Pure Storage, Inc. (NYSE:PSTG) Shares Acquired by Aviva PLC

Aviva PLC boosted its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 140.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,756 shares of the technology company’s stock after purchasing an additional 109,089 shares during the period. Aviva PLC owned approximately 0.06% of Pure Storage worth $11,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Pure Storage during the fourth quarter worth approximately $29,000. Compass Financial Services Inc bought a new position in Pure Storage during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new position in Pure Storage during the 4th quarter worth $31,000. Berbice Capital Management LLC bought a new stake in shares of Pure Storage in the 4th quarter worth about $37,000. Finally, Financial Life Planners acquired a new stake in shares of Pure Storage in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSTG. StockNews.com cut Pure Storage from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. UBS Group upped their price objective on shares of Pure Storage from $47.00 to $50.00 and gave the stock a “sell” rating in a report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $75.00 price objective on shares of Pure Storage in a research note on Thursday, February 27th. Piper Sandler reduced their target price on shares of Pure Storage from $76.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Citigroup dropped their price target on Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.05.

Pure Storage Stock Performance

Shares of NYSE PSTG opened at $38.59 on Wednesday. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $73.67. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 101.55, a P/E/G ratio of 5.12 and a beta of 1.08. The business’s 50-day simple moving average is $55.61 and its 200-day simple moving average is $56.98.

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.