Bokf Na Has $8.99 Million Stock Position in Pure Storage, Inc. (NYSE:PSTG)

BOKF NA decreased its stake in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,925 shares of the technology company's stock after selling 30,577 shares during the period. BOKF NA's holdings in Pure Storage were worth $8,993,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

PSTG has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $75.00 price objective on shares of Pure Storage in a report on Thursday, February 27th. Bank of America cut their price objective on Pure Storage from $77.00 to $73.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. UBS Group increased their target price on Pure Storage from $47.00 to $50.00 and gave the stock a "sell" rating in a report on Thursday, February 27th. Piper Sandler reduced their price target on shares of Pure Storage from $76.00 to $53.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI dropped their target price on shares of Pure Storage from $75.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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 Pure Storage stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $40.91, for a total value of $285,429.07. Following the completion of the sale, the executive now owns 90,223 shares in the company, valued at $3,691,022.93. The trade was a 7.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.00% of the company's stock.

Pure Storage Price Performance

Pure Storage stock traded down $0.26 during trading hours on Friday, hitting $48.72. The company had a trading volume of 1,570,010 shares, compared to its average volume of 3,101,958. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $73.67. The firm has a market cap of $15.88 billion, a PE ratio of 128.21, a PEG ratio of 5.12 and a beta of 1.05. The firm has a 50-day moving average of $45.89 and a 200 day moving average of $55.65.

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.