Nisa Investment Advisors LLC Has $1.40 Million Stock Holdings in Pure Storage, Inc. $PSTG

Nisa Investment Advisors LLC boosted its position in Pure Storage, Inc. (NYSE:PSTG) by 143.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,648 shares of the technology company’s stock after buying an additional 9,799 shares during the period. Nisa Investment Advisors LLC’s holdings in Pure Storage were worth $1,395,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PSTG. Global Retirement Partners LLC boosted its holdings in Pure Storage by 11.8% in the third quarter. Global Retirement Partners LLC now owns 1,530 shares of the technology company’s stock worth $128,000 after acquiring an additional 162 shares in the last quarter. Outfitters Financial LLC raised its position in shares of Pure Storage by 1.3% during the third quarter. Outfitters Financial LLC now owns 13,860 shares of the technology company’s stock worth $1,162,000 after purchasing an additional 175 shares during the period. Penserra Capital Management LLC raised its position in shares of Pure Storage by 11.8% during the second quarter. Penserra Capital Management LLC now owns 1,666 shares of the technology company’s stock worth $95,000 after purchasing an additional 176 shares during the period. Wedmont Private Capital lifted its holdings in shares of Pure Storage by 4.8% in the 3rd quarter. Wedmont Private Capital now owns 3,991 shares of the technology company’s stock worth $351,000 after purchasing an additional 182 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Pure Storage by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock valued at $212,000 after purchasing an additional 194 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Pure Storage news, insider Ajay Singh sold 7,178 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the transaction, the insider owned 215,091 shares of the company’s stock, valued at approximately $14,441,209.74. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $71.31, for a total value of $7,131,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 207,178 shares of company stock valued at $16,771,931 over the last ninety days. 5.60% of the stock is currently owned by company insiders.

Pure Storage Stock Performance

Pure Storage stock opened at $70.57 on Thursday. Pure Storage, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The stock has a market cap of $23.30 billion, a PE ratio of 185.70, a price-to-earnings-growth ratio of 8.37 and a beta of 1.26. The firm’s 50-day simple moving average is $75.69 and its 200 day simple moving average is $74.43.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Tuesday, September 9th. The technology company reported $0.44 EPS for the quarter. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%. The firm had revenue of $763.77 million during the quarter. As a group, analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PSTG has been the topic of several research reports. Piper Sandler set a $92.00 price objective on shares of Pure Storage and gave the stock an “overweight” rating in a report on Thursday, September 25th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd. Morgan Stanley set a $83.00 target price on shares of Pure Storage in a report on Wednesday, December 3rd. Raymond James Financial lifted their price target on Pure Storage from $88.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Guggenheim boosted their price objective on Pure Storage from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.26.

About Pure Storage

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.