Crumly & Associates Inc. Buys Shares of 3,323 Pure Storage, Inc. (NYSE:PSTG)

Crumly & Associates Inc. bought a new stake in shares of Pure Storage, Inc. (NYSE:PSTG) during the fourth quarter, Holdings Channel reports. The fund bought 3,323 shares of the technology company’s stock, valued at approximately $204,000.

A number of other institutional investors have also added to or reduced their stakes in PSTG. Creative Planning increased its position in Pure Storage by 39.7% during the 3rd quarter. Creative Planning now owns 27,399 shares of the technology company’s stock valued at $1,377,000 after purchasing an additional 7,780 shares during the period. Bleakley Financial Group LLC increased its position in Pure Storage by 10.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,588 shares of the technology company’s stock valued at $281,000 after purchasing an additional 530 shares during the period. Blue Trust Inc. increased its position in Pure Storage by 462.2% during the 3rd quarter. Blue Trust Inc. now owns 4,166 shares of the technology company’s stock valued at $209,000 after purchasing an additional 3,425 shares during the period. International Assets Investment Management LLC increased its position in Pure Storage by 2,507.0% during the 3rd quarter. International Assets Investment Management LLC now owns 108,267 shares of the technology company’s stock valued at $5,439,000 after purchasing an additional 104,114 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in Pure Storage by 35.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 20,169 shares of the technology company’s stock valued at $1,013,000 after purchasing an additional 5,252 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Pure Storage Stock Down 0.0 %

PSTG stock opened at $67.88 on Friday. Pure Storage, Inc. has a 52 week low of $38.78 and a 52 week high of $73.67. The firm has a 50 day moving average of $66.20 and a 200 day moving average of $58.00. The stock has a market capitalization of $22.15 billion, a PE ratio of 178.64, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 19,972 shares of Pure Storage stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the completion of the sale, the insider now directly owns 262,144 shares in the company, valued at approximately $16,142,827.52. The trade was a 7.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Mona Chu sold 8,311 shares of Pure Storage stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.16, for a total transaction of $516,611.76. Following the sale, the chief accounting officer now owns 67,681 shares of the company’s stock, 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. In the last ninety days, insiders sold 137,178 shares of company stock worth $8,871,746. Company insiders own 6.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PSTG shares. Lake Street Capital raised their target price on shares of Pure Storage from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on shares of Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Barclays lifted 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. Oppenheimer started coverage on shares of Pure Storage in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Pure Storage from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.70.

Pure Storage 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.