AQR Capital Management LLC Has $24.73 Million Holdings in Pure Storage, Inc. (NYSE:PSTG)

AQR Capital Management LLC decreased its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 402,594 shares of the technology company's stock after selling 134,269 shares during the period. AQR Capital Management LLC owned 0.12% of Pure Storage worth $24,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSTG. Sycomore Asset Management grew its position in Pure Storage by 57.8% in the 4th quarter. Sycomore Asset Management now owns 187,874 shares of the technology company's stock valued at $11,541,000 after buying an additional 68,840 shares during the last quarter. Asio Capital LLC purchased a new position in Pure Storage in the 4th quarter valued at approximately $264,000. Oak Thistle LLC purchased a new stake in shares of Pure Storage in the 4th quarter worth about $1,196,000. Franklin Resources Inc. grew its position in shares of Pure Storage by 210.2% in the third quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company's stock valued at $137,628,000 after purchasing an additional 1,730,123 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Pure Storage by 23.5% during the 4th quarter. Victory Capital Management Inc. now owns 284,649 shares of the technology company's stock worth $17,486,000 after purchasing an additional 54,256 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PSTG shares. Piper Sandler dropped their price objective on Pure Storage from $76.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their price objective on shares of Pure Storage from $77.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Bank of America cut their target price on Pure Storage from $77.00 to $73.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $75.00 price target on shares of Pure Storage in a report on Thursday, February 27th. Finally, UBS Group upped their price target on shares of Pure Storage from $47.00 to $50.00 and gave the stock a "sell" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $70.20.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, CRO Dan Fitzsimons sold 6,977 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $40.91, for a total transaction of $285,429.07. Following the completion of the transaction, the executive now directly owns 90,223 shares of the company's stock, valued at $3,691,022.93. The trade was a 7.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.00% of the stock is currently owned by insiders.

Pure Storage Stock Performance

Shares of NYSE PSTG remained flat at $47.58 during midday trading on Wednesday. 2,243,764 shares of the stock traded hands, compared to its average volume of 3,094,673. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $73.67. The business has a fifty day simple moving average of $46.03 and a two-hundred day simple moving average of $55.77. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 125.21, a P/E/G ratio of 5.12 and a beta of 1.05.

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.