Integrity Wealth Solutions LLC Invests $622,000 in Pure Storage, Inc. (NYSE:PSTG)

Integrity Wealth Solutions LLC acquired a new position in Pure Storage, Inc. (NYSE:PSTG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,125 shares of the technology company's stock, valued at approximately $622,000.

Several other hedge funds have also recently bought and sold shares of PSTG. Cherry Creek Investment Advisors Inc. boosted its position in Pure Storage by 0.3% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 67,232 shares of the technology company's stock worth $4,130,000 after acquiring an additional 189 shares during the period. KBC Group NV raised its stake 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 valued at $2,428,000 after purchasing an additional 246 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Pure Storage in the fourth quarter worth about $1,253,000. Blue Trust Inc. grew its position in Pure Storage by 11.2% in the 4th quarter. Blue Trust Inc. now owns 4,634 shares of the technology company's stock valued at $285,000 after buying an additional 468 shares in the last quarter. Finally, PFG Investments LLC acquired a new position in Pure Storage during the 4th quarter valued at about $296,000. 83.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Pure Storage news, CAO Mona Chu sold 8,311 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.16, for a total transaction of $516,611.76. Following the completion of the sale, the chief accounting officer now owns 67,681 shares of the company's stock, valued at $4,207,050.96. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ajay Singh sold 19,972 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total value of $1,229,875.76. Following the transaction, the insider now owns 262,144 shares in the company, valued at approximately $16,142,827.52. This trade represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,178 shares of company stock valued at $8,871,746 in the last three months. Insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PSTG shares. Piper Sandler raised shares of Pure Storage from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $56.00 to $76.00 in a research note on Wednesday, December 4th. Morgan Stanley upped their target price on Pure Storage from $62.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Stifel Nicolaus lifted their price target on Pure Storage from $60.00 to $65.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Barclays upped their price objective on Pure Storage from $56.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. Finally, Citigroup lifted their target price on Pure Storage from $63.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.70.

Pure Storage Stock Down 0.7 %

Shares of Pure Storage stock traded down $0.49 on Friday, hitting $67.89. 1,928,917 shares of the company traded hands, compared to its average volume of 2,544,213. Pure Storage, Inc. has a 12-month low of $38.78 and a 12-month high of $73.67. The company has a 50-day moving average price of $63.03 and a 200 day moving average price of $57.07. The company has a market cap of $22.15 billion, a PE ratio of 178.66, a PEG ratio of 8.16 and a beta of 1.09.

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.