9,020 Shares in Pure Storage, Inc. (NYSE:PSTG) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new position in shares of Pure Storage, Inc. (NYSE:PSTG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,020 shares of the technology company’s stock, valued at approximately $554,000.

A number of other hedge funds also recently bought and sold shares of PSTG. Larson Financial Group LLC increased its stake in shares of Pure Storage by 242.9% during the second quarter. Larson Financial Group LLC now owns 432 shares of the technology company’s stock worth $28,000 after buying an additional 306 shares during the period. ORG Wealth Partners LLC acquired a new position in Pure Storage during the 3rd quarter worth approximately $31,000. Venturi Wealth Management LLC raised its holdings 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 valued at $38,000 after purchasing an additional 219 shares in the last quarter. Covestor Ltd lifted its position in shares of Pure Storage by 175.3% during the 3rd quarter. Covestor Ltd now owns 991 shares of the technology company’s stock worth $50,000 after purchasing an additional 631 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Pure Storage during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling

In related news, 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 completion of the sale, the insider now owns 262,144 shares in the company, valued at $16,142,827.52. This trade represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mona Chu sold 8,311 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.16, for a total value of $516,611.76. Following the transaction, the chief accounting officer now owns 67,681 shares in the company, valued at $4,207,050.96. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,825 shares of company stock valued at $15,667,066 over the last three months. 6.00% of the stock is currently owned by company insiders.

Pure Storage Trading Up 2.8 %

Shares of PSTG stock opened at $64.23 on Friday. The company has a market capitalization of $20.95 billion, a P/E ratio of 169.03, a price-to-earnings-growth ratio of 7.69 and a beta of 1.09. 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 business’s 50 day moving average is $57.27 and its two-hundred day moving average is $56.86. Pure Storage, Inc. has a twelve month low of $35.35 and a twelve month high of $70.41.

Analyst Upgrades and Downgrades

PSTG has been the topic of a number of analyst reports. Northland Securities restated a “market perform” rating and issued a $63.00 price target (up from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. Stifel Nicolaus raised their target price on Pure Storage from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Citigroup upped their price target on Pure Storage from $63.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Lake Street Capital raised their price objective 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, Barclays boosted their price objective on shares of Pure Storage from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Pure Storage presently has an average rating of “Moderate Buy” and an average target price of $72.70.

About Pure Storage

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.