Hancock Whitney Corp Purchases 301 Shares of Pure Storage, Inc. (NYSE:PSTG)

Hancock Whitney Corp boosted its holdings in Pure Storage, Inc. (NYSE:PSTG) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,286 shares of the technology company’s stock after purchasing an additional 301 shares during the quarter. Hancock Whitney Corp’s holdings in Pure Storage were worth $1,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSTG. Sugar Maple Asset Management LLC purchased a new position in shares of Pure Storage during the fourth quarter valued at approximately $29,000. Compass Financial Services Inc bought a new position in Pure Storage during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new position in Pure Storage during the 4th quarter worth $31,000. Berbice Capital Management LLC bought a new stake in shares of Pure Storage in the 4th quarter worth $37,000. Finally, Financial Life Planners bought a new stake in shares of Pure Storage in the 4th quarter worth $44,000. Institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PSTG. Bank of America reduced their price objective on shares of Pure Storage from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Citigroup reduced their target price on 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 Pure Storage from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $75.00 price objective on shares of Pure Storage in a research note on Thursday, February 27th. Finally, Piper Sandler lowered their target price on Pure Storage from $76.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.95.

Insider Buying and Selling

In other news, 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 completion of the transaction, the executive now directly owns 90,223 shares in the company, valued at $3,691,022.93. The trade was a 7.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is currently owned by insiders.

Pure Storage Trading Up 1.3 %

Shares of Pure Storage stock opened at $45.71 on Friday. The company’s 50-day moving average price is $48.34 and its 200-day moving average price is $56.13. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $73.67. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 120.29, a PEG ratio of 5.12 and a beta of 1.08.

About Pure Storage

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.