TD Asset Management Inc Invests $5.12 Million in Pure Storage, Inc. (NYSE:PSTG)

TD Asset Management Inc acquired a new position in shares of Pure Storage, Inc. (NYSE:PSTGFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 143,600 shares of the technology company’s stock, valued at approximately $5,121,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PSTG. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Pure Storage in the third quarter valued at approximately $2,004,000. Amalgamated Bank boosted its holdings in Pure Storage by 18.4% in the third quarter. Amalgamated Bank now owns 67,874 shares of the technology company’s stock valued at $2,418,000 after purchasing an additional 10,561 shares in the last quarter. Swiss National Bank boosted its holdings in Pure Storage by 0.8% in the third quarter. Swiss National Bank now owns 642,200 shares of the technology company’s stock valued at $22,875,000 after purchasing an additional 5,100 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Pure Storage by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 44,063 shares of the technology company’s stock valued at $1,570,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Pure Storage by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,847,868 shares of the technology company’s stock valued at $65,821,000 after purchasing an additional 21,351 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Pure Storage Trading Up 5.0 %

NYSE:PSTG opened at $63.48 on Thursday. The stock has a fifty day moving average price of $55.25 and a two-hundred day moving average price of $46.21. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 226.71, a PEG ratio of 6.09 and a beta of 1.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.96 and a current ratio of 2.00. Pure Storage, Inc. has a 1 year low of $31.00 and a 1 year high of $68.75.

Analysts Set New Price Targets

PSTG has been the subject of a number of research analyst reports. KeyCorp upped their price target on Pure Storage from $64.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Bank of America increased their price objective on Pure Storage from $57.00 to $68.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Morgan Stanley increased their price objective on Pure Storage from $48.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Northland Securities downgraded Pure Storage from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $58.00 to $68.00 in a report on Thursday, May 30th. Finally, Evercore ISI increased their price objective on Pure Storage from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and a consensus target price of $66.15.

Get Our Latest Analysis on Pure Storage

Insiders Place Their Bets

In other Pure Storage news, insider Ajay Singh sold 37,588 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $53.54, for a total value of $2,012,461.52. Following the completion of the transaction, the insider now owns 380,834 shares in the company, valued at $20,389,852.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Pure Storage news, insider Ajay Singh sold 37,588 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $53.54, for a total value of $2,012,461.52. Following the sale, the insider now owns 380,834 shares of the company’s stock, valued at $20,389,852.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne Taylor sold 36,860 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $53.76, for a total value of $1,981,593.60. Following the completion of the sale, the director now directly owns 18,883 shares in the company, valued at approximately $1,015,150.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 286,581 shares of company stock worth $15,266,704. 6.00% of the stock is owned by corporate insiders.

Pure Storage Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pure Storage (NYSE:PSTG)

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