Cookson Peirce & Co. Inc. Sells 47,140 Shares of Pure Storage, Inc. (NYSE:PSTG)

Cookson Peirce & Co. Inc. lowered its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 81.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,758 shares of the technology company’s stock after selling 47,140 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Pure Storage were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSTG. Sugar Maple Asset Management LLC bought a new stake in shares of Pure Storage in the 4th quarter valued at about $29,000. Compass Financial Services Inc bought a new stake in shares of Pure Storage in the 4th quarter valued at about $29,000. Larson Financial Group LLC grew its position in shares of Pure Storage by 49.1% in the 3rd 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. Berbice Capital Management LLC bought a new stake in shares of Pure Storage in the 4th quarter valued at about $37,000. Finally, Venturi Wealth Management LLC grew its position in shares of Pure Storage by 40.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock valued at $38,000 after buying an additional 219 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Pure Storage Stock Up 4.3 %

Shares of Pure Storage stock opened at $52.24 on Thursday. The company has a market cap of $17.04 billion, a PE ratio of 137.49, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 52 week low of $44.76 and a 52 week high of $73.67. The business has a 50 day moving average price of $64.83 and a 200-day moving average price of $57.97.

Analyst Upgrades and Downgrades

PSTG has been the topic of a number of analyst reports. Barclays upped their price target on Pure Storage from $56.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Morgan Stanley upped their price target on Pure Storage from $62.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Northland Securities reiterated a “market perform” rating and issued a $63.00 price target (up previously from $59.00) on shares of Pure Storage in a research report on Wednesday, December 4th. Oppenheimer started coverage on Pure Storage in a research report on Wednesday, November 13th. They set an “outperform” rating and a $70.00 target price on the stock. Finally, TD Cowen upped their target price on Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.20.

Insider Transactions at Pure Storage

In related news, CRO Dan Fitzsimons sold 8,895 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total transaction of $570,258.45. Following the completion of the sale, the executive now directly owns 72,927 shares of the company’s stock, valued at approximately $4,675,349.97. This trade represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mona Chu sold 8,311 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.16, for a total value of $516,611.76. Following the sale, the chief accounting officer now directly owns 67,681 shares of the company’s stock, valued at $4,207,050.96. The trade was a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,178 shares of company stock valued at $2,316,746 over the last ninety days. 6.00% of the stock is currently owned by insiders.

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.