Pure Storage, Inc. (NYSE:PSTG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its position in Pure Storage, Inc. (NYSE:PSTG) by 94.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,669 shares of the technology company’s stock after selling 178,744 shares during the period. National Bank of Canada FI’s holdings in Pure Storage were worth $631,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of Pure Storage by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,168,335 shares of the technology company’s stock worth $41,666,000 after purchasing an additional 28,086 shares during the period. Private Advisor Group LLC grew its stake in shares of Pure Storage by 44.1% during the 4th quarter. Private Advisor Group LLC now owns 11,235 shares of the technology company’s stock valued at $401,000 after buying an additional 3,437 shares during the period. Quest Partners LLC acquired a new stake in shares of Pure Storage during the 4th quarter worth $592,000. State of Alaska Department of Revenue purchased a new position in shares of Pure Storage in the 1st quarter worth about $1,675,000. Finally, Texas Permanent School Fund Corp purchased a new stake in Pure Storage during the first quarter worth approximately $13,514,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity at Pure Storage

In other Pure Storage news, CFO P. Kevan Krysler sold 14,296 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $63.79, for a total value of $911,941.84. Following the transaction, the chief financial officer now owns 518,623 shares in the company, valued at $33,082,961.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Pure Storage news, CFO P. Kevan Krysler sold 14,296 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $63.79, for a total transaction of $911,941.84. Following the transaction, the chief financial officer now directly owns 518,623 shares of the company’s stock, valued at $33,082,961.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $61.76, for a total value of $6,176,000.00. Following the completion of the transaction, the insider now directly owns 700,000 shares in the company, valued at $43,232,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 324,177 shares of company stock valued at $18,863,083. Corporate insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PSTG. Barclays boosted their price target on Pure Storage from $51.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Morgan Stanley cut shares of Pure Storage from an “overweight” rating to an “equal weight” rating and set a $60.00 price target on the stock. in a research report on Wednesday, June 12th. Lake Street Capital reduced their price objective on Pure Storage from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Piper Sandler cut their target price on Pure Storage from $60.00 to $56.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Finally, Stifel Nicolaus cut their price target on Pure Storage from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Pure Storage presently has a consensus rating of “Moderate Buy” and an average target price of $66.95.

Pure Storage Stock Up 1.1 %

NYSE:PSTG opened at $48.25 on Friday. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 172.32, a PEG ratio of 7.10 and a beta of 1.11. Pure Storage, Inc. has a 1-year low of $31.00 and a 1-year high of $70.41. The company has a current ratio of 1.99, a quick ratio of 1.96 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $57.57 and its 200 day moving average price is $56.94.

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.