SeaCrest Wealth Management LLC Acquires New Holdings in Pure Storage, Inc. (NYSE:PSTG)

SeaCrest Wealth Management LLC bought a new stake 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 SEC. The fund bought 4,740 shares of the technology company's stock, valued at approximately $291,000.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Pure Storage by 0.8% in the third quarter. FMR LLC now owns 49,153,797 shares of the technology company's stock valued at $2,469,487,000 after acquiring an additional 368,643 shares in the last quarter. State Street Corp boosted 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 purchasing an additional 626,427 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in 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 purchasing an additional 177,559 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Pure Storage by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,382,095 shares of the technology company's stock valued at $269,798,000 after purchasing an additional 219,971 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Pure Storage by 22.5% in the 3rd 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 and hedge funds own 83.42% of the company's stock.

Pure Storage Stock Up 1.6 %

Shares of NYSE:PSTG traded up $1.05 during trading on Friday, reaching $66.47. 1,871,415 shares of the company traded hands, compared to its average volume of 2,272,399. Pure Storage, Inc. has a 1-year low of $37.26 and a 1-year high of $70.41. The firm has a market cap of $21.69 billion, a P/E ratio of 174.94, a price-to-earnings-growth ratio of 7.81 and a beta of 1.09. The firm has a fifty day simple moving average of $59.63 and a 200 day simple moving average of $56.81.

Insider Activity at Pure Storage

In related news, insider Ajay Singh sold 19,972 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $16,142,827.52. This trade represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Colgrove sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the completion of the sale, the insider now directly owns 7,316,722 shares of the company's stock, valued at $479,611,127.10. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,178 shares of company stock valued at $14,603,746. Insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Northland Securities reaffirmed a "market perform" rating and set a $63.00 target price (up from $59.00) on shares of Pure Storage in a report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on shares of Pure Storage from $60.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of Pure Storage from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Needham & Company LLC lifted their price target on shares of Pure Storage from $62.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, TD Cowen upped their price target on Pure Storage from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $72.70.

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.