Hantz Financial Services Inc. reduced its position in Pure Storage, Inc. (NYSE:PSTG – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 186,146 shares of the technology company’s stock after selling 3,400 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.06% of Pure Storage worth $11,435,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Forsta AP Fonden increased its stake in shares of Pure Storage by 99.3% in the 4th quarter. Forsta AP Fonden now owns 134,500 shares of the technology company’s stock valued at $8,262,000 after acquiring an additional 67,000 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Pure Storage by 32.6% in the fourth quarter. Perigon Wealth Management LLC now owns 5,918 shares of the technology company’s stock valued at $387,000 after acquiring an additional 1,455 shares during the period. Integrity Wealth Solutions LLC bought a new stake in shares of Pure Storage during the fourth quarter valued at approximately $622,000. Cherry Creek Investment Advisors Inc. increased its holdings in shares of Pure Storage by 0.3% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 67,232 shares of the technology company’s stock valued at $4,130,000 after acquiring an additional 189 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Pure Storage by 0.6% during the fourth quarter. KBC Group NV now owns 39,523 shares of the technology company’s stock worth $2,428,000 after purchasing an additional 246 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PSTG shares. Needham & Company LLC lifted their price target 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. Guggenheim lifted their price objective on shares of Pure Storage from $72.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Evercore ISI upped their target price on shares of Pure Storage from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. UBS Group lifted their price target on Pure Storage from $45.00 to $47.00 and gave the company a “sell” rating in a research note on Wednesday, December 4th. Finally, Citigroup increased their price objective on Pure Storage from $63.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.70.
Pure Storage Stock Up 2.5 %
Pure Storage stock opened at $66.91 on Wednesday. The firm has a 50 day moving average price of $62.34 and a 200-day moving average price of $56.92. Pure Storage, Inc. has a twelve month low of $38.78 and a twelve month high of $73.67. The company has a market capitalization of $21.83 billion, a P/E ratio of 176.09, a P/E/G ratio of 8.72 and a beta of 1.09.
Insider Buying and Selling at Pure Storage
In other Pure Storage news, insider Ajay Singh sold 19,972 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the sale, the insider now owns 262,144 shares of the company’s stock, valued at $16,142,827.52. The trade was a 7.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total value of $6,555,000.00. Following the completion of the transaction, the insider now directly owns 7,316,722 shares of the company’s stock, valued at $479,611,127.10. The trade was a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,178 shares of company stock worth $8,871,746 over the last ninety days. 6.00% of the stock is currently owned by company insiders.
Pure Storage Company 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.
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