DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Boosts Stock Position in Pure Storage, Inc. (NYSE:PSTG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Pure Storage, Inc. (NYSE:PSTG) by 48.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,140 shares of the technology company’s stock after purchasing an additional 36,520 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Pure Storage were worth $6,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Pure Storage by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 33,443,732 shares of the technology company’s stock valued at $2,054,448,000 after acquiring an additional 615,931 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Pure Storage by 5.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,207,162 shares of the technology company’s stock valued at $442,736,000 after purchasing an additional 401,035 shares during the period. Geode Capital Management LLC grew its position in Pure Storage by 25.4% during the 4th quarter. Geode Capital Management LLC now owns 6,748,553 shares of the technology company’s stock worth $413,982,000 after purchasing an additional 1,366,458 shares during the period. Champlain Investment Partners LLC raised its stake in shares of Pure Storage by 3.0% during the 4th quarter. Champlain Investment Partners LLC now owns 5,921,392 shares of the technology company’s stock valued at $363,751,000 after buying an additional 174,449 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Pure Storage by 18.8% in the 4th quarter. Invesco Ltd. now owns 4,162,081 shares of the technology company’s stock valued at $255,677,000 after buying an additional 657,175 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling at Pure Storage

In related news, CRO Dan Fitzsimons sold 6,977 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $40.91, for a total value of $285,429.07. Following the completion of the sale, the executive now owns 90,223 shares of the company’s stock, valued at approximately $3,691,022.93. This represents a 7.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.00% of the stock is owned by company insiders.

Pure Storage Price Performance

PSTG stock opened at $48.72 on Friday. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $73.67. The firm has a market capitalization of $15.88 billion, a PE ratio of 128.21, a price-to-earnings-growth ratio of 5.12 and a beta of 1.05. The business has a 50 day simple moving average of $45.89 and a 200-day simple moving average of $55.63.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PSTG shares. Evercore ISI reduced their price target on Pure Storage from $75.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Pure Storage in a research note on Thursday, February 27th. Bank of America dropped their price target 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. Citigroup decreased their price objective on shares of Pure Storage from $77.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, UBS Group lifted their price target on Pure Storage from $47.00 to $50.00 and gave the company a “sell” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

Pure Storage 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.