19,678 Shares in Pure Storage, Inc. (NYSE:PSTG) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in Pure Storage, Inc. (NYSE:PSTG) in the fourth quarter, HoldingsChannel.com reports. The fund bought 19,678 shares of the technology company’s stock, valued at approximately $1,253,000.

Several other institutional investors also recently made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new position in Pure Storage during the 4th quarter valued at approximately $29,000. Berbice Capital Management LLC bought a new stake in Pure Storage in the fourth quarter valued at $37,000. ORG Wealth Partners LLC acquired a new position in shares of Pure Storage during the third quarter valued at $31,000. Larson Financial Group LLC grew its position in shares of Pure Storage by 49.1% during the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock worth $32,000 after acquiring an additional 212 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Pure Storage by 40.9% during the third quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock worth $38,000 after acquiring an additional 219 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Insider Transactions at Pure Storage

In other news, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the transaction, the insider now owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. The trade was a 1.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mona Chu sold 8,311 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.16, for a total value of $516,611.76. Following the completion of the sale, the chief accounting officer now directly owns 67,681 shares of the company’s stock, valued at approximately $4,207,050.96. This represents a 10.94 % 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 ninety days. Corporate insiders own 6.00% of the company’s stock.

Pure Storage Stock Down 9.5 %

NYSE:PSTG opened at $65.27 on Tuesday. The stock has a fifty day simple moving average of $61.69 and a 200 day simple moving average of $56.91. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 171.76, a price-to-earnings-growth ratio of 8.72 and a beta of 1.09. Pure Storage, Inc. has a 1-year low of $38.78 and a 1-year high of $73.67.

Analysts Set New Price Targets

A number of research firms have issued reports on PSTG. Evercore ISI boosted their target price on shares of Pure Storage from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. UBS Group boosted their price objective on Pure Storage from $45.00 to $47.00 and gave the stock a “sell” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley lifted their target price on Pure Storage from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Oppenheimer initiated coverage on Pure Storage in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.70.

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.