WoodTrust Financial Corp Acquires 12,845 Shares of Pure Storage, Inc. (NYSE:PSTG)

WoodTrust Financial Corp raised its holdings in Pure Storage, Inc. (NYSE:PSTG) by 63.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,995 shares of the technology company’s stock after purchasing an additional 12,845 shares during the quarter. WoodTrust Financial Corp’s holdings in Pure Storage were worth $2,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cherry Creek Investment Advisors Inc. increased its position in shares of Pure Storage by 0.3% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 67,232 shares of the technology company’s stock worth $4,130,000 after purchasing an additional 189 shares during the period. Larson Financial Group LLC increased its holdings in Pure Storage by 49.1% in the 3rd quarter. Larson Financial Group LLC now owns 644 shares of the technology company’s stock valued at $32,000 after buying an additional 212 shares during the period. Venturi Wealth Management LLC raised its position in shares of Pure Storage by 40.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 754 shares of the technology company’s stock valued at $38,000 after buying an additional 219 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Pure Storage by 3.1% during the 4th quarter. Brookstone Capital Management now owns 7,917 shares of the technology company’s stock worth $486,000 after acquiring an additional 240 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Pure Storage by 0.6% during the 4th quarter. KBC Group NV now owns 39,523 shares of the technology company’s stock worth $2,428,000 after acquiring an additional 246 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Stock Performance

Shares of PSTG opened at $50.12 on Wednesday. The firm has a market capitalization of $16.35 billion, a P/E ratio of 131.89, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage, Inc. has a 52 week low of $44.76 and a 52 week high of $73.67. The stock has a 50 day moving average price of $65.08 and a two-hundred day moving average price of $58.01.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PSTG. Northland Securities reissued a “market perform” rating and issued a $63.00 price objective (up from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. Stifel Nicolaus lifted their price target on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Oppenheimer began coverage on Pure Storage in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Pure Storage from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Pure Storage in a research note on Thursday, November 14th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.20.

Insider Activity at Pure Storage

In related news, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the transaction, the insider now directly owns 262,144 shares of the company’s stock, valued at $16,142,827.52. This trade represents a 7.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Dan Fitzsimons sold 8,895 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $64.11, for a total transaction of $570,258.45. Following the completion of the sale, the executive now directly owns 72,927 shares of the company’s stock, valued at $4,675,349.97. The trade was a 10.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,178 shares of company stock valued at $2,316,746 over the last 90 days. Insiders own 6.00% of the company’s stock.

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.