Police & Firemen s Retirement System of New Jersey Purchases 6,828 Shares of Pure Storage, Inc. $PSTG

Police & Firemen s Retirement System of New Jersey raised its position in Pure Storage, Inc. (NYSE:PSTG) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,848 shares of the technology company’s stock after buying an additional 6,828 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Pure Storage were worth $6,786,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its holdings in Pure Storage by 25.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock worth $401,793,000 after acquiring an additional 1,868,782 shares during the period. Geode Capital Management LLC grew its stake in Pure Storage by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 7,273,696 shares of the technology company’s stock valued at $417,830,000 after purchasing an additional 123,320 shares during the period. William Blair Investment Management LLC increased its position in shares of Pure Storage by 112.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock valued at $283,687,000 after purchasing an additional 2,612,300 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Pure Storage by 2.8% during the 1st quarter. Blair William & Co. IL now owns 3,541,445 shares of the technology company’s stock worth $156,780,000 after purchasing an additional 96,731 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Pure Storage by 0.8% in the 1st quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock worth $128,896,000 after buying an additional 23,531 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Ajay Singh sold 7,014 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total transaction of $602,151.90. Following the sale, the insider owned 229,307 shares in the company, valued at approximately $19,686,005.95. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roxanne Taylor sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $76.93, for a total transaction of $230,790.00. Following the sale, the director directly owned 16,343 shares in the company, valued at $1,257,266.99. The trade was a 15.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 443,111 shares of company stock valued at $36,793,439 over the last three months. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Raymond James Financial raised their price objective on shares of Pure Storage from $88.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Bank of America raised their price target on shares of Pure Storage from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Evercore ISI upped their price objective on Pure Storage from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Piper Sandler set a $92.00 price target on shares of Pure Storage and gave the company an “overweight” rating in a research report on Thursday, September 25th. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.65.

Pure Storage Price Performance

NYSE:PSTG opened at $84.48 on Friday. The company has a market capitalization of $27.76 billion, a price-to-earnings ratio of 206.06, a PEG ratio of 8.99 and a beta of 1.24. The business has a 50 day moving average of $89.25 and a 200 day moving average of $68.15. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $100.59.

Pure Storage (NYSE:PSTG) last released its earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The company had revenue of $763.77 million during the quarter. As a group, sell-side analysts anticipate that Pure Storage, Inc. will post 0.44 EPS for the current year.

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.