Pure Storage, Inc. (NYSE:PSTG) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. decreased its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,515 shares of the technology company’s stock after selling 800 shares during the quarter. Thompson Investment Management Inc.’s holdings in Pure Storage were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSTG. Franklin Resources Inc. lifted its holdings in Pure Storage by 210.2% in the third quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company’s stock valued at $137,628,000 after acquiring an additional 1,730,123 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Pure Storage by 22.5% in 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 acquiring an additional 747,034 shares during the period. State Street Corp lifted its holdings in Pure Storage by 6.5% in the third quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock valued at $515,596,000 after acquiring an additional 626,427 shares during the period. World Investment Advisors LLC acquired a new position in Pure Storage in the third quarter valued at approximately $20,470,000. Finally, FMR LLC lifted its holdings in Pure Storage by 0.8% in the third quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock valued at $2,469,487,000 after acquiring an additional 368,643 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Stock Down 0.9 %

Shares of Pure Storage stock opened at $69.08 on Friday. Pure Storage, Inc. has a 52 week low of $38.78 and a 52 week high of $73.67. The business’s fifty day simple moving average is $64.89 and its 200-day simple moving average is $57.36. The firm has a market cap of $22.54 billion, a PE ratio of 181.78, a price-to-earnings-growth ratio of 5.26 and a beta of 1.09.

Insider Buying and Selling

In related news, insider John Colgrove sold 100,000 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the transaction, the insider now owns 7,316,722 shares of the company’s stock, valued at approximately $479,611,127.10. This represents a 1.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mona Chu sold 8,311 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.16, for a total value of $516,611.76. Following the sale, the chief accounting officer now owns 67,681 shares in the company, valued at approximately $4,207,050.96. This trade represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,178 shares of company stock valued at $8,871,746. Corporate insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PSTG shares. JPMorgan Chase & Co. boosted their price target on Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Oppenheimer started coverage on Pure Storage in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 price objective for the company. Stifel Nicolaus boosted their price objective on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. William Blair restated an “outperform” rating on shares of Pure Storage in a research report on Thursday, November 14th. Finally, UBS Group boosted their price objective on Pure Storage from $45.00 to $47.00 and gave the company a “sell” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.70.

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.