New York State Teachers Retirement System Has $18.73 Million Stock Holdings in Pure Storage, Inc. (NYSE:PSTG)

New York State Teachers Retirement System lowered its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 304,871 shares of the technology company's stock after selling 11,512 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Pure Storage worth $18,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSTG. FMR LLC grew its holdings in shares of Pure Storage by 0.8% during 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 last quarter. State Street Corp grew its holdings in shares of 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 during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Pure Storage by 4.3% during the third 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 during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of 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 valued at $204,163,000 after purchasing an additional 747,034 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Pure Storage from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. UBS Group increased their price objective on Pure Storage from $45.00 to $47.00 and gave the stock a "sell" rating in a report on Wednesday, December 4th. Lake Street Capital increased their price objective on Pure Storage from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. TD Cowen increased their price objective on Pure Storage from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Oppenheimer assumed coverage on Pure Storage in a report on Wednesday, November 13th. They issued an "outperform" rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $72.70.

Insider Activity

In other news, insider Ajay Singh sold 19,972 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total value of $1,229,875.76. Following the completion of the sale, the insider now owns 262,144 shares in the company, valued at $16,142,827.52. This represents a 7.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mona Chu sold 8,311 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $62.16, for a total value 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. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,178 shares of company stock worth $8,871,746. Insiders own 6.00% of the company's stock.

Pure Storage Price Performance

Shares of NYSE:PSTG traded down $0.01 on Thursday, reaching $67.88. 1,665,369 shares of the company traded hands, compared to its average volume of 2,288,772. Pure Storage, Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $73.67. The company's 50 day moving average is $66.10 and its 200-day moving average is $57.94. The stock has a market capitalization of $22.15 billion, a PE ratio of 178.64, a P/E/G ratio of 5.20 and a beta of 1.09.

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.