Natixis Advisors LLC Purchases 51,127 Shares of Pure Storage, Inc. (NYSE:PSTG)

Natixis Advisors LLC grew its holdings in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 85.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,834 shares of the technology company's stock after buying an additional 51,127 shares during the quarter. Natixis Advisors LLC's holdings in Pure Storage were worth $6,809,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its position 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 buying an additional 368,643 shares in the last quarter. State Street Corp raised its position in Pure Storage by 6.5% during the third quarter. State Street Corp now owns 10,262,666 shares of the technology company's stock valued at $515,596,000 after purchasing an additional 626,427 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in Pure Storage by 3.2% during the third quarter. Disciplined Growth Investors Inc. MN now owns 5,684,218 shares of the technology company's stock valued at $285,575,000 after purchasing an additional 177,559 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Pure Storage by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,382,095 shares of the technology company's stock valued at $269,798,000 after purchasing an additional 219,971 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings 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 purchasing an additional 747,034 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In related news, insider Ajay Singh sold 19,972 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the sale, the insider now owns 262,144 shares of the company's stock, valued at approximately $16,142,827.52. This represents a 7.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on PSTG. UBS Group increased their price objective on shares of Pure Storage from $47.00 to $50.00 and gave the company a "sell" rating in a research note on Thursday, February 27th. Piper Sandler upgraded Pure Storage from a "neutral" rating to an "overweight" rating and increased their price target for the company from $56.00 to $76.00 in a research note on Wednesday, December 4th. Barclays boosted their price objective on Pure Storage from $56.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 4th. StockNews.com downgraded Pure Storage from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, TD Cowen boosted their price target on Pure Storage from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $73.20.

Pure Storage Stock Up 0.2 %

Pure Storage stock traded up $0.08 during midday trading on Tuesday, reaching $52.96. The stock had a trading volume of 1,768,388 shares, compared to its average volume of 3,018,067. The firm has a market capitalization of $17.28 billion, a PE ratio of 139.37, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 12 month low of $44.76 and a 12 month high of $73.67. The firm's 50-day moving average price is $61.33 and its 200 day moving average price is $57.42.

About Pure Storage

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.