4,820 Shares in Pure Storage, Inc. (NYSE:PSTG) Acquired by PFG Investments LLC

PFG Investments LLC bought a new position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,820 shares of the technology company's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PSTG. Asio Capital LLC purchased a new stake in shares of Pure Storage in the 4th quarter valued at approximately $264,000. Linden Thomas Advisory Services LLC increased its holdings in Pure Storage by 6.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 21,432 shares of the technology company's stock valued at $1,317,000 after buying an additional 1,278 shares during the last quarter. Petredis Investment Advisors LLC acquired a new stake in Pure Storage in the fourth quarter valued at $201,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Pure Storage by 27.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 140,043 shares of the technology company's stock worth $8,603,000 after buying an additional 29,878 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new position in shares of Pure Storage during the 4th quarter worth about $37,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Pure Storage Stock Performance

Shares of PSTG stock traded up $1.49 on Tuesday, reaching $68.27. 1,914,495 shares of the company's stock traded hands, compared to its average volume of 2,505,250. The company has a market capitalization of $22.27 billion, a P/E ratio of 179.67, a price-to-earnings-growth ratio of 8.18 and a beta of 1.09. Pure Storage, Inc. has a 12-month low of $38.78 and a 12-month high of $73.67. The business's 50 day moving average price is $63.62 and its two-hundred day moving average price is $57.06.

Insider Buying and Selling at Pure Storage

In other news, insider John Colgrove sold 100,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the transaction, the insider now owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. The trade was a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ajay Singh sold 19,972 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $16,142,827.52. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,178 shares of company stock worth $8,871,746 over the last 90 days. 6.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group upped their price target on Pure Storage from $45.00 to $47.00 and gave the company a "sell" rating in a report on Wednesday, December 4th. Needham & Company LLC upped their target price on shares of Pure Storage from $62.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Northland Securities reiterated a "market perform" rating and set a $63.00 price target (up from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. Evercore ISI upped their price objective on shares of Pure Storage from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, Lake Street Capital lifted their target price on Pure Storage from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Pure Storage has a consensus rating of "Moderate Buy" and an average target price of $72.70.

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.