603 Shares in Pure Storage, Inc. (NYSE:PSTG) Purchased by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new position in shares of Pure Storage, Inc. (NYSE:PSTG) during the 4th quarter, Holdings Channel.com reports. The fund acquired 603 shares of the technology company’s stock, valued at approximately $37,000.

Other hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in Pure Storage during the fourth quarter worth about $29,000. ORG Wealth Partners LLC bought a new stake in Pure Storage during the third quarter worth about $31,000. Larson Financial Group LLC boosted its stake in 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 in the last quarter. Venturi Wealth Management LLC boosted its stake in 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 in the last quarter. Finally, Covestor Ltd boosted its stake in Pure Storage by 175.3% during the third quarter. Covestor Ltd now owns 991 shares of the technology company’s stock worth $50,000 after acquiring an additional 631 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted 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. Morgan Stanley lifted their target price on shares of Pure Storage from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. William Blair reaffirmed an “outperform” rating on shares of Pure Storage in a report on Thursday, November 14th. UBS Group lifted their target price on shares of Pure Storage from $45.00 to $47.00 and gave the stock a “sell” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus lifted their target price on shares of Pure Storage from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and a consensus target price of $72.70.

Pure Storage Trading Up 0.6 %

Shares of PSTG opened at $72.78 on Friday. Pure Storage, Inc. has a twelve month low of $38.78 and a twelve month high of $73.67. The company has a market cap of $23.74 billion, a P/E ratio of 191.41, a P/E/G ratio of 8.72 and a beta of 1.09. The company’s fifty day simple moving average is $60.75 and its 200-day simple moving average is $56.89.

Insider Activity

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the transaction, the insider now directly owns 7,316,722 shares in the company, valued at $479,611,127.10. This represents a 1.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $516,611.76. Following the transaction, the chief accounting officer now owns 67,681 shares in the company, valued at approximately $4,207,050.96. The trade was a 10.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,178 shares of company stock valued at $8,871,746. 6.00% of the stock is currently owned by company insiders.

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.