Pure Storage, Inc. (NYSE:PSTG) Stock Holdings Raised by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,043 shares of the technology company’s stock after purchasing an additional 29,878 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Pure Storage were worth $8,603,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its position in shares of Pure Storage by 21.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,484 shares of the technology company’s stock worth $802,000 after buying an additional 2,165 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Pure Storage by 250.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,022 shares of the technology company’s stock valued at $66,000 after acquiring an additional 730 shares during the period. AE Wealth Management LLC bought a new position in shares of Pure Storage during the second quarter valued at approximately $260,000. ProShare Advisors LLC raised its position in shares of Pure Storage by 92.3% during the 2nd quarter. ProShare Advisors LLC now owns 31,828 shares of the technology company’s stock worth $2,044,000 after purchasing an additional 15,280 shares during the period. Finally, Evergreen Capital Management LLC bought a new stake in shares of Pure Storage in the 2nd quarter worth approximately $267,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Pure Storage Stock Performance

Shares of NYSE:PSTG opened at $72.15 on Friday. The firm has a 50 day simple moving average of $61.21 and a 200 day simple moving average of $57.00. Pure Storage, Inc. has a 52 week low of $38.78 and a 52 week high of $73.67. The company has a market cap of $23.54 billion, a PE ratio of 189.87, a price-to-earnings-growth ratio of 8.72 and a beta of 1.09.

Insider Activity

In related news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the transaction, the insider now directly owns 7,316,722 shares of the company’s stock, valued at approximately $479,611,127.10. The trade was a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ajay Singh sold 19,972 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the completion of the transaction, the insider now owns 262,144 shares in the company, valued at approximately $16,142,827.52. This represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,178 shares of company stock worth $8,871,746. 6.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PSTG shares. Lake Street Capital increased their target price on Pure Storage from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Citigroup boosted their price objective on Pure Storage from $63.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. TD Cowen increased their price target on Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Oppenheimer began coverage on shares of Pure Storage in a research note on Wednesday, November 13th. They set an “outperform” rating and a $70.00 price objective on the stock. Finally, UBS Group increased their target price on shares of Pure Storage from $45.00 to $47.00 and gave the company a “sell” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.70.

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.