Signaturefd LLC Has $197,000 Holdings in Pure Storage, Inc. (NYSE:PSTG)

Signaturefd LLC decreased its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,205 shares of the technology company’s stock after selling 358 shares during the period. Signaturefd LLC’s holdings in Pure Storage were worth $197,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Citigroup Inc. grew its position 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 buying an additional 14,659 shares during the period. TT International Asset Management LTD grew its position in shares of Pure Storage by 1,160.1% during the 3rd quarter. TT International Asset Management LTD now owns 73,085 shares of the technology company’s stock worth $3,671,000 after buying an additional 67,285 shares during the period. FMR LLC grew its position in shares of Pure Storage by 0.8% during the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock worth $2,469,487,000 after buying an additional 368,643 shares during the period. Sycomore Asset Management grew its position in shares of Pure Storage by 57.8% during the 4th quarter. Sycomore Asset Management now owns 187,874 shares of the technology company’s stock worth $11,541,000 after buying an additional 68,840 shares during the period. Finally, Asio Capital LLC acquired a new stake in shares of Pure Storage during the 4th quarter worth approximately $264,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Transactions at Pure Storage

In related news, CRO Dan Fitzsimons sold 8,895 shares of Pure Storage stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total value of $570,258.45. Following the completion of the sale, the executive now owns 72,927 shares of the company’s stock, valued at approximately $4,675,349.97. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ajay Singh sold 19,972 shares of Pure Storage stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total value of $1,229,875.76. Following the completion of the sale, the insider now directly owns 262,144 shares of the company’s stock, valued at approximately $16,142,827.52. This trade represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PSTG. Barclays raised their price objective on shares of Pure Storage from $56.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Citigroup cut their target price on Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. UBS Group increased their target price on Pure Storage from $47.00 to $50.00 and gave the stock a “sell” rating in a report on Thursday, February 27th. Wells Fargo & Company increased their target price on Pure Storage from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Pure Storage in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pure Storage currently has a consensus rating of “Moderate Buy” and an average target price of $73.20.

Pure Storage Price Performance

NYSE PSTG opened at $51.11 on Friday. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 134.51, a PEG ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a one year low of $44.76 and a one year high of $73.67. The business’s fifty day moving average is $61.53 and its 200-day moving average is $57.31.

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.