Corient Private Wealth LLC Acquires 6,783 Shares of Pure Storage, Inc. (NYSE:PSTG)

Corient Private Wealth LLC lifted its holdings in Pure Storage, Inc. (NYSE:PSTGFree Report) by 105.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,215 shares of the technology company’s stock after acquiring an additional 6,783 shares during the period. Corient Private Wealth LLC’s holdings in Pure Storage were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of Pure Storage by 19.7% in the 3rd quarter. Sei Investments Co. now owns 464,256 shares of the technology company’s stock worth $16,537,000 after acquiring an additional 76,421 shares in the last quarter. William Blair Investment Management LLC increased its position in Pure Storage by 11.4% in the 3rd quarter. William Blair Investment Management LLC now owns 687,600 shares of the technology company’s stock valued at $24,492,000 after buying an additional 70,620 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Pure Storage by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,168,335 shares of the technology company’s stock valued at $41,666,000 after buying an additional 28,086 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Pure Storage in the 4th quarter valued at about $514,000. Finally, Private Advisor Group LLC increased its position in Pure Storage by 44.1% in the 4th quarter. Private Advisor Group LLC now owns 11,235 shares of the technology company’s stock valued at $401,000 after buying an additional 3,437 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

Pure Storage Price Performance

Pure Storage stock opened at $64.05 on Friday. Pure Storage, Inc. has a 12 month low of $31.00 and a 12 month high of $68.75. The company has a current ratio of 2.00, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $55.49 and its 200 day simple moving average is $46.34. The company has a market cap of $20.81 billion, a price-to-earnings ratio of 228.75, a PEG ratio of 6.09 and a beta of 1.06.

Insider Activity at Pure Storage

In related news, insider Ajay Singh sold 37,588 shares of the company’s stock in a transaction that occurred 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 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 SEC, which is available through the SEC website. In related news, insider Ajay Singh sold 37,588 shares of the company’s stock in a transaction that occurred 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 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 SEC, which is available through the SEC website. Also, CRO Dan Fitzsimons sold 29,283 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $52.14, for a total value of $1,526,815.62. Following the completion of the transaction, the executive now owns 138,105 shares in the company, valued at approximately $7,200,794.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 286,581 shares of company stock worth $15,266,704. Insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus boosted their target price on Pure Storage from $46.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Evercore ISI boosted their target price on Pure Storage from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Wells Fargo & Company boosted their target price on Pure Storage from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Wedbush reaffirmed an “outperform” rating and issued a $70.00 target price (up from $50.00) on shares of Pure Storage in a research report on Tuesday, May 28th. Finally, Lake Street Capital lifted their price target on Pure Storage from $48.00 to $70.00 and gave the company a “buy” rating in a research note 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.15.

Check Out Our Latest Stock Report on Pure Storage

Pure Storage Company 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.

Featured Stories

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

Receive News & Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related companies with MarketBeat.com's FREE daily email newsletter.