Ossiam Has $556,000 Position in Pure Storage, Inc. (NYSE:PSTG)

Ossiam increased its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,052 shares of the technology company’s stock after purchasing an additional 841 shares during the quarter. Ossiam’s holdings in Pure Storage were worth $556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Pure Storage by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,167,921 shares of the technology company’s stock valued at $71,758,000 after purchasing an additional 29,522 shares during the period. First Trust Advisors LP grew its position in shares of Pure Storage by 3.0% during the 4th quarter. First Trust Advisors LP now owns 3,118,774 shares of the technology company’s stock worth $191,586,000 after buying an additional 91,368 shares during the period. Forum Financial Management LP increased its stake in Pure Storage by 8.5% in the fourth quarter. Forum Financial Management LP now owns 4,523 shares of the technology company’s stock valued at $278,000 after purchasing an additional 353 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Pure Storage by 18.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 311,973 shares of the technology company’s stock worth $19,159,000 after buying an additional 47,482 shares during the period. Finally, Champlain Investment Partners LLC raised its position in shares of Pure Storage by 3.0% during the fourth quarter. Champlain Investment Partners LLC now owns 5,921,392 shares of the technology company’s stock worth $363,751,000 after purchasing an additional 174,449 shares during the period. Institutional investors own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler dropped their target price on shares of Pure Storage from $76.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC restated a “buy” rating and issued a $75.00 target price on shares of Pure Storage in a research note on Thursday, February 27th. Bank of America lowered their price target on shares of Pure Storage from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. UBS Group boosted their target price on Pure Storage from $47.00 to $50.00 and gave the stock a “sell” rating in a research report on Thursday, February 27th. Finally, StockNews.com cut shares of Pure Storage from a “buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.95.

Pure Storage Trading Up 0.4 %

Shares of NYSE:PSTG opened at $40.37 on Wednesday. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $73.67. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 106.24, a PEG ratio of 5.12 and a beta of 1.08. The stock has a fifty day simple moving average of $49.76 and a two-hundred day simple moving average of $56.31.

Pure Storage Company 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.