Barclays PLC Has $15.92 Million Holdings in Pure Storage, Inc. (NYSE:PSTG)

Barclays PLC boosted its stake in Pure Storage, Inc. (NYSE:PSTG) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 316,911 shares of the technology company’s stock after purchasing an additional 27,345 shares during the quarter. Barclays PLC owned about 0.10% of Pure Storage worth $15,921,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in Pure Storage by 6.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,610 shares of the technology company’s stock valued at $4,251,000 after purchasing an additional 5,000 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Pure Storage in the 3rd quarter valued at $203,000. Main Management ETF Advisors LLC bought a new stake in shares of Pure Storage in the 3rd quarter valued at $741,000. World Investment Advisors LLC bought a new stake in shares of Pure Storage in the 3rd quarter valued at $20,470,000. Finally, XTX Topco Ltd raised its stake in Pure Storage by 98.3% during the 3rd quarter. XTX Topco Ltd now owns 24,281 shares of the technology company’s stock worth $1,220,000 after buying an additional 12,036 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Stock Up 1.9 %

NYSE:PSTG opened at $63.70 on Monday. Pure Storage, Inc. has a twelve month low of $34.32 and a twelve month high of $70.41. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 167.64, a price-to-earnings-growth ratio of 7.69 and a beta of 1.13. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $54.29 and its two-hundred day moving average price is $56.84.

Insider Activity at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction dated 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 completion of the transaction, the insider now owns 7,316,722 shares in the company, valued at approximately $479,611,127.10. This trade represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Dan Fitzsimons sold 8,895 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.67, for a total value of $450,709.65. Following the transaction, the executive now directly owns 94,446 shares in the company, valued at approximately $4,785,578.82. This trade represents a 8.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 454,542 shares of company stock valued at $25,154,030. 6.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Needham & Company LLC boosted their target price on Pure Storage from $62.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Susquehanna reiterated a “positive” rating and issued a $80.00 price objective on shares of Pure Storage in a research report on Monday, August 26th. UBS Group increased their target price on Pure Storage from $45.00 to $47.00 and gave the stock a “sell” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price target on shares of Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Barclays increased 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Pure Storage currently has an average rating of “Moderate Buy” and a consensus target price of $72.10.

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.