Crumly & Associates Inc. Buys New Position in Pure Storage, Inc. (NYSE:PSTG)

Crumly & Associates Inc. bought a new stake in shares of Pure Storage, Inc. (NYSE:PSTG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,323 shares of the technology company’s stock, valued at approximately $204,000.

Several other large investors also recently added to or reduced their stakes in PSTG. Franklin Resources Inc. grew its position in Pure Storage by 210.2% during the third quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company’s stock valued at $137,628,000 after buying an additional 1,730,123 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Pure Storage by 22.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company’s stock valued at $204,163,000 after buying an additional 747,034 shares during the period. State Street Corp grew its position in Pure Storage by 6.5% during the third quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock valued at $515,596,000 after buying an additional 626,427 shares during the period. World Investment Advisors LLC bought a new stake in Pure Storage during the third quarter valued at approximately $20,470,000. Finally, FMR LLC boosted its position in shares of Pure Storage by 0.8% in the third quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock worth $2,469,487,000 after purchasing an additional 368,643 shares during the period. 83.42% of the stock is currently owned by institutional investors.

Insider Transactions at Pure Storage

In related news, insider Ajay Singh sold 19,972 shares of Pure Storage stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the completion of the sale, the insider now owns 262,144 shares in the company, valued at $16,142,827.52. This trade represents a 7.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Dan Fitzsimons sold 8,895 shares of Pure Storage stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $64.11, for a total transaction of $570,258.45. Following the sale, the executive now owns 72,927 shares of the company’s stock, valued at $4,675,349.97. The trade was a 10.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,178 shares of company stock worth $8,871,746. 6.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PSTG has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Pure Storage in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Pure Storage in a research report on Thursday, November 14th. Evercore ISI upped their price target on shares of Pure Storage from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. UBS Group upped their price target on shares of Pure Storage from $45.00 to $47.00 and gave the stock a “sell” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their price target on shares of Pure Storage from $75.00 to $80.00 and gave the stock an “overweight” 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.70.

Pure Storage Trading Down 0.0 %

Pure Storage stock opened at $67.88 on Friday. The firm has a 50-day moving average price of $66.20 and a 200-day moving average price of $58.00. The firm has a market capitalization of $22.15 billion, a PE ratio of 178.64, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 12-month low of $38.78 and a 12-month 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.