Blair William & Co. IL Buys 15,747 Shares of Pure Storage, Inc. (NYSE:PSTG)

Blair William & Co. IL increased its stake in Pure Storage, Inc. (NYSE:PSTG) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,357,962 shares of the technology company’s stock after purchasing an additional 15,747 shares during the period. Blair William & Co. IL owned approximately 0.73% of Pure Storage worth $151,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of Pure Storage by 61.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 424 shares of the technology company’s stock worth $27,000 after buying an additional 161 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Pure Storage by 3.0% in the second quarter. Harbour Investments Inc. now owns 6,912 shares of the technology company’s stock valued at $444,000 after purchasing an additional 202 shares during the last quarter. Michael S. Ryan Inc. lifted its position in shares of Pure Storage by 4.8% in the second quarter. Michael S. Ryan Inc. now owns 4,542 shares of the technology company’s stock worth $292,000 after purchasing an additional 208 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Pure Storage by 3.2% in the second quarter. Bank Pictet & Cie Europe AG now owns 7,202 shares of the technology company’s stock worth $462,000 after purchasing an additional 223 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Pure Storage by 0.4% during the fourth quarter. Franklin Resources Inc. now owns 54,073 shares of the technology company’s stock worth $1,928,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PSTG shares. Susquehanna reissued a “positive” rating and set a $80.00 price target on shares of Pure Storage in a research report on Monday, August 26th. Piper Sandler dropped their target price on Pure Storage from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Guggenheim restated a “buy” rating and issued a $72.00 price target on shares of Pure Storage in a research note on Tuesday, June 25th. Wells Fargo & Company boosted their price target on Pure Storage from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, Northland Securities reissued a “market perform” rating and issued a $59.00 price objective (down previously from $68.00) on shares of Pure Storage in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.95.

Insiders Place Their Bets

In other news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $59.50, for a total value of $5,950,000.00. Following the completion of the sale, the insider now owns 900,000 shares of the company’s stock, valued at $53,550,000. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO P. Kevan Krysler sold 14,296 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $63.79, for a total transaction of $911,941.84. Following the sale, the chief financial officer now owns 518,623 shares of the company’s stock, valued at $33,082,961.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $59.50, for a total value of $5,950,000.00. Following the transaction, the insider now owns 900,000 shares in the company, valued at approximately $53,550,000. The disclosure for this sale can be found here. Insiders have sold 324,177 shares of company stock worth $18,863,083 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Pure Storage Stock Performance

NYSE:PSTG opened at $49.80 on Wednesday. The stock has a 50 day simple moving average of $56.62 and a 200 day simple moving average of $57.15. The stock has a market cap of $16.20 billion, a P/E ratio of 177.86, a PEG ratio of 7.49 and a beta of 1.11. Pure Storage, Inc. has a 1-year low of $31.00 and a 1-year high of $70.41. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07.

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.