Pure Storage, Inc. (NYSE:PSTG - Get Free Report) CRO Dan Fitzsimons sold 6,977 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $40.91, for a total transaction of $285,429.07. Following the transaction, the executive now owns 90,223 shares of the company's stock, valued at $3,691,022.93. This represents a 7.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Pure Storage Stock Performance
NYSE PSTG opened at $42.74 on Thursday. The business has a fifty day moving average price of $49.26 and a 200 day moving average price of $56.22. The company has a market cap of $13.93 billion, a P/E ratio of 112.48, a P/E/G ratio of 5.12 and a beta of 1.08. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $73.67.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Pure Storage from $76.00 to $53.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC reissued a "buy" rating and issued a $75.00 price target on shares of Pure Storage in a report on Thursday, February 27th. Citigroup dropped their price objective on shares of Pure Storage from $77.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com cut shares of Pure Storage from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Bank of America dropped their price target on shares of Pure Storage from $77.00 to $73.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.95.
Get Our Latest Stock Analysis on Pure Storage
Institutional Investors Weigh In On Pure Storage
Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Pure Storage by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 33,443,732 shares of the technology company's stock worth $2,054,448,000 after buying an additional 615,931 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Pure Storage by 5.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,207,162 shares of the technology company's stock valued at $442,736,000 after acquiring an additional 401,035 shares during the last quarter. Geode Capital Management LLC lifted its stake in Pure Storage by 25.4% in the 4th quarter. Geode Capital Management LLC now owns 6,748,553 shares of the technology company's stock worth $413,982,000 after purchasing an additional 1,366,458 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Pure Storage by 3.0% during the 4th quarter. Champlain Investment Partners LLC now owns 5,921,392 shares of the technology company's stock worth $363,751,000 after purchasing an additional 174,449 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Pure Storage by 18.8% during the 4th quarter. Invesco Ltd. now owns 4,162,081 shares of the technology company's stock worth $255,677,000 after purchasing an additional 657,175 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company's stock.
About Pure Storage
(
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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.
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