Achmea Investment Management B.V. Invests $1.97 Million in Pure Storage, Inc. (NYSE:PSTG)

Achmea Investment Management B.V. acquired a new position in Pure Storage, Inc. (NYSE:PSTG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,119 shares of the technology company’s stock, valued at approximately $1,973,000.

Other institutional investors have also recently modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in shares of Pure Storage in the fourth quarter worth about $29,000. Compass Financial Services Inc purchased a new position in Pure Storage during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC raised its position in Pure Storage by 49.1% during the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock valued at $32,000 after acquiring an additional 212 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Pure Storage during the fourth quarter valued at approximately $37,000. Finally, Venturi Wealth Management LLC raised its position in Pure Storage by 40.9% during the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock valued at $38,000 after acquiring an additional 219 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pure Storage

In other news, CRO Dan Fitzsimons sold 8,895 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total value of $570,258.45. Following the transaction, the executive now owns 72,927 shares of the company’s stock, valued at $4,675,349.97. This represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ajay Singh sold 19,972 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total value of $1,229,875.76. Following the completion of the transaction, the insider now directly owns 262,144 shares in the company, valued at approximately $16,142,827.52. This trade represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on PSTG shares. Barclays lifted 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. JPMorgan Chase & Co. lifted their price target on Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Citigroup reduced their price target on Pure Storage from $80.00 to $77.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Morgan Stanley lifted 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. Finally, Wells Fargo & Company raised their price objective on Pure Storage from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.20.

Pure Storage Stock Up 5.0 %

Shares of NYSE:PSTG opened at $50.99 on Friday. The business has a fifty day moving average of $62.86 and a two-hundred day moving average of $57.38. The stock has a market cap of $16.63 billion, a P/E ratio of 134.17, a PEG 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.

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.