Pure Storage, Inc. (NYSE:PSTG) Stock Position Raised by RWA Wealth Partners LLC

RWA Wealth Partners LLC grew its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 39.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,034 shares of the technology company’s stock after buying an additional 15,357 shares during the quarter. RWA Wealth Partners LLC’s holdings in Pure Storage were worth $3,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in PSTG. Sugar Maple Asset Management LLC acquired a new stake in Pure Storage in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc bought a new position in shares of Pure Storage during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Pure Storage in the 4th quarter valued at $31,000. Larson Financial Group LLC increased 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 worth $32,000 after buying an additional 212 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new position in Pure Storage during the fourth quarter worth $37,000. Institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 19,972 shares of Pure Storage stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the completion of the transaction, the insider now directly owns 262,144 shares of the company’s stock, valued at approximately $16,142,827.52. This trade represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PSTG shares. UBS Group upped their price target on Pure Storage from $47.00 to $50.00 and gave the stock a “sell” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Northland Securities restated a “market perform” rating and issued a $63.00 price objective (up from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. Barclays lifted their target price on shares of Pure Storage from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, Citigroup decreased their price target on shares of Pure Storage from $80.00 to $77.00 and set a “buy” rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.20.

Pure Storage Stock Performance

Shares of Pure Storage stock opened at $46.00 on Monday. The firm has a market cap of $15.01 billion, a P/E ratio of 121.04, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09. The firm’s 50-day simple moving average is $60.09 and its 200-day simple moving average is $57.50. Pure Storage, Inc. has a twelve month low of $44.76 and a twelve month 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.