Yousif Capital Management LLC Sells 3,869 Shares of Pure Storage, Inc. (NYSE:PSTG)

Yousif Capital Management LLC decreased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,060 shares of the technology company's stock after selling 3,869 shares during the period. Yousif Capital Management LLC's holdings in Pure Storage were worth $6,761,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Pure Storage in the 4th quarter worth approximately $29,000. ORG Wealth Partners LLC purchased a new stake in shares of Pure Storage in the 3rd quarter worth approximately $31,000. Larson Financial Group LLC grew its stake in shares of Pure Storage by 49.1% in the 3rd quarter. Larson Financial Group LLC now owns 644 shares of the technology company's stock worth $32,000 after buying an additional 212 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Pure Storage in the 4th quarter worth approximately $37,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Pure Storage by 40.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company's stock worth $38,000 after buying an additional 219 shares during the last quarter. Institutional investors own 83.42% of the company's stock.

Pure Storage Trading Up 2.9 %

Pure Storage stock traded up $1.99 during trading on Monday, reaching $71.06. The company had a trading volume of 802,513 shares, compared to its average volume of 2,364,227. Pure Storage, Inc. has a 52 week low of $38.78 and a 52 week high of $73.67. The firm's 50-day simple moving average is $64.89 and its 200 day simple moving average is $57.33. The firm has a market capitalization of $23.18 billion, a price-to-earnings ratio of 187.14, a price-to-earnings-growth ratio of 5.26 and a beta of 1.09.

Analysts Set New Price Targets

Several analysts recently weighed in on PSTG shares. Northland Securities restated a "market perform" rating and issued a $63.00 price target (up previously from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. Stifel Nicolaus upped their price target on Pure Storage from $60.00 to $65.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Guggenheim increased their target price on Pure Storage from $72.00 to $93.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Needham & Company LLC increased their target price on Pure Storage from $62.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley increased their target price on Pure Storage from $62.00 to $72.00 and gave the company an "equal weight" rating in a research note 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $72.70.

Insider Buying and Selling

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ajay Singh sold 19,972 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 262,144 shares in the company, valued at approximately $16,142,827.52. This represents a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,178 shares of company stock valued at $8,871,746. 6.00% of the stock is owned by company insiders.

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.