XTX Topco Ltd Increases Stock Position in Pure Storage, Inc. (NYSE:PSTG)

XTX Topco Ltd increased its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 98.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,281 shares of the technology company's stock after acquiring an additional 12,036 shares during the quarter. XTX Topco Ltd's holdings in Pure Storage were worth $1,220,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PSTG. CWM LLC raised its stake in shares of Pure Storage by 37.0% during the 2nd quarter. CWM LLC now owns 8,252 shares of the technology company's stock worth $530,000 after acquiring an additional 2,228 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Pure Storage by 97.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,974 shares of the technology company's stock worth $769,000 after purchasing an additional 5,918 shares during the last quarter. ORG Partners LLC purchased a new stake in Pure Storage during the 2nd quarter worth approximately $35,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Pure Storage during the 2nd quarter worth approximately $748,000. Finally, Baader Bank Aktiengesellschaft grew its position in Pure Storage by 103.7% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,000 shares of the technology company's stock worth $642,000 after purchasing an additional 282,000 shares during the last quarter. Institutional investors own 83.42% of the company's stock.

Pure Storage Price Performance

NYSE:PSTG traded down $3.51 during trading hours on Tuesday, reaching $60.30. 3,443,289 shares of the company were exchanged, compared to its average volume of 3,682,009. 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 stock's 50-day moving average is $53.31 and its 200-day moving average is $56.84. The firm has a market cap of $19.76 billion, a PE ratio of 158.66, a price-to-earnings-growth ratio of 7.83 and a beta of 1.13. Pure Storage, Inc. has a twelve month low of $32.54 and a twelve month high of $70.41.

Insider Activity

In related news, CAO Mona Chu sold 20,647 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $51.50, for a total value of $1,063,320.50. Following the completion of the sale, the chief accounting officer now owns 75,992 shares of the company's stock, valued at approximately $3,913,588. This represents a 21.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of the company's 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 454,542 shares of company stock worth $25,154,030 over the last three months. Insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Lake Street Capital boosted their target price on shares of Pure Storage from $68.00 to $70.00 and gave the stock a "buy" rating in a research report 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 report on Wednesday, December 4th. Susquehanna reissued a "positive" rating and set a $80.00 target price on shares of Pure Storage in a research report on Monday, August 26th. William Blair reaffirmed an "outperform" rating on shares of Pure Storage in a report on Thursday, November 14th. Finally, Piper Sandler raised shares of Pure Storage from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $56.00 to $76.00 in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, Pure Storage presently has a consensus rating of "Moderate Buy" and an average target price of $72.10.

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.