Pure Storage, Inc. (NYSE:PSTG) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 59.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,692 shares of the technology company's stock after purchasing an additional 24,232 shares during the quarter. Janney Montgomery Scott LLC's holdings in Pure Storage were worth $3,974,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Citigroup Inc. lifted its holdings in shares of Pure Storage by 11.3% in the 3rd quarter. Citigroup Inc. now owns 144,005 shares of the technology company's stock valued at $7,235,000 after buying an additional 14,659 shares during the period. TT International Asset Management LTD raised its position in Pure Storage by 1,160.1% in the third quarter. TT International Asset Management LTD now owns 73,085 shares of the technology company's stock worth $3,671,000 after acquiring an additional 67,285 shares in the last quarter. FMR LLC lifted its holdings 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 acquiring an additional 368,643 shares during the period. Bank of Montreal Can boosted its position in shares of Pure Storage by 92.0% during the 3rd quarter. Bank of Montreal Can now owns 193,563 shares of the technology company's stock worth $9,570,000 after purchasing an additional 92,762 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Pure Storage by 210.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company's stock worth $137,628,000 after purchasing an additional 1,730,123 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Pure Storage Stock Down 1.2 %

Shares of Pure Storage stock traded down $0.85 during trading hours on Monday, hitting $66.94. The company's stock had a trading volume of 1,611,556 shares, compared to its average volume of 2,495,671. The business has a fifty day moving average of $63.36 and a 200 day moving average of $57.02. Pure Storage, Inc. has a 1-year low of $38.78 and a 1-year high of $73.67. The company has a market capitalization of $21.84 billion, a PE ratio of 176.34, a P/E/G ratio of 8.18 and a beta of 1.09.

Insider Buying and Selling at Pure Storage

In related news, insider Ajay Singh sold 19,972 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the completion of the sale, the insider now directly owns 262,144 shares of the company's stock, valued at approximately $16,142,827.52. This trade represents a 7.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Colgrove sold 100,000 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the completion of the transaction, the insider now owns 7,316,722 shares in the company, valued at $479,611,127.10. This represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,178 shares of company stock valued at $8,871,746 over the last three months. 6.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Pure Storage from $62.00 to $72.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Citigroup upped their price target on shares of Pure Storage from $63.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Barclays raised their price objective on shares of Pure Storage from $56.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 4th. Lake Street Capital upped their target price on Pure Storage from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Evercore ISI boosted their target price 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.