Pure Storage, Inc. (NYSE:PSTG) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC increased its stake in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,083 shares of the technology company's stock after acquiring an additional 51,936 shares during the period. Voya Investment Management LLC owned approximately 0.11% of Pure Storage worth $21,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Pure Storage in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Pure Storage in the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Pure Storage in the 4th quarter valued at about $31,000. Berbice Capital Management LLC purchased a new stake in shares of Pure Storage in the fourth quarter worth about $37,000. Finally, Financial Life Planners purchased a new position in shares of Pure Storage in the fourth quarter valued at $44,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Pure Storage Price Performance

Shares of PSTG traded up $1.33 on Friday, reaching $47.79. The company's stock had a trading volume of 895,558 shares, compared to its average volume of 3,089,497. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $73.67. The stock has a market capitalization of $15.58 billion, a P/E ratio of 125.96, a PEG ratio of 5.12 and a beta of 1.08. The stock's 50 day simple moving average is $46.70 and its two-hundred day simple moving average is $55.92.

Insider Buying and Selling at Pure Storage

In other news, CRO Dan Fitzsimons sold 6,977 shares of the business's stock in a transaction 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 completion of the transaction, the executive now directly owns 90,223 shares of the company's stock, valued at approximately $3,691,022.93. The trade was a 7.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.00% of the company's stock.

Wall Street Analyst Weigh In

PSTG has been the subject of several research analyst reports. StockNews.com lowered Pure Storage from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. UBS Group increased their price target on Pure Storage from $47.00 to $50.00 and gave the company a "sell" rating in a research note on Thursday, February 27th. Citigroup reduced their price objective 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. Bank of America decreased their price target on shares of Pure Storage from $77.00 to $73.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Finally, Evercore ISI cut their target price on Pure Storage from $75.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Pure Storage has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

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.