Pure Storage, Inc. (NYSE:PSTG) Stock Holdings Boosted by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 131.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,800 shares of the technology company's stock after purchasing an additional 57,800 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Pure Storage were worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PSTG. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Pure Storage by 83.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,068,255 shares of the technology company's stock worth $73,754,000 after acquiring an additional 943,850 shares in the last quarter. Cerity Partners LLC acquired a new stake in Pure Storage in the fourth quarter worth about $236,000. Cherry Creek Investment Advisors Inc. raised its stake in shares of Pure Storage by 192.1% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 60,530 shares of the technology company's stock worth $2,158,000 after purchasing an additional 39,810 shares during the last quarter. Graphene Investments SAS raised its stake in shares of Pure Storage by 18.7% in the fourth quarter. Graphene Investments SAS now owns 88,700 shares of the technology company's stock worth $3,163,000 after purchasing an additional 14,000 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Pure Storage in the fourth quarter worth about $514,000. Institutional investors own 83.42% of the company's stock.

Pure Storage Trading Down 2.8 %

NYSE PSTG traded down $1.56 on Friday, reaching $53.43. 2,714,808 shares of the company were exchanged, compared to its average volume of 2,926,402. The business's fifty day moving average price is $49.14 and its 200 day moving average price is $40.67. The stock has a market capitalization of $17.36 billion, a P/E ratio of 314.31, a price-to-earnings-growth ratio of 6.94 and a beta of 1.15. The company has a current ratio of 1.83, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. Pure Storage, Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $58.46.

Pure Storage (NYSE:PSTG - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.10. The company had revenue of $789.81 million for the quarter, compared to analyst estimates of $784.31 million. Pure Storage had a return on equity of 12.60% and a net margin of 2.17%. The firm's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. Analysts forecast that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PSTG. Evercore ISI raised their price objective on Pure Storage from $41.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Susquehanna raised their price objective on Pure Storage from $45.00 to $65.00 and gave the stock a "positive" rating in a research note on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $66.00 price target on shares of Pure Storage in a research report on Thursday. Bank of America lifted their price target on Pure Storage from $42.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, February 29th. Finally, Wedbush reiterated an "outperform" rating and set a $50.00 price target on shares of Pure Storage in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $50.53.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 37,588 shares of Pure Storage stock in a transaction on Friday, April 5th. The stock was sold at an average price of $53.54, for a total value of $2,012,461.52. Following the sale, the insider now owns 380,834 shares in the company, valued at $20,389,852.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ajay Singh sold 37,588 shares of the business's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $53.54, for a total value of $2,012,461.52. Following the sale, the insider now owns 380,834 shares in the company, valued at approximately $20,389,852.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne Taylor sold 36,860 shares of the business's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $53.76, for a total value of $1,981,593.60. Following the completion of the sale, the director now owns 18,883 shares in the company, valued at approximately $1,015,150.08. The disclosure for this sale can be found here. Company insiders own 6.50% of the company's stock.

Pure Storage Company Profile

Pure Storage, Inc, together with its subsidiaries, provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.