Barclays PLC Purchases 27,345 Shares of Pure Storage, Inc. (NYSE:PSTG)

Barclays PLC grew its stake in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 316,911 shares of the technology company's stock after purchasing an additional 27,345 shares during the period. Barclays PLC owned approximately 0.10% of Pure Storage worth $15,921,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Pure Storage by 242.9% in the 2nd quarter. Larson Financial Group LLC now owns 432 shares of the technology company's stock valued at $28,000 after purchasing an additional 306 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Pure Storage in the 3rd quarter valued at about $31,000. Venturi Wealth Management LLC grew its stake in Pure Storage by 40.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company's stock worth $38,000 after acquiring an additional 219 shares during the period. Blue Trust Inc. increased its stake in Pure Storage by 174.4% in the second quarter. Blue Trust Inc. now owns 741 shares of the technology company's stock valued at $48,000 after purchasing an additional 471 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Pure Storage during the 3rd quarter worth about $50,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PSTG has been the subject of several research analyst reports. Northland Securities restated a "market perform" rating and set a $63.00 price target (up from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on shares of Pure Storage from $60.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Evercore ISI upped their price target on shares of Pure Storage from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Needham & Company LLC boosted their price objective on Pure Storage from $62.00 to $75.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, Barclays raised their target price on Pure Storage from $56.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $72.10.

Insider Transactions at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the completion of the sale, the insider now directly owns 500,000 shares of the company's stock, valued at approximately $24,970,000. This represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Dan Fitzsimons sold 8,895 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.67, for a total transaction of $450,709.65. Following the completion of the transaction, the executive now owns 94,446 shares in the company, valued at approximately $4,785,578.82. This represents a 8.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 462,853 shares of company stock valued at $25,670,642. Company insiders own 6.00% of the company's stock.

Pure Storage Stock Performance

Shares of NYSE:PSTG traded up $2.91 on Monday, hitting $66.62. The company's stock had a trading volume of 3,378,230 shares, compared to its average volume of 3,670,065. Pure Storage, Inc. has a 12 month low of $34.32 and a 12 month high of $70.41. The stock's 50-day moving average is $54.60 and its two-hundred day moving average is $56.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 1.77. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 175.30, a price-to-earnings-growth ratio of 7.69 and a beta of 1.13.

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.