Treasurer of the State of North Carolina Sells 5,410 Shares of Pure Storage, Inc. (NYSE:PSTG)

Treasurer of the State of North Carolina cut its position in Pure Storage, Inc. (NYSE:PSTG) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,933 shares of the technology company’s stock after selling 5,410 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Pure Storage were worth $8,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PSTG. Sycomore Asset Management raised its holdings in Pure Storage by 57.8% during the 4th quarter. Sycomore Asset Management now owns 187,874 shares of the technology company’s stock valued at $11,541,000 after acquiring an additional 68,840 shares during the period. Asio Capital LLC purchased a new position in shares of Pure Storage in the fourth quarter valued at $264,000. Oak Thistle LLC bought a new stake in shares of Pure Storage during the 4th quarter valued at $1,196,000. Franklin Resources Inc. lifted its holdings in Pure Storage by 210.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company’s stock worth $137,628,000 after purchasing an additional 1,730,123 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Pure Storage by 23.5% in the 4th quarter. Victory Capital Management Inc. now owns 284,649 shares of the technology company’s stock worth $17,486,000 after purchasing an additional 54,256 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

PSTG has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Citigroup lowered their target price on shares of Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Piper Sandler reduced their price target on shares of Pure Storage from $76.00 to $53.00 and set an “overweight” rating for the company 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 report on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on Pure Storage from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.05.

Pure Storage Trading Down 2.1 %

NYSE PSTG opened at $41.03 on Monday. The stock has a 50-day moving average of $53.63 and a 200-day moving average of $56.78. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $73.67. The firm has a market cap of $13.38 billion, a PE ratio of 107.98, a price-to-earnings-growth ratio of 5.12 and a beta of 1.08.

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.