Green Alpha Advisors LLC Sells 1,406 Shares of Pure Storage, Inc. (NYSE:PSTG)

Green Alpha Advisors LLC lowered its position in Pure Storage, Inc. (NYSE:PSTG) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,548 shares of the technology company’s stock after selling 1,406 shares during the quarter. Green Alpha Advisors LLC’s holdings in Pure Storage were worth $771,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sycomore Asset Management bought a new position in shares of Pure Storage during the 2nd quarter worth $2,259,000. Citigroup Inc. grew its holdings in Pure Storage by 11.3% during the 3rd quarter. Citigroup Inc. now owns 144,005 shares of the technology company’s stock worth $7,235,000 after acquiring an additional 14,659 shares in the last quarter. TT International Asset Management LTD increased its position in Pure Storage by 1,160.1% during the 3rd quarter. TT International Asset Management LTD now owns 73,085 shares of the technology company’s stock valued at $3,671,000 after purchasing an additional 67,285 shares during the period. FMR LLC raised its holdings in shares of Pure Storage by 0.8% in the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock valued at $2,469,487,000 after purchasing an additional 368,643 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Pure Storage by 92.0% in the 3rd quarter. Bank of Montreal Can now owns 193,563 shares of the technology company’s stock worth $9,570,000 after purchasing an additional 92,762 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Pure Storage news, CAO Mona Chu sold 8,311 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.16, for a total value of $516,611.76. Following the completion of the transaction, the chief accounting officer now directly owns 67,681 shares of the company’s stock, valued at approximately $4,207,050.96. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $57.32, for a total transaction of $5,732,000.00. Following the sale, the insider now directly owns 300,000 shares in the company, valued at $17,196,000. The trade was a 25.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 237,178 shares of company stock worth $14,603,746. 6.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on PSTG shares. Lake Street Capital lifted their price objective on shares of Pure Storage from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. UBS Group lifted their price target on Pure Storage from $45.00 to $47.00 and gave the company a “sell” rating in a report on Wednesday, December 4th. Morgan Stanley upped their price objective on Pure Storage from $62.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. William Blair reiterated an “outperform” rating on shares of Pure Storage in a research note on Thursday, November 14th. Finally, Evercore ISI increased their price target on shares of Pure Storage from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.70.

Pure Storage Trading Up 1.0 %

Shares of NYSE:PSTG opened at $64.88 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 0.07. Pure Storage, Inc. has a 52-week low of $35.35 and a 52-week high of $70.41. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 170.74, a PEG ratio of 7.69 and a beta of 1.09. The business has a 50-day moving average price of $58.41 and a 200-day moving average price of $56.71.

About Pure Storage

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.