Castleark Management LLC Has $163,000 Stock Position in Pure Storage, Inc. (NYSE:PSTG)

Castleark Management LLC reduced its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 77.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,250 shares of the technology company's stock after selling 10,940 shares during the quarter. Castleark Management LLC's holdings in Pure Storage were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PSTG. FMR LLC lifted its stake in shares of Pure Storage by 0.8% in the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company's stock valued at $2,469,487,000 after purchasing an additional 368,643 shares during the period. State Street Corp grew its position in shares of Pure Storage by 6.5% during the 3rd quarter. State Street Corp now owns 10,262,666 shares of the technology company's stock worth $515,596,000 after buying an additional 626,427 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Pure Storage by 22.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company's stock valued at $204,163,000 after acquiring an additional 747,034 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Pure Storage by 56.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company's stock valued at $237,345,000 after acquiring an additional 1,327,873 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Pure Storage by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,861,621 shares of the technology company's stock worth $143,768,000 after acquiring an additional 93,106 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Pure Storage Stock Up 3.8 %

Shares of Pure Storage stock traded up $2.36 during trading hours on Friday, reaching $64.92. 4,825,818 shares of the company's stock were exchanged, compared to its average volume of 3,396,470. The stock has a market cap of $21.27 billion, a P/E ratio of 170.84, a P/E/G ratio of 8.87 and a beta of 1.13. The company has a 50 day moving average of $53.04 and a two-hundred day moving average of $56.81. The company has a current ratio of 1.77, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. Pure Storage, Inc. has a fifty-two week low of $31.90 and a fifty-two week high of $70.41.

Insider Buying and Selling

In related news, CRO Dan Fitzsimons sold 8,895 shares of Pure Storage stock in a transaction dated Monday, September 23rd. The stock was 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 trade represents a 8.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 454,542 shares of company stock worth $25,154,030. Corporate insiders own 6.00% of the company's stock.

Analyst Ratings Changes

PSTG has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Pure Storage from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday. Northland Securities reiterated a "market perform" rating and set a $63.00 target price (up from $59.00) on shares of Pure Storage in a report on Wednesday. Lake Street Capital boosted their target price on Pure Storage from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday. Wedbush reaffirmed an "outperform" rating and set a $80.00 price target on shares of Pure Storage in a research report on Monday, August 26th. Finally, Guggenheim boosted their price objective on Pure Storage from $72.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. One 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $72.10.

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.