Pure Storage, Inc. (NYSE:PSTG) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 44.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 640,980 shares of the technology company's stock after selling 521,673 shares during the period. Janus Henderson Group PLC owned 0.20% of Pure Storage worth $32,193,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp raised its position in Pure Storage by 56.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company's stock worth $237,345,000 after buying an additional 1,327,873 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Pure Storage by 22.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company's stock worth $204,163,000 after purchasing an additional 747,034 shares in the last quarter. FMR LLC lifted its position in Pure Storage by 0.8% in the third 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. Erste Asset Management GmbH purchased a new stake in Pure Storage in the 3rd quarter valued at approximately $15,857,000. Finally, AQR Capital Management LLC raised its stake in shares of Pure Storage by 52.0% during the 2nd quarter. AQR Capital Management LLC now owns 917,804 shares of the technology company's stock worth $58,932,000 after buying an additional 314,164 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Insider Transactions at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of the company's stock in a transaction on 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mona Chu sold 20,647 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $51.50, for a total value of $1,063,320.50. Following the completion of the sale, the chief accounting officer now owns 75,992 shares of the company's stock, valued at approximately $3,913,588. This trade represents a 21.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 454,542 shares of company stock worth $25,154,030 in the last ninety days. Insiders own 6.00% of the company's stock.

Pure Storage Trading Up 3.8 %

Shares of PSTG traded up $2.36 during mid-day trading on Friday, hitting $64.92. The company had a trading volume of 4,825,818 shares, compared to its average volume of 3,396,470. Pure Storage, Inc. has a 1-year low of $31.90 and a 1-year high of $70.41. The company has a quick ratio of 1.96, a current ratio of 1.77 and a debt-to-equity ratio of 0.07. The business's 50-day simple moving average is $53.04 and its 200-day simple moving average is $56.86. The stock has a market cap of $21.27 billion, a PE ratio of 170.85, a P/E/G ratio of 8.87 and a beta of 1.13.

Analysts Set New Price Targets

PSTG has been the topic of a number of analyst reports. TD Cowen lifted their price target on Pure Storage from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday. Oppenheimer began coverage on shares of Pure Storage in a research report on Wednesday, November 13th. They set an "outperform" rating and a $70.00 price target for the company. Citigroup lifted their price objective on Pure Storage from $63.00 to $75.00 and gave the stock a "buy" rating in a report on Wednesday. UBS Group upped their target price on Pure Storage from $45.00 to $47.00 and gave the company a "sell" rating in a report on Wednesday. Finally, Evercore ISI increased their price target on shares of Pure Storage from $70.00 to $75.00 and gave the company an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $72.10.

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.