Pure Storage, Inc. (NYSE:PSTG) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,000 shares of the technology company’s stock after selling 1,200 shares during the period. UniSuper Management Pty Ltd’s holdings in Pure Storage were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PSTG. Bank of Montreal Can grew its position in Pure Storage by 92.0% in the 3rd quarter. Bank of Montreal Can now owns 193,563 shares of the technology company’s stock valued at $9,570,000 after buying an additional 92,762 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Pure Storage by 14.9% in the third quarter. BNP Paribas Financial Markets now owns 180,957 shares of the technology company’s stock valued at $9,091,000 after acquiring an additional 23,398 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Pure Storage by 377.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,381 shares of the technology company’s stock worth $421,000 after acquiring an additional 6,627 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pure Storage by 5.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,021 shares of the technology company’s stock worth $3,618,000 after purchasing an additional 3,753 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Pure Storage by 27.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 182,327 shares of the technology company’s stock valued at $9,160,000 after purchasing an additional 39,566 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Evercore ISI boosted their target price on Pure Storage from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their target price on Pure Storage from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Northland Securities reaffirmed a “market perform” rating and set a $63.00 price target (up from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. Barclays increased their price target on shares of Pure Storage from $56.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus upped their target price on shares of Pure Storage from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.20.

Pure Storage Trading Down 3.9 %

NYSE:PSTG opened at $44.22 on Tuesday. Pure Storage, Inc. has a 12-month low of $43.70 and a 12-month high of $73.67. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 116.38, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09. The company’s 50-day moving average is $59.65 and its two-hundred day moving average is $57.47.

Pure Storage Profile

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.