Captrust Financial Advisors Grows Holdings in Pure Storage, Inc. (NYSE:PSTG)

Captrust Financial Advisors lifted its position in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,706 shares of the technology company's stock after buying an additional 8,594 shares during the quarter. Captrust Financial Advisors' holdings in Pure Storage were worth $4,221,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Pure Storage during the fourth quarter worth $216,690,000. Artisan Partners Limited Partnership acquired a new stake in Pure Storage in the 4th quarter valued at approximately $210,906,000. William Blair Investment Management LLC raised its position in Pure Storage by 1,725.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,525,208 shares of the technology company's stock valued at $155,124,000 after buying an additional 2,386,864 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Pure Storage by 25.4% during the 4th quarter. Geode Capital Management LLC now owns 6,748,553 shares of the technology company's stock worth $413,982,000 after purchasing an additional 1,366,458 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Pure Storage during the 4th quarter worth approximately $70,971,000. Institutional investors own 83.42% of the company's stock.

Insiders Place Their Bets

In other news, CRO Dan Fitzsimons sold 6,977 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $40.91, for a total value of $285,429.07. Following the transaction, the executive now owns 90,223 shares in the company, valued at $3,691,022.93. This trade represents a 7.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.00% of the company's stock.

Pure Storage Stock Up 3.4%

NYSE:PSTG traded up $1.79 on Tuesday, hitting $55.13. The stock had a trading volume of 2,067,289 shares, compared to its average volume of 3,101,425. The business's fifty day moving average is $45.91 and its 200 day moving average is $55.66. The company has a market cap of $17.97 billion, a PE ratio of 145.08, a P/E/G ratio of 5.12 and a beta of 1.05. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $73.67.

Analysts Set New Price Targets

A number of research firms recently weighed in on PSTG. UBS Group boosted 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. Evercore ISI lowered their target price on Pure Storage from $75.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Bank of America lowered their target price on Pure Storage from $77.00 to $73.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. StockNews.com cut Pure Storage from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Citigroup decreased their price target on Pure Storage from $77.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

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.