Robeco Institutional Asset Management B.V. Sells 42,290 Shares of Pure Storage, Inc. (NYSE:PSTG)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 13.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 280,296 shares of the technology company's stock after selling 42,290 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.09% of Pure Storage worth $17,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cherry Creek Investment Advisors Inc. lifted its position in Pure Storage by 0.3% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 67,232 shares of the technology company's stock worth $4,130,000 after purchasing an additional 189 shares during the period. Nvwm LLC lifted its holdings in shares of Pure Storage by 23.3% in the third quarter. Nvwm LLC now owns 1,027 shares of the technology company's stock valued at $52,000 after buying an additional 194 shares during the period. Larson Financial Group LLC boosted its stake in Pure Storage by 49.1% during the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company's stock valued at $32,000 after buying an additional 212 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Pure Storage by 40.9% during the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company's stock valued at $38,000 after buying an additional 219 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in Pure Storage by 3.1% during the fourth quarter. Brookstone Capital Management now owns 7,917 shares of the technology company's stock worth $486,000 after acquiring an additional 240 shares during the period. Institutional investors own 83.42% of the company's stock.

Insider Buying and Selling

In other news, 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 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 trade represents a 7.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mona Chu sold 8,311 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $62.16, for a total transaction of $516,611.76. Following the completion of the sale, the chief accounting officer now owns 67,681 shares of the company's stock, valued at $4,207,050.96. This represents a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,178 shares of company stock worth $8,871,746. Corporate insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PSTG. JPMorgan Chase & Co. raised their price objective on shares of Pure Storage from $60.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Guggenheim raised 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. Citigroup upped their price target on Pure Storage from $63.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Oppenheimer initiated coverage on Pure Storage in a research note on Wednesday, November 13th. They set an "outperform" rating and a $70.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on Pure Storage from $60.00 to $65.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Pure Storage currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.70.

Pure Storage Trading Up 2.2 %

PSTG stock traded up $1.49 during midday trading on Tuesday, reaching $68.27. The company had a trading volume of 1,914,495 shares, compared to its average volume of 2,505,250. The company has a 50 day moving average of $63.62 and a two-hundred day moving average of $57.06. The company has a market capitalization of $22.27 billion, a P/E ratio of 179.67, a PEG ratio of 8.18 and a beta of 1.09. Pure Storage, Inc. has a 1 year low of $38.78 and a 1 year high of $73.67.

About Pure Storage

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.