Pure Storage, Inc. (NYSE:PSTG) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,432 shares of the technology company’s stock after buying an additional 1,278 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Pure Storage were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PSTG. Petredis Investment Advisors LLC purchased a new position in Pure Storage in the fourth quarter worth approximately $201,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Pure Storage by 27.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 140,043 shares of the technology company’s stock worth $8,603,000 after purchasing an additional 29,878 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Pure Storage during the 4th quarter worth about $37,000. Avior Wealth Management LLC raised its holdings in Pure Storage by 6,436.3% in the 4th quarter. Avior Wealth Management LLC now owns 5,229 shares of the technology company’s stock valued at $321,000 after buying an additional 5,149 shares during the period. Finally, MinichMacGregor Wealth Management LLC lifted its position in Pure Storage by 21.6% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 166,753 shares of the technology company’s stock valued at $10,244,000 after buying an additional 29,610 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PSTG. Stifel Nicolaus boosted their price target on shares of Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Lake Street Capital boosted their target price on Pure Storage from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Evercore ISI raised their price target on Pure Storage from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Morgan Stanley boosted their price objective on Pure Storage from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, William Blair reissued an “outperform” rating on shares of Pure Storage in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.70.

Insider Buying and Selling at Pure Storage

In related news, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total value of $6,555,000.00. Following the transaction, the insider now directly owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This trade represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,178 shares of company stock worth $8,871,746 over the last three months. Insiders own 6.00% of the company’s stock.

Pure Storage Stock Performance

PSTG opened at $72.15 on Friday. Pure Storage, Inc. has a one year low of $38.78 and a one year high of $73.67. The company has a market cap of $23.54 billion, a P/E ratio of 189.87, a PEG ratio of 8.72 and a beta of 1.09. The business’s 50-day simple moving average is $61.69 and its 200-day simple moving average is $57.05.

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.