4 days Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its stake in shares of Pure Storage, Inc. ( NYSE:PSTG – Free Report ) by 20.
6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 264,096 shares of the technology company’s stock after acquiring an additional 45,152 shares during the period.
Envestnet Asset Management Inc.’s holdings in Pure Storage were worth $16,223,000 as of its most recent SEC filing. A number of other hedge funds have also made changes to their positions in the stock.
Sugar Maple Asset Management LLC bought a new stake in Pure Storage during the fourth quarter worth approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Pure Storage in the fourth quarter worth $29,000. Crowley Wealth Management Inc.
bought a new stake in shares of Pure Storage during the 4th quarter worth $31,000. Berbice Capital Management LLC acquired a new position in Pure Storage in the 4th quarter valued at $37,000. Finally, Financial Life Planners bought a new position in Pure Storage in the 4th quarter worth $44,000.
Institutional investors and hedge funds own 83.42% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have issued reports on PSTG shares.
Piper Sandler decreased their price target on shares of Pure Storage from $76.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th.
Citigroup decreased their target price on Pure Storage from $77.00 to $55.00 and set a “buy” rating for the company in a research note on Monday.
UBS Group lifted their price target on Pure Storage from $47.00 to $50.00 and gave the stock a “sell” rating in a research report on Thursday, February 27th.
StockNews.com downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upped their target price on shares of Pure Storage from $62.
00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.95. Pure Storage Price Performance Pure Storage stock opened at $41.
99 on Wednesday. The firm has a market capitalization of $13.69 billion, a P/E ratio of 110.
49, a P/E/G ratio of 5.12 and a beta of 1.08.
The stock has a fifty day moving average price of $52.50 and a two-hundred day moving average price of $56.62.
Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $73.
67. Pure Storage Company Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding PSTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pure Storage, Inc. ( NYSE:PSTG – Free Report ).
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