Pure Storage, Inc. (NYSE:PSTG) Holdings Boosted by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board boosted its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,941 shares of the technology company's stock after purchasing an additional 9,315 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Pure Storage were worth $1,225,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CreativeOne Wealth LLC acquired a new position in shares of Pure Storage during the 4th quarter worth approximately $303,000. Mariner LLC raised its position in shares of Pure Storage by 15.7% in the fourth quarter. Mariner LLC now owns 31,281 shares of the technology company's stock valued at $1,922,000 after buying an additional 4,237 shares during the last quarter. Seeds Investor LLC boosted its holdings in shares of Pure Storage by 18.4% during the fourth quarter. Seeds Investor LLC now owns 5,402 shares of the technology company's stock worth $332,000 after purchasing an additional 838 shares during the last quarter. Townsquare Capital LLC increased its position in Pure Storage by 9.6% during the fourth quarter. Townsquare Capital LLC now owns 80,480 shares of the technology company's stock worth $4,944,000 after purchasing an additional 7,036 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Pure Storage by 1.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 103,350 shares of the technology company's stock valued at $6,349,000 after acquiring an additional 1,568 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Pure Storage Stock Down 4.0 %

Shares of PSTG traded down $1.69 during mid-day trading on Monday, hitting $40.06. The stock had a trading volume of 265,209 shares, compared to its average volume of 3,113,530. Pure Storage, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $73.67. The company has a market cap of $13.06 billion, a PE ratio of 105.43, a PEG ratio of 5.12 and a beta of 1.08. The company's fifty day simple moving average is $50.84 and its two-hundred day simple moving average is $56.50.

Analysts Set New Price Targets

A number of brokerages have weighed in on PSTG. StockNews.com cut shares of Pure Storage from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Piper Sandler decreased their price target on shares of Pure Storage from $76.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America cut their price objective on Pure Storage from $77.00 to $73.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $75.00 target price on shares of Pure Storage in a research report on Thursday, February 27th. Finally, UBS Group raised their target price on Pure Storage from $47.00 to $50.00 and gave the company a "sell" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Pure Storage currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.95.

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.