Sargent Investment Group LLC Makes New $549,000 Investment in Pure Storage, Inc. (NYSE:PSTG)

Sargent Investment Group LLC purchased a new position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,767 shares of the technology company's stock, valued at approximately $549,000.

Several other large investors have also modified their holdings of the stock. FMR LLC lifted its holdings 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 during the last quarter. State Street Corp increased its stake in shares of Pure Storage by 6.5% during the third 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. Disciplined Growth Investors Inc. MN boosted its holdings in Pure Storage by 3.2% during 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 buying an additional 177,559 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted 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 worth $204,163,000 after buying an additional 747,034 shares in the last quarter. Institutional investors own 83.42% of the company's stock.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 19,972 shares of the business'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 transaction, the insider now directly owns 262,144 shares in the company, valued at $16,142,827.52. The trade was a 7.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the completion of the transaction, the insider now owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This trade represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,178 shares of company stock worth $8,871,746 over the last ninety days. Corporate insiders own 6.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Pure Storage from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Citigroup lifted their target price on shares of Pure Storage from $63.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Northland Securities restated a "market perform" rating and set a $63.00 price target (up previously from $59.00) on shares of Pure Storage in a report on Wednesday, December 4th. Oppenheimer initiated coverage on shares of Pure Storage in a report on Wednesday, November 13th. They set an "outperform" rating and a $70.00 price target on the stock. Finally, Evercore ISI lifted their target price on shares of Pure Storage from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $72.70.

Pure Storage Price Performance

Shares of Pure Storage stock traded down $0.64 during trading on Friday, hitting $69.08. 1,938,134 shares of the company's stock traded hands, compared to its average volume of 2,416,183. The firm's fifty day moving average price is $64.89 and its 200 day moving average price is $57.36. Pure Storage, Inc. has a twelve month low of $38.78 and a twelve month high of $73.67. The company has a market cap of $22.54 billion, a PE ratio of 181.78, a PEG ratio of 5.26 and a beta of 1.09.

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.