Renaissance Technologies LLC Sells 24,800 Shares of Pure Storage, Inc. (NYSE:PSTG)

Renaissance Technologies LLC trimmed its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,653,312 shares of the technology company's stock after selling 24,800 shares during the quarter. Renaissance Technologies LLC owned about 1.12% of Pure Storage worth $224,423,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Pure Storage by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 33,443,732 shares of the technology company's stock valued at $2,054,448,000 after purchasing an additional 615,931 shares in the last quarter. State Street Corp lifted its stake in Pure Storage by 6.5% during the 3rd quarter. State Street Corp now owns 10,262,666 shares of the technology company's stock valued at $515,596,000 after acquiring an additional 626,427 shares during the period. Geode Capital Management LLC lifted its stake in Pure Storage by 25.4% during the 4th quarter. Geode Capital Management LLC now owns 6,748,553 shares of the technology company's stock valued at $413,982,000 after acquiring an additional 1,366,458 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Pure Storage by 3.2% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 5,684,218 shares of the technology company's stock valued at $285,575,000 after acquiring an additional 177,559 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Pure Storage by 18.8% in the fourth quarter. Invesco Ltd. now owns 4,162,081 shares of the technology company's stock worth $255,677,000 after acquiring an additional 657,175 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

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Pure Storage Trading Down 2.1 %

PSTG traded down $0.89 during trading on Friday, hitting $41.03. 3,781,097 shares of the company traded hands, compared to its average volume of 3,139,074. The company has a market cap of $13.38 billion, a PE ratio of 107.98, a P/E/G ratio of 5.12 and a beta of 1.08. The stock's 50-day simple moving average is $53.63 and its two-hundred day simple moving average is $56.78. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $73.67.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Pure Storage from $77.00 to $73.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Morgan Stanley raised their price target on Pure Storage from $62.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. StockNews.com cut Pure Storage from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. UBS Group raised their target price on Pure Storage from $47.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, February 27th. Finally, Citigroup cut their price target on Pure Storage from $80.00 to $77.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Pure Storage presently has a consensus rating of "Moderate Buy" and an average target price of $72.05.

Pure Storage Company 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.