Bokf Na Lowers Holdings in Pure Storage, Inc. (NYSE:PSTG)

Bokf Na reduced its position in Pure Storage, Inc. (NYSE:PSTG) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,925 shares of the technology company’s stock after selling 30,577 shares during the period. Bokf Na’s holdings in Pure Storage were worth $8,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Pure Storage by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 33,443,732 shares of the technology company’s stock valued at $2,054,448,000 after buying an additional 615,931 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Pure Storage by 5.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,207,162 shares of the technology company’s stock worth $442,736,000 after purchasing an additional 401,035 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Pure Storage by 25.4% during the 4th quarter. Geode Capital Management LLC now owns 6,748,553 shares of the technology company’s stock valued at $413,982,000 after acquiring an additional 1,366,458 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Pure Storage by 3.0% in the fourth quarter. Champlain Investment Partners LLC now owns 5,921,392 shares of the technology company’s stock valued at $363,751,000 after purchasing an additional 174,449 shares during the period. Finally, Invesco Ltd. boosted its position in Pure Storage by 18.8% in the 4th quarter. Invesco Ltd. now owns 4,162,081 shares of the technology company’s stock valued at $255,677,000 after buying an additional 657,175 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Ratings Changes

PSTG has been the subject of several recent research reports. Bank of America decreased their price objective on Pure Storage from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Piper Sandler dropped their price objective on Pure Storage from $76.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their target price on shares of Pure Storage from $77.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. UBS Group increased their price target on shares of Pure Storage from $47.00 to $50.00 and gave the stock a “sell” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Pure Storage in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

Insider Activity

In other news, CRO Dan Fitzsimons sold 6,977 shares of Pure Storage stock in a transaction on Monday, April 21st. The stock was sold at an average price of $40.91, for a total value of $285,429.07. Following the completion of the sale, the executive now owns 90,223 shares of the company’s stock, valued at $3,691,022.93. The trade was a 7.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.00% of the company’s stock.

Pure Storage Price Performance

PSTG stock opened at $47.69 on Wednesday. The company’s 50 day simple moving average is $46.03 and its 200-day simple moving average is $55.77. The firm has a market capitalization of $15.55 billion, a PE ratio of 125.51, a P/E/G ratio of 5.12 and a beta of 1.05. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $73.67.

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.