67 billion, a PE ratio of 134.51, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09.

Insider Buying and Selling

In other news, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total value of $1,229,875.76. Following the transaction, the insider now directly owns 262,144 shares in the company, valued at $16,142,827.52. This trade represents a 7.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Dan Fitzsimons sold 8,895 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total value of $570,258.45. Following the completion of the transaction, the executive now owns 72,927 shares in the company, valued at approximately $4,675,349.97. This trade represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company 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.