Retireful LLC Invests $1.46 Million in Pure Storage, Inc. (NYSE:PSTG)

Retireful LLC purchased a new stake in Pure Storage, Inc. (NYSE:PSTG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 23,839 shares of the technology company's stock, valued at approximately $1,464,000.

Other hedge funds have also added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in Pure Storage during the 3rd quarter worth $31,000. Larson Financial Group LLC boosted its position in shares of Pure Storage by 49.1% in the 3rd quarter. Larson Financial Group LLC now owns 644 shares of the technology company's stock worth $32,000 after purchasing an additional 212 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Pure Storage by 40.9% during the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company's stock worth $38,000 after purchasing an additional 219 shares during the period. nVerses Capital LLC bought a new stake in Pure Storage in the third quarter valued at about $50,000. Finally, Covestor Ltd lifted its stake in Pure Storage by 175.3% in the third quarter. Covestor Ltd now owns 991 shares of the technology company's stock valued at $50,000 after buying an additional 631 shares during the period. Institutional investors own 83.42% of the company's stock.

Insider Activity at Pure Storage

In other news, insider Ajay Singh sold 19,972 shares of the company's stock in a transaction dated 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 approximately $16,142,827.52. This represents a 7.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $57.32, for a total value of $5,732,000.00. Following the transaction, the insider now owns 300,000 shares of the company's stock, valued at $17,196,000. The trade was a 25.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,178 shares of company stock valued at $14,603,746. Insiders own 6.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Pure Storage from $62.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Needham & Company LLC boosted their price objective on shares of Pure Storage from $62.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Guggenheim increased their target price on shares of Pure Storage from $72.00 to $93.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Wells Fargo & Company boosted their price target on shares of Pure Storage from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Oppenheimer assumed coverage on shares of Pure Storage in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.70.

Pure Storage Trading Up 1.6 %

Shares of Pure Storage stock traded up $1.05 during trading hours on Friday, reaching $66.47. 1,871,415 shares of the company's stock were exchanged, compared to its average volume of 2,357,847. The company has a 50 day moving average of $59.63 and a two-hundred day moving average of $56.81. The stock has a market cap of $21.69 billion, a P/E ratio of 174.94, a P/E/G ratio of 7.81 and a beta of 1.09. Pure Storage, Inc. has a fifty-two week low of $37.26 and a fifty-two week high of $70.41.

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.