Pure Storage, Inc. (NYSE:PSTG) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL lifted its position in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,444,714 shares of the technology company's stock after acquiring an additional 317,712 shares during the quarter. Blair William & Co. IL owned 1.06% of Pure Storage worth $211,609,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PSTG. Artisan Partners Limited Partnership bought a new stake in Pure Storage in the fourth quarter worth about $210,906,000. William Blair Investment Management LLC raised its holdings in shares of Pure Storage by 1,725.3% in the fourth quarter. William Blair Investment Management LLC now owns 2,525,208 shares of the technology company's stock worth $155,124,000 after buying an additional 2,386,864 shares during the period. Franklin Resources Inc. lifted 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 acquiring an additional 1,730,123 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Pure Storage during the 4th quarter worth approximately $70,971,000. Finally, American Century Companies Inc. boosted its holdings in Pure Storage by 262.4% during the 4th quarter. American Century Companies Inc. now owns 893,410 shares of the technology company's stock valued at $54,882,000 after acquiring an additional 646,875 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stifel Nicolaus increased their target price on Pure Storage from $60.00 to $65.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. TD Cowen raised their price target on shares of Pure Storage from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Evercore ISI lifted their price objective on shares of Pure Storage from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Bank of America dropped their target price on shares of Pure Storage from $77.00 to $73.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Pure Storage from $60.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.20.

Pure Storage Trading Down 3.6 %

Shares of PSTG traded down $1.67 during midday trading on Monday, hitting $44.33. 1,366,404 shares of the company's stock traded hands, compared to its average volume of 3,081,408. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 116.73, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 1 year low of $43.73 and a 1 year high of $73.67. The firm's fifty day moving average is $60.09 and its 200-day moving average is $57.50.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 19,972 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 262,144 shares in the company, valued at approximately $16,142,827.52. This represents a 7.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.00% of the stock is currently owned by company insiders.

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.