Pure Storage, Inc. (NYSE:PSTG) Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its holdings in Pure Storage, Inc. (NYSE:PSTG) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,444,714 shares of the technology company’s stock after purchasing an additional 317,712 shares during the period. Blair William & Co. IL owned approximately 1.06% of Pure Storage worth $211,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PSTG. Parallel Advisors LLC boosted its stake in Pure Storage by 1.4% during the fourth quarter. Parallel Advisors LLC now owns 13,271 shares of the technology company’s stock worth $815,000 after buying an additional 186 shares during the period. Cherry Creek Investment Advisors Inc. increased its stake in Pure Storage by 0.3% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 67,232 shares of the technology company’s stock worth $4,130,000 after purchasing an additional 189 shares during the period. Larson Financial Group LLC raised its stake in shares of Pure Storage by 49.1% in the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock valued at $32,000 after acquiring an additional 212 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Pure Storage by 3.1% in the fourth quarter. Brookstone Capital Management now owns 7,917 shares of the technology company’s stock valued at $486,000 after acquiring an additional 240 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Pure Storage by 0.6% in the fourth quarter. KBC Group NV now owns 39,523 shares of the technology company’s stock valued at $2,428,000 after purchasing an additional 246 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PSTG shares. Wells Fargo & Company lifted their price objective on Pure Storage from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. TD Cowen increased their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on shares of Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Barclays lifted their price target on Pure Storage from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.20.

Insider Buying and Selling at Pure Storage

In other news, insider Ajay Singh sold 19,972 shares of the company’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 sale, the insider now directly owns 262,144 shares in the company, valued at $16,142,827.52. This represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is currently owned by insiders.

Pure Storage Stock Performance

Shares of PSTG stock opened at $50.69 on Thursday. Pure Storage, Inc. has a 1 year low of $44.76 and a 1 year high of $73.67. The stock has a market cap of $16.54 billion, a PE ratio of 133.40, a P/E/G ratio of 5.12 and a beta of 1.09. The stock has a fifty day moving average price of $60.84 and a 200 day moving average price of $57.42.

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.