Caisse DE Depot ET Placement DU Quebec Acquires 39,566 Shares of Pure Storage, Inc. (NYSE:PSTG)

Caisse DE Depot ET Placement DU Quebec increased its holdings in Pure Storage, Inc. (NYSE:PSTG) by 27.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,327 shares of the technology company’s stock after purchasing an additional 39,566 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Pure Storage worth $9,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PSTG. Sycomore Asset Management purchased a new stake in shares of Pure Storage during the second quarter valued at approximately $2,259,000. Citigroup Inc. boosted its position in Pure Storage by 11.3% during the 3rd quarter. Citigroup Inc. now owns 144,005 shares of the technology company’s stock valued at $7,235,000 after buying an additional 14,659 shares during the period. FMR LLC boosted its position in Pure Storage by 0.8% during the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock valued at $2,469,487,000 after buying an additional 368,643 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in Pure Storage in the 3rd quarter worth $6,890,000. Finally, Bank of Montreal Can increased its position in shares of Pure Storage by 92.0% in the third quarter. Bank of Montreal Can now owns 193,563 shares of the technology company’s stock valued at $9,570,000 after acquiring an additional 92,762 shares during the period. 83.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 8,895 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $50.67, for a total transaction of $450,709.65. Following the completion of the sale, the executive now directly owns 94,446 shares in the company, valued at $4,785,578.82. The trade was a 8.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the completion of the transaction, the insider now owns 500,000 shares in the company, valued at $24,970,000. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 354,542 shares of company stock worth $18,599,030. Insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PSTG shares. Northland Securities reissued a “market perform” rating and issued a $59.00 target price (down from $68.00) on shares of Pure Storage in a research note on Thursday, August 29th. Stifel Nicolaus cut their price objective on Pure Storage from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. William Blair restated an “outperform” rating on shares of Pure Storage in a report on Thursday, November 14th. Susquehanna reiterated a “positive” rating and issued a $80.00 price target on shares of Pure Storage in a report on Monday, August 26th. Finally, Citigroup decreased their price objective on shares of Pure Storage from $67.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. 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 company. According to data from MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and a consensus target price of $67.95.

Pure Storage Stock Up 0.1 %

Shares of Pure Storage stock opened at $53.05 on Tuesday. Pure Storage, Inc. has a twelve month low of $31.79 and a twelve month high of $70.41. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $52.12 and its 200 day moving average is $56.76. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 132.63, a price-to-earnings-growth ratio of 7.19 and a beta of 1.10.

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.