Elo Mutual Pension Insurance Co Acquires 1,317 Shares of Pure Storage, Inc. (NYSE:PSTG)

Elo Mutual Pension Insurance Co lifted its stake in Pure Storage, Inc. (NYSE:PSTG) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,762 shares of the technology company’s stock after purchasing an additional 1,317 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Pure Storage were worth $1,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Citigroup Inc. raised its position in Pure Storage by 11.3% in 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 last quarter. Larson Financial Group LLC raised its stake in shares of Pure Storage by 49.1% in the third quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock worth $32,000 after buying an additional 212 shares during the period. Bank of Montreal Can raised its stake in Pure Storage by 92.0% during the 3rd quarter. Bank of Montreal Can now owns 193,563 shares of the technology company’s stock worth $9,570,000 after acquiring an additional 92,762 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Pure Storage by 14.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 180,957 shares of the technology company’s stock valued at $9,091,000 after buying an additional 23,398 shares in the last quarter. Finally, Townsquare Capital LLC boosted its holdings in Pure Storage by 10.2% in the 3rd quarter. Townsquare Capital LLC now owns 73,444 shares of the technology company’s stock worth $3,690,000 after buying an additional 6,806 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Pure Storage Trading Down 5.0 %

Shares of PSTG opened at $46.00 on Friday. The firm has a fifty day moving average price of $60.09 and a 200-day moving average price of $57.43. The firm has a market capitalization of $15.01 billion, a P/E ratio of 121.04, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 12-month low of $44.76 and a 12-month high of $73.67.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group upped their price objective on Pure Storage from $47.00 to $50.00 and gave the stock a “sell” rating in a research note on Thursday, February 27th. Northland Securities reaffirmed a “market perform” rating and set a $63.00 price objective (up from $59.00) on shares of Pure Storage in a report on Wednesday, December 4th. StockNews.com lowered shares of Pure Storage from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price target on shares of Pure Storage in a research note on Thursday, February 27th. Finally, Citigroup dropped their price objective on shares of Pure Storage from $80.00 to $77.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.20.

Insider Activity at Pure Storage

In other news, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the transaction, the insider now owns 262,144 shares in the company, valued at approximately $16,142,827.52. This trade represents a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.00% of the stock is currently owned by company insiders.

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.