Xponance Inc. Has $4.90 Million Holdings in Pure Storage, Inc. (NYSE:PSTG)

Xponance Inc. lifted its position in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,766 shares of the technology company's stock after buying an additional 5,909 shares during the quarter. Xponance Inc.'s holdings in Pure Storage were worth $4,900,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Pure Storage by 0.8% in the third quarter. FMR LLC now owns 49,153,797 shares of the technology company's stock worth $2,469,487,000 after acquiring an additional 368,643 shares in the last quarter. State Street Corp boosted its holdings in Pure Storage by 6.5% in the third quarter. State Street Corp now owns 10,262,666 shares of the technology company's stock worth $515,596,000 after purchasing an additional 626,427 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Pure Storage by 3.2% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,684,218 shares of the technology company's stock worth $285,575,000 after purchasing an additional 177,559 shares in the last quarter. Geode Capital Management LLC increased its position in Pure Storage by 4.3% during the third quarter. Geode Capital Management LLC now owns 5,382,095 shares of the technology company's stock worth $269,798,000 after buying an additional 219,971 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Pure Storage by 22.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company's stock valued at $204,163,000 after buying an additional 747,034 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

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Insider Activity at Pure Storage

In related news, CRO Dan Fitzsimons sold 8,895 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total transaction of $570,258.45. Following the sale, the executive now directly owns 72,927 shares in the company, valued at $4,675,349.97. This represents a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,229,875.76. Following the sale, the insider now directly owns 262,144 shares of the company's stock, valued at $16,142,827.52. This represents a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PSTG has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Pure Storage from $60.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Barclays increased their price target on Pure Storage from $56.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. Piper Sandler upgraded shares of Pure Storage from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $56.00 to $76.00 in a research note on Wednesday, December 4th. Morgan Stanley raised their target price 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. Finally, Lake Street Capital boosted their target price on shares of Pure Storage from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.20.

Pure Storage Trading Up 3.4 %

NYSE PSTG traded up $1.74 on Monday, reaching $52.89. The company's stock had a trading volume of 2,107,339 shares, compared to its average volume of 3,018,163. Pure Storage, Inc. has a 52 week low of $44.76 and a 52 week high of $73.67. The firm has a market cap of $17.25 billion, a PE ratio of 139.19, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09. The business has a 50-day moving average price of $61.53 and a 200 day moving average price of $57.38.

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.