Smartleaf Asset Management LLC Has $46,000 Stock Holdings in Pure Storage, Inc. (NYSE:PSTG)

Smartleaf Asset Management LLC lifted its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 180.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 740 shares of the technology company’s stock after purchasing an additional 476 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Pure Storage were worth $46,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. lifted its holdings 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 acquiring an additional 14,659 shares during the period. TT International Asset Management LTD lifted its position in shares of Pure Storage by 1,160.1% during the 3rd quarter. TT International Asset Management LTD now owns 73,085 shares of the technology company’s stock worth $3,671,000 after buying an additional 67,285 shares during the last quarter. FMR LLC lifted its holdings in shares of Pure Storage by 0.8% in the third quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock worth $2,469,487,000 after acquiring an additional 368,643 shares during the last quarter. Sycomore Asset Management grew its stake in shares of Pure Storage by 57.8% during the fourth quarter. Sycomore Asset Management now owns 187,874 shares of the technology company’s stock worth $11,541,000 after buying an additional 68,840 shares during the last quarter. Finally, Asio Capital LLC acquired a new position in shares of Pure Storage during the fourth quarter worth $264,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Transactions at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 8,895 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total value of $570,258.45. Following the transaction, the executive now owns 72,927 shares in the company, valued at approximately $4,675,349.97. This represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mona Chu sold 8,311 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.16, for a total value of $516,611.76. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 37,178 shares of company stock valued at $2,316,746 in the last quarter. 6.00% of the stock is currently owned by company insiders.

Pure Storage Stock Performance

Shares of PSTG stock opened at $48.66 on Wednesday. Pure Storage, Inc. has a fifty-two week low of $44.76 and a fifty-two week high of $73.67. The stock has a 50 day simple moving average of $63.67 and a two-hundred day simple moving average of $57.58. The company has a market cap of $15.87 billion, a P/E ratio of 128.05, a PEG ratio of 5.12 and a beta of 1.09.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PSTG shares. Morgan Stanley boosted their price objective on Pure Storage from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Citigroup reduced their price target on Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Evercore ISI raised their price objective on shares of Pure Storage from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Lake Street Capital upped their price target on shares of Pure Storage from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price target on shares of Pure Storage in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Pure Storage has a consensus rating of “Moderate Buy” and a consensus price target of $73.20.

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.