Pure Storage, Inc. (NYSE:PSTG) Holdings Boosted by Aviva PLC

Aviva PLC grew its holdings in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 140.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,756 shares of the technology company's stock after buying an additional 109,089 shares during the quarter. Aviva PLC owned 0.06% of Pure Storage worth $11,472,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PSTG. TT International Asset Management LTD lifted its holdings in Pure Storage by 1,160.1% in the 3rd quarter. TT International Asset Management LTD now owns 73,085 shares of the technology company's stock worth $3,671,000 after buying an additional 67,285 shares in the last quarter. Sycomore Asset Management lifted its stake in shares of Pure Storage by 57.8% in the fourth quarter. Sycomore Asset Management now owns 187,874 shares of the technology company's stock worth $11,541,000 after acquiring an additional 68,840 shares in the last quarter. Asio Capital LLC purchased a new position in Pure Storage in the fourth quarter valued at about $264,000. Oak Thistle LLC acquired a new stake in Pure Storage during the 4th quarter valued at approximately $1,196,000. Finally, Franklin Resources Inc. increased its holdings in 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 last quarter. Hedge funds and other institutional investors own 83.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Pure Storage from $62.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. UBS Group lifted their price target on Pure Storage from $47.00 to $50.00 and gave the stock a "sell" rating in a research note on Thursday, February 27th. StockNews.com downgraded Pure Storage from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Piper Sandler decreased their target price on Pure Storage from $76.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America reduced their price objective on Pure Storage from $77.00 to $73.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $72.05.

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Pure Storage Trading Up 2.1 %

Shares of NYSE PSTG traded up $0.88 during midday trading on Monday, reaching $41.96. The company's stock had a trading volume of 326,668 shares, compared to its average volume of 3,128,135. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $73.67. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 110.42, a price-to-earnings-growth ratio of 5.12 and a beta of 1.08. The company has a 50 day moving average price of $53.63 and a 200 day moving average price of $56.78.

Pure Storage 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.