Steward Partners Investment Advisory LLC Buys 932 Shares of Pure Storage, Inc. (NYSE:PSTG)

Steward Partners Investment Advisory LLC raised its holdings in Pure Storage, Inc. (NYSE:PSTG) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,414 shares of the technology company’s stock after acquiring an additional 932 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Pure Storage were worth $333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in shares of Pure Storage during the 4th quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in shares of Pure Storage during the 4th quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in shares of Pure Storage by 49.1% during the 3rd quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock valued at $32,000 after buying an additional 212 shares in the last quarter. Berbice Capital Management LLC purchased a new position in shares of Pure Storage during the 4th quarter valued at about $37,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Pure Storage by 40.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock valued at $38,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Stifel Nicolaus raised their price objective on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. TD Cowen lifted their price target on Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley lifted their price target on Pure Storage from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Pure Storage in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Pure Storage currently has an average rating of “Moderate Buy” and a consensus target price of $73.20.

Pure Storage Stock Up 0.7 %

NYSE PSTG opened at $48.55 on Friday. Pure Storage, Inc. has a twelve month low of $44.76 and a twelve month high of $73.67. The firm has a market capitalization of $15.84 billion, a PE ratio of 127.77, a P/E/G ratio of 5.12 and a beta of 1.09. The stock’s 50 day moving average is $63.13 and its 200 day moving average is $57.45.

Insider Activity at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 8,895 shares of the business’s stock in a transaction 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 sale, the executive now directly owns 72,927 shares of the company’s stock, valued at approximately $4,675,349.97. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ajay Singh sold 19,972 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was 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 directly 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 disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

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.