15,918 Shares in Pure Storage, Inc. (NYSE:PSTG) Purchased by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC bought a new stake in shares of Pure Storage, Inc. (NYSE:PSTG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,918 shares of the technology company’s stock, valued at approximately $978,000.

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 position in Pure Storage in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in shares of Pure Storage during the fourth quarter worth $29,000. Berbice Capital Management LLC purchased a new stake in shares of Pure Storage during the fourth quarter worth $37,000. Larson Financial Group LLC raised its position 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 buying an additional 212 shares during the last quarter. Finally, Financial Life Planners purchased a new position in shares of Pure Storage in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays increased their price objective 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. UBS Group increased their price target on Pure Storage from $45.00 to $47.00 and gave the company a “sell” rating in a report on Wednesday, December 4th. Lake Street Capital boosted their price objective on Pure Storage from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Piper Sandler raised Pure Storage from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $56.00 to $76.00 in a research note on Wednesday, December 4th. Finally, 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 report on Wednesday, December 4th. One research 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. Based on data from MarketBeat, Pure Storage presently has an average rating of “Moderate Buy” and a consensus target price of $72.70.

Insider Activity at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the stock in a transaction dated 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 sale, the insider now owns 7,316,722 shares of the company’s stock, valued at $479,611,127.10. This trade represents a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mona Chu sold 8,311 shares of Pure Storage stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.16, for a total value of $516,611.76. Following the completion of the transaction, the chief accounting officer now owns 67,681 shares of the company’s stock, valued at $4,207,050.96. The trade was a 10.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,178 shares of company stock worth $8,871,746. Corporate insiders own 6.00% of the company’s stock.

Pure Storage Price Performance

NYSE PSTG opened at $67.78 on Friday. The company has a market cap of $22.11 billion, a P/E ratio of 178.38, a P/E/G ratio of 5.26 and a beta of 1.09. The stock has a 50-day moving average of $65.73 and a two-hundred day moving average of $57.70. Pure Storage, Inc. has a 1-year low of $38.78 and a 1-year high of $73.67.

Pure Storage Company 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.