TT International Asset Management LTD Has $2.73 Million Position in Pure Storage, Inc. (NYSE:PSTG)

TT International Asset Management LTD lessened its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,400 shares of the technology company's stock after selling 28,685 shares during the period. TT International Asset Management LTD's holdings in Pure Storage were worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PSTG. Sycomore Asset Management bought a new stake in Pure Storage during the second quarter worth $2,259,000. Citigroup Inc. lifted its position in shares of Pure Storage by 11.3% during the 3rd quarter. Citigroup Inc. now owns 144,005 shares of the technology company's stock worth $7,235,000 after buying an additional 14,659 shares during the last quarter. FMR LLC lifted its position in shares of Pure Storage by 0.8% during the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company's stock worth $2,469,487,000 after buying an additional 368,643 shares during the last quarter. Bank of Montreal Can boosted its stake in Pure Storage by 92.0% in the third quarter. Bank of Montreal Can now owns 193,563 shares of the technology company's stock valued at $9,570,000 after buying an additional 92,762 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Pure Storage by 210.2% in the third quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company's stock valued at $137,628,000 after acquiring an additional 1,730,123 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PSTG. JPMorgan Chase & Co. increased their target price on shares of Pure Storage from $60.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Northland Securities reissued a "market perform" rating and issued a $63.00 price objective (up previously from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. Stifel Nicolaus boosted their target price on shares of Pure Storage from $60.00 to $65.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Guggenheim upped their price target 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. Finally, TD Cowen raised their price objective on Pure Storage from $70.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Pure Storage has a consensus rating of "Moderate Buy" and an average price target of $72.70.

Pure Storage Trading Down 3.2 %

PSTG stock traded down $2.08 during midday trading on Monday, hitting $62.65. The stock had a trading volume of 2,800,195 shares, compared to its average volume of 2,443,198. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. The firm has a market cap of $20.44 billion, a P/E ratio of 164.87, a price-to-earnings-growth ratio of 7.69 and a beta of 1.09. The business has a fifty day moving average price of $58.41 and a two-hundred day moving average price of $56.71. Pure Storage, Inc. has a 1-year low of $35.35 and a 1-year high of $70.41.

Insider Activity

In other news, insider John Colgrove sold 100,000 shares of the company'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 transaction, the insider now owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This represents a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mona Chu sold 8,311 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.16, for a total value 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 approximately $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. Insiders have sold 237,178 shares of company stock valued at $14,603,746 in the last ninety days. 6.00% of the stock is owned by company insiders.

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.