Pure Storage, Inc. (NYSE:PSTG) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 193.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,615 shares of the technology company's stock after buying an additional 78,233 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Pure Storage were worth $7,287,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in shares of Pure Storage in the third quarter worth about $31,000. Larson Financial Group LLC boosted its position in shares of Pure Storage by 49.1% in the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company's stock worth $32,000 after purchasing an additional 212 shares during the period. Venturi Wealth Management LLC increased its stake in shares of 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 in the last quarter. Covestor Ltd raised its position in shares of Pure Storage by 175.3% during the 3rd quarter. Covestor Ltd now owns 991 shares of the technology company's stock valued at $50,000 after purchasing an additional 631 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Pure Storage during the 3rd quarter valued at $50,000. 83.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the completion of the sale, the insider now owns 7,316,722 shares in the company, valued at $479,611,127.10. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ajay Singh sold 19,972 shares of the business's stock in a transaction 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 directly owns 262,144 shares of the company's stock, valued at approximately $16,142,827.52. The trade was a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,178 shares of company stock valued at $8,871,746 in the last ninety days. Corporate insiders own 6.00% of the company's stock.

Pure Storage Trading Up 1.6 %

Shares of NYSE PSTG traded up $1.05 during trading hours on Monday, reaching $66.47. The stock had a trading volume of 1,871,415 shares, compared to its average volume of 2,272,399. Pure Storage, Inc. has a 52-week low of $37.26 and a 52-week high of $70.41. The firm has a market cap of $21.69 billion, a price-to-earnings ratio of 174.94, a P/E/G ratio of 7.81 and a beta of 1.09. The business's fifty day moving average price is $59.63 and its two-hundred day moving average price is $56.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PSTG shares. Evercore ISI raised their price target on Pure Storage from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price target on Pure Storage from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. TD Cowen lifted their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Piper Sandler upgraded shares of Pure Storage from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $56.00 to $76.00 in a research report on Wednesday, December 4th. Finally, Morgan Stanley lifted their price target on shares of Pure Storage from $62.00 to $72.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. One equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.70.

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.