Toronto Dominion Bank Has $2.02 Million Stock Holdings in Pure Storage, Inc. (NYSE:PSTG)

Toronto Dominion Bank increased its position in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 30.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 40,276 shares of the technology company's stock after purchasing an additional 9,315 shares during the period. Toronto Dominion Bank's holdings in Pure Storage were worth $2,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PSTG. Larson Financial Group LLC grew its stake in Pure Storage by 242.9% in the second quarter. Larson Financial Group LLC now owns 432 shares of the technology company's stock valued at $28,000 after purchasing an additional 306 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Pure Storage in the third quarter valued at approximately $31,000. Venturi Wealth Management LLC grew its position in Pure Storage by 40.9% in the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company's stock worth $38,000 after acquiring an additional 219 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Pure Storage by 174.4% during the 2nd quarter. Blue Trust Inc. now owns 741 shares of the technology company's stock worth $48,000 after purchasing an additional 471 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Pure Storage during the 3rd quarter valued at $50,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PSTG has been the topic of several analyst reports. Piper Sandler raised shares of Pure Storage from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $56.00 to $76.00 in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on Pure Storage from $60.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. UBS Group increased their price target on Pure Storage from $45.00 to $47.00 and gave the company a "sell" rating in a report on Wednesday, December 4th. Evercore ISI boosted their price objective on shares of Pure Storage from $70.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company raised their target price on shares of Pure Storage from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.10.

Pure Storage Price Performance

Shares of NYSE:PSTG traded up $2.91 during midday trading on Monday, reaching $66.62. 3,378,230 shares of the company's stock were exchanged, compared to its average volume of 3,670,065. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 1.77. The company's 50 day simple moving average is $54.29 and its two-hundred day simple moving average is $56.84. Pure Storage, Inc. has a 12 month low of $34.32 and a 12 month high of $70.41. The firm has a market capitalization of $21.83 billion, a PE ratio of 175.61, a price-to-earnings-growth ratio of 7.69 and a beta of 1.13.

Insider Activity

In related news, CRO Dan Fitzsimons sold 8,895 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.67, for a total transaction of $450,709.65. Following the completion of the sale, the executive now owns 94,446 shares in the company, valued at $4,785,578.82. This trade represents a 8.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the transaction, the insider now directly owns 500,000 shares of the company's stock, valued at $24,970,000. This represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 454,542 shares of company stock worth $25,154,030. Company insiders own 6.00% of the company's stock.

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.