Corebridge Financial Inc. Sells 13,209 Shares of Pure Storage, Inc. (NYSE:PSTG)

Corebridge Financial Inc. trimmed its stake in Pure Storage, Inc. (NYSE:PSTG) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,297 shares of the technology company’s stock after selling 13,209 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Pure Storage worth $21,826,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Prospera Financial Services Inc grew its holdings in shares of Pure Storage by 22.9% in the third quarter. Prospera Financial Services Inc now owns 4,960 shares of the technology company’s stock worth $249,000 after acquiring an additional 925 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Pure Storage in the third quarter worth about $392,000. Citigroup Inc. grew its stake in shares of Pure Storage by 11.3% during the 3rd quarter. Citigroup Inc. now owns 144,005 shares of the technology company’s stock valued at $7,235,000 after purchasing an additional 14,659 shares during the period. Larson Financial Group LLC increased its position in shares of Pure Storage by 49.1% during the 3rd quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock valued at $32,000 after purchasing an additional 212 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Pure Storage by 29.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 995,019 shares of the technology company’s stock worth $49,990,000 after purchasing an additional 225,949 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the transaction, the insider now directly owns 262,144 shares in the company, valued at $16,142,827.52. This trade represents a 7.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.00% of the stock is owned by corporate insiders.

Pure Storage Trading Up 3.4 %

Shares of PSTG opened at $52.89 on Tuesday. The firm has a market capitalization of $17.25 billion, a P/E ratio of 139.19, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 12-month low of $44.76 and a 12-month high of $73.67. The firm has a fifty day moving average price of $61.33 and a 200-day moving average price of $57.42.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PSTG shares. Citigroup decreased their price target on shares of Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus raised their target price on Pure Storage from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. StockNews.com downgraded Pure Storage from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. UBS Group upped 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. Finally, Barclays boosted their price objective on Pure Storage from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and a consensus price target of $73.20.

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.