Achmea Investment Management B.V. Purchases Shares of 32,119 Pure Storage, Inc. (NYSE:PSTG)

Achmea Investment Management B.V. purchased a new position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,119 shares of the technology company's stock, valued at approximately $1,973,000.

Several other institutional investors have also modified their holdings of the company. Covestor Ltd lifted its holdings in Pure Storage by 175.3% in the third quarter. Covestor Ltd now owns 991 shares of the technology company's stock worth $50,000 after purchasing an additional 631 shares during the period. Sigma Planning Corp lifted its holdings in Pure Storage by 35.6% in the third quarter. Sigma Planning Corp now owns 7,031 shares of the technology company's stock worth $353,000 after purchasing an additional 1,847 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Pure Storage by 9.0% in the third quarter. Crossmark Global Holdings Inc. now owns 21,555 shares of the technology company's stock worth $1,082,000 after purchasing an additional 1,783 shares during the period. Venturi Wealth Management LLC lifted its holdings in Pure Storage by 40.9% in the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company's stock worth $38,000 after purchasing an additional 219 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Pure Storage by 6.9% in the third quarter. Victory Capital Management Inc. now owns 230,393 shares of the technology company's stock worth $11,575,000 after purchasing an additional 14,901 shares during the period. Institutional investors own 83.42% of the company's stock.

Remove Ads

Insider Activity

In related news, CRO Dan Fitzsimons sold 8,895 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total value of $570,258.45. Following the transaction, the executive now owns 72,927 shares in the company, valued at approximately $4,675,349.97. This represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ajay Singh sold 19,972 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now 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. 6.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PSTG shares. Bank of America reduced their price objective on shares of Pure Storage from $77.00 to $73.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Lake Street Capital upped their price target on shares of Pure Storage from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Stifel Nicolaus upped their price target on shares of Pure Storage from $60.00 to $65.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price target on shares of Pure Storage from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Citigroup cut their price target on shares of Pure Storage from $80.00 to $77.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.20.

Pure Storage Stock Up 3.4 %

Shares of PSTG traded up $1.69 during trading hours on Wednesday, reaching $51.56. The company's stock had a trading volume of 2,954,714 shares, compared to its average volume of 3,031,483. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 135.69, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 1-year low of $44.76 and a 1-year high of $73.67. The company has a 50 day moving average of $62.32 and a two-hundred day moving average of $57.33.

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.