21,001 Shares in Pure Storage, Inc. (NYSE:PSTG) Bought by Strategic Advisors LLC

Strategic Advisors LLC acquired 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,001 shares of the technology company's stock, valued at approximately $1,290,000.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of Pure Storage by 0.8% during the third quarter. FMR LLC now owns 49,153,797 shares of the technology company's stock valued at $2,469,487,000 after purchasing an additional 368,643 shares during the period. State Street Corp raised its holdings 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 purchasing an additional 626,427 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in shares of 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 valued at $285,575,000 after purchasing an additional 177,559 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 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 holdings 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 acquiring an additional 747,034 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Analysts Set New Price Targets

PSTG has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Pure Storage from $45.00 to $47.00 and gave the stock a "sell" rating in a report on Wednesday, December 4th. Evercore ISI upped 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. TD Cowen upped their target price on shares of Pure Storage from $70.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Lake Street Capital upped their target price on shares of Pure Storage from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Morgan Stanley upped their target price on shares of Pure Storage from $62.00 to $72.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.70.

Insider Activity at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of the firm'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 transaction, the insider now owns 7,316,722 shares of the company's stock, valued at $479,611,127.10. This trade represents a 1.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $1,229,875.76. Following the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 137,178 shares of company stock valued at $8,871,746 in the last 90 days. Corporate insiders own 6.00% of the company's stock.

Pure Storage Trading Down 0.0 %

NYSE PSTG traded down $0.01 on Thursday, hitting $67.88. The company's stock had a trading volume of 1,665,372 shares, compared to its average volume of 2,288,781. Pure Storage, Inc. has a 52-week low of $38.78 and a 52-week high of $73.67. The company's 50-day simple moving average is $66.10 and its 200 day simple moving average is $57.94. The firm has a market cap of $22.15 billion, a P/E ratio of 178.64, a PEG ratio of 5.20 and a beta of 1.09.

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.