Dimensional Fund Advisors LP Buys 29,522 Shares of Pure Storage, Inc. (NYSE:PSTG)

Dimensional Fund Advisors LP grew its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,167,921 shares of the technology company's stock after purchasing an additional 29,522 shares during the quarter. Dimensional Fund Advisors LP owned 0.36% of Pure Storage worth $71,758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PSTG. Sugar Maple Asset Management LLC bought a new position in shares of Pure Storage in the fourth quarter valued at $29,000. Compass Financial Services Inc acquired a new position in shares of Pure Storage in the 4th quarter worth $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Pure Storage during the fourth quarter worth $31,000. Berbice Capital Management LLC purchased a new stake in shares of Pure Storage during the fourth quarter valued at $37,000. Finally, Financial Life Planners acquired a new position in shares of Pure Storage in the 4th quarter valued at $44,000. Institutional investors own 83.42% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on PSTG shares. UBS Group upped their price objective on shares of Pure Storage from $47.00 to $50.00 and gave the company a "sell" rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of Pure Storage from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $75.00 price objective on shares of Pure Storage in a research report on Thursday, February 27th. Piper Sandler cut their target price on shares of Pure Storage from $76.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America decreased their target price 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. 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 company. According to data from MarketBeat.com, Pure Storage currently has an average rating of "Moderate Buy" and an average price target of $70.20.

Pure Storage Price Performance

Shares of NYSE PSTG traded down $0.11 during trading hours on Tuesday, hitting $47.47. 229,487 shares of the stock were exchanged, compared to its average volume of 3,085,987. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $73.67. The company's 50 day moving average is $46.13 and its 200 day moving average is $55.83. The firm has a market capitalization of $15.48 billion, a P/E ratio of 125.24, a P/E/G ratio of 5.12 and a beta of 1.05.

Insiders Place Their Bets

In other Pure Storage news, CRO Dan Fitzsimons sold 6,977 shares of Pure Storage 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.00% of the company's stock.

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.