Pure Storage, Inc. (NYSE:PSTG) Shares Acquired by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lifted its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 37,601 shares of the technology company’s stock after acquiring an additional 266 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Pure Storage were worth $2,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in Pure Storage in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in Pure Storage in the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in Pure Storage in the 4th quarter valued at approximately $31,000. Berbice Capital Management LLC acquired a new stake in Pure Storage in the 4th quarter valued at approximately $37,000. Finally, Financial Life Planners acquired a new stake in Pure Storage in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Transactions at Pure Storage

In other news, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Monday, May 12th. The shares were sold at an average price of $52.01, for a total transaction of $5,201,000.00. Following the completion of the sale, the insider now directly owns 801,959 shares of the company’s stock, valued at approximately $41,709,887.59. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Dan Fitzsimons sold 872 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $51.51, for a total transaction of $44,916.72. Following the completion of the sale, the executive now directly owns 89,351 shares of the company’s stock, valued at approximately $4,602,470.01. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 107,849 shares of company stock valued at $5,531,346. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Pure Storage in a report on Thursday, February 27th. StockNews.com downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Citigroup lifted their target price on shares of Pure Storage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI dropped their target price on shares of Pure Storage from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Finally, UBS Group lifted their target price on shares of Pure Storage from $47.00 to $50.00 and gave the company a “sell” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.70.

Pure Storage Trading Up 1.9%

Pure Storage stock opened at $56.53 on Friday. The stock has a market cap of $18.43 billion, a P/E ratio of 148.77, a price-to-earnings-growth ratio of 5.12 and a beta of 1.05. The company has a fifty day simple moving average of $46.48 and a 200-day simple moving average of $55.70. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $73.67.

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.