Corient Private Wealth LLC Sells 4,007 Shares of Pure Storage, Inc. (NYSE:PSTG)

Corient Private Wealth LLC decreased its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,334 shares of the technology company’s stock after selling 4,007 shares during the quarter. Corient Private Wealth LLC’s holdings in Pure Storage were worth $1,372,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PSTG. Citigroup Inc. lifted its holdings in shares of Pure Storage by 11.3% during the 3rd quarter. Citigroup Inc. now owns 144,005 shares of the technology company’s stock worth $7,235,000 after acquiring an additional 14,659 shares during the period. TT International Asset Management LTD raised its position in Pure Storage by 1,160.1% during the third quarter. TT International Asset Management LTD now owns 73,085 shares of the technology company’s stock valued at $3,671,000 after purchasing an additional 67,285 shares in the last quarter. FMR LLC lifted its stake in Pure Storage by 0.8% during the third quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock worth $2,469,487,000 after purchasing an additional 368,643 shares during the last quarter. Sycomore Asset Management boosted its holdings in shares of Pure Storage by 57.8% in the 4th quarter. Sycomore Asset Management now owns 187,874 shares of the technology company’s stock valued at $11,541,000 after purchasing an additional 68,840 shares in the last quarter. Finally, Asio Capital LLC bought a new position in shares of Pure Storage in the 4th quarter valued at $264,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Pure Storage Stock Up 0.2 %

Shares of NYSE PSTG opened at $52.96 on Wednesday. The company has a market capitalization of $17.28 billion, a PE ratio of 139.37, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a twelve month low of $44.76 and a twelve month high of $73.67. The firm has a fifty day simple moving average of $61.12 and a 200 day simple moving average of $57.47.

Insiders Place Their Bets

In other Pure Storage news, insider Ajay Singh sold 19,972 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the transaction, the insider now directly owns 262,144 shares in the company, valued at approximately $16,142,827.52. This represents a 7.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

PSTG has been the subject of several recent analyst reports. Evercore ISI upped their price objective on Pure Storage from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on shares of Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. TD Cowen lifted their price target 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. UBS Group increased 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. Finally, Citigroup cut their target price on shares of Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned 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 $73.20.

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.