Atria Wealth Solutions Inc. Raises Stock Holdings in Pure Storage, Inc. (NYSE:PSTG)

Atria Wealth Solutions Inc. increased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,358 shares of the technology company’s stock after acquiring an additional 258 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Pure Storage were worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PSTG. Sugar Maple Asset Management LLC purchased a new position in Pure Storage in the fourth quarter valued at about $29,000. Compass Financial Services Inc bought a new stake in shares of Pure Storage in the 4th quarter worth approximately $29,000. Larson Financial Group LLC lifted its stake in Pure Storage by 49.1% in the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock valued at $32,000 after purchasing an additional 212 shares during the last quarter. Berbice Capital Management LLC bought a new position in Pure Storage during the fourth quarter valued at $37,000. Finally, Venturi Wealth Management LLC increased its position in Pure Storage by 40.9% in the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock worth $38,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Activity at Pure Storage

In other news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total value of $6,555,000.00. Following the completion of the transaction, the insider now directly owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This represents a 1.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Dan Fitzsimons sold 8,895 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $64.11, for a total value of $570,258.45. Following the transaction, the executive now directly owns 72,927 shares in the company, valued at approximately $4,675,349.97. This represents a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,178 shares of company stock valued at $8,871,746 over the last 90 days. 6.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on PSTG shares. JPMorgan Chase & Co. increased their price target on Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Stifel Nicolaus increased their target price on shares of Pure Storage from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Evercore ISI boosted their price target on shares of Pure Storage from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Needham & Company LLC raised their price objective on shares of Pure Storage from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, TD Cowen boosted their target price on shares of Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.95.

Pure Storage Price Performance

Shares of NYSE:PSTG opened at $63.89 on Tuesday. The company’s fifty day moving average price is $66.18 and its 200-day moving average price is $58.22. The firm has a market capitalization of $20.84 billion, a price-to-earnings ratio of 168.12, a PEG ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a one year low of $40.79 and a one year high of $73.67.

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.