MetLife Investment Management LLC Grows Holdings in Pure Storage, Inc. (NYSE:PSTG)

MetLife Investment Management LLC lifted its holdings in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187,206 shares of the technology company's stock after acquiring an additional 15,366 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Pure Storage worth $11,500,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSTG. Barclays PLC raised its stake in Pure Storage by 9.4% during the third quarter. Barclays PLC now owns 316,911 shares of the technology company's stock worth $15,921,000 after acquiring an additional 27,345 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Pure Storage by 15.1% in the third quarter. Sanctuary Advisors LLC now owns 17,709 shares of the technology company's stock valued at $915,000 after acquiring an additional 2,317 shares during the last quarter. World Investment Advisors LLC bought a new position in Pure Storage during the third quarter worth $477,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pure Storage in the 3rd quarter worth about $119,000. Finally, Tidal Investments LLC lifted its stake in Pure Storage by 2.0% in the third quarter. Tidal Investments LLC now owns 69,711 shares of the technology company's stock valued at $3,502,000 after buying an additional 1,343 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CRO Dan Fitzsimons sold 6,977 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $40.91, for a total transaction of $285,429.07. Following the sale, the executive now owns 90,223 shares of the company's stock, valued at approximately $3,691,022.93. This trade represents a 7.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PSTG shares. Needham & Company LLC restated a "buy" rating and set a $75.00 price objective on shares of Pure Storage in a report on Thursday, February 27th. Citigroup cut their price target on shares of Pure Storage from $77.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Bank of America lowered their target price on Pure Storage from $77.00 to $73.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. UBS Group raised their price objective on shares of Pure Storage from $47.00 to $50.00 and gave the stock a "sell" rating in a report on Thursday, February 27th. Finally, StockNews.com lowered Pure Storage from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.95.

Pure Storage Stock Up 1.3 %

NYSE:PSTG traded up $0.58 on Friday, hitting $45.71. The stock had a trading volume of 1,806,817 shares, compared to its average volume of 3,115,425. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 120.29, a PEG ratio of 5.12 and a beta of 1.08. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $73.67. The company has a fifty day moving average price of $48.34 and a two-hundred day moving average price of $56.13.

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.