2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC purchased a new stake in Pure Storage, Inc. ( NYSE:PSTG – Free Report ) during the 4th quarter, Holdings Channel reports. The firm purchased 4,933 shares of the technology company’s stock, valued at approximately $303,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. World Investment Advisors increased its holdings in shares of Pure Storage by 1.6% during the fourth quarter.
World Investment Advisors now owns 9,635 shares of the technology company’s stock valued at $592,000 after purchasing an additional 150 shares during the period. Peapack Gladstone Financial Corp grew its position in Pure Storage by 2.7% in the 4th quarter.
Peapack Gladstone Financial Corp now owns 5,775 shares of the technology company’s stock valued at $355,000 after buying an additional 150 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in Pure Storage by 2.7% during the 4th quarter.
HighPoint Advisor Group LLC now owns 5,885 shares of the technology company’s stock valued at $396,000 after buying an additional 157 shares during the period. Parallel Advisors LLC raised its position in shares of Pure Storage by 1.4% during the 4th quarter.
Parallel Advisors LLC now owns 13,271 shares of the technology company’s stock worth $815,000 after buying an additional 186 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. lifted its position in Pure Storage by 0.
3% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 67,232 shares of the technology company’s stock worth $4,130,000 after purchasing an additional 189 shares during the period.
Institutional investors own 83.42% of the company’s stock. Analyst Ratings Changes A number of equities research analysts have weighed in on PSTG shares.
Citigroup cut their price target on shares of Pure Storage from $77.00 to $55.00 and set a “buy” rating for the company in a report on Monday, April 14th.
StockNews.com lowered shares of Pure Storage from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Piper Sandler lowered their price objective on shares of Pure Storage from $76.
00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. UBS Group increased their price objective on Pure Storage from $47.
00 to $50.00 and gave the stock a “sell” rating in a research note on Thursday, February 27th. Finally, Bank of America lowered their price objective 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 stock.
Based on data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and an average price target of $70.95.
Pure Storage Stock Up 1.3 % Shares of PSTG stock opened at $41.79 on Monday.
Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $73.
67. The stock has a 50 day moving average of $50.84 and a 200-day moving average of $56.
50. The firm has a market cap of $13.62 billion, a PE ratio of 109.
97, a price-to-earnings-growth ratio of 5.12 and a beta of 1.08.
About Pure Storage ( Free Report ) 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. See Also Want to see what other hedge funds are holding PSTG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Pure Storage, Inc. ( NYSE:PSTG – Free Report ). Receive News & Ratings for Pure Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Storage and related companies with MarketBeat.
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