<div id="readability-page-1"><p>Prudential Financial Inc. grew its holdings in shares of  Pure Storage, Inc. (NYSE:PSTG - Free Report) by 7.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor  owned 86,576 shares of the technology company's stock after buying an additional 6,323 shares during the period. Prudential Financial Inc.'s holdings in Pure Storage were worth $4,985,000 as of its most recent filing with the SEC.</p><ul><li>3 Data Memory Stocks Beating NVDA This Year</li></ul><p>Several other large investors also recently modified their holdings of PSTG. Avantax Advisory Services Inc. boosted its stake in  Pure Storage by 8.4% during the first quarter. Avantax Advisory Services Inc. now owns 9,187 shares of the technology company's stock worth $407,000 after acquiring an additional 712 shares in the last quarter.  Cetera Investment Advisers raised its holdings in shares of  Pure Storage by 12.1% during the first quarter. Cetera Investment Advisers now owns 82,146 shares of the technology company's stock valued at $3,637,000 after purchasing an additional 8,878 shares during the period.  LPL Financial LLC boosted its position in shares of  Pure Storage by 22.6% during the 1st quarter. LPL Financial LLC now owns 118,368 shares of the technology company's stock worth $5,240,000 after purchasing an additional 21,812 shares in the last quarter.  Federated Hermes Inc. grew its stake in shares of  Pure Storage by 18.6% in the 1st quarter. Federated Hermes Inc. now owns 80,900 shares of the technology company's stock valued at $3,581,000 after buying an additional 12,678 shares during the period.  Finally, Banque Cantonale Vaudoise bought a new stake in  Pure Storage in the 1st quarter valued at about $284,000. Institutional investors and hedge funds own  83.42% of the company's stock. </p><h2>Pure Storage Trading Up 3.9%</h2><p>Shares of Pure Storage stock opened at $89.10 on Monday. The company has a market capitalization of $29.28 billion, a P/E ratio of 217.31, a price-to-earnings-growth ratio of 8.99 and a beta of 1.24. The stock has a fifty day simple moving average of $89.07 and a 200 day simple moving average of $70.80. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59. </p><ul><li>These 3 High-Momentum ETFs Are Riding the Tech Wave</li></ul><p>Pure Storage (NYSE:PSTG - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. The business had revenue of $763.77 million for the quarter. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%. On average, analysts predict that  Pure Storage, Inc. will post 0.44 EPS for the current year. </p><h2>Analyst Ratings Changes</h2><p>A number of research analysts recently weighed in on the company. Wells Fargo &amp; Company upped their price target on Pure Storage from $80.00 to $100.00 and gave the stock an &#34;overweight&#34; rating in a research note on Friday, September 26th. Morgan Stanley boosted their price objective on Pure Storage from $72.00 to $90.00 and gave the company an &#34;equal weight&#34; rating in a report on Monday, November 17th. Bank of America upped their target price on Pure Storage from $76.00 to $80.00 and gave the stock a &#34;neutral&#34; rating in a research report on Thursday, August 28th. Citigroup lifted their price target on shares of Pure Storage from $81.00 to $110.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, October 21st. Finally, Guggenheim boosted their price target on shares of Pure Storage from $93.00 to $105.00 and gave the company a &#34;buy&#34; rating in a research note on Friday, September 26th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned  a Hold rating and one  has assigned  a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $92.61.</p><ul><li>Picks &amp; Shovels: Investing in the Physical Foundation of AI</li></ul><p><b>View Our Latest Stock Report on Pure Storage</b></p><h2>Insider Buying and Selling at Pure Storage</h2><p>In other Pure Storage news, Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $76.93, for a total transaction of $230,790.00. Following the transaction, the director owned 16,343 shares of the company's stock, valued at $1,257,266.99. This trade represents a 15.51% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, insider John Colgrove sold 100,000 shares of the business's stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $91.59, for a total value of $9,159,000.00. Following the completion of the transaction, the insider owned 100,000 shares in the company, valued at $9,159,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 347,811 shares of company stock valued at $31,067,815 in the last quarter. 5.60% of the stock is owned by company insiders. </p><h2>Pure Storage Company Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Pure Storage</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>Worried About Inflation? These 3 ETFs Offer Real Protection</li><li>Trading Halts Explained</li><li>Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday Rally</li><li>How to Calculate Options Profits</li><li>Klarna's Crypto Play: A Plan to Fix Its Profit Problem</li></ul><p><strong>Want to see what other hedge funds are holding PSTG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pure Storage, Inc. (NYSE:PSTG - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBTVEc?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBTVEc"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Pure Storage Right Now?</h2><p>Before you consider Pure Storage, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pure Storage wasn't on the list.</p><p>While Pure Storage currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PSTG

<p>Prudential Financial Inc. increased its holdings in Pure Storage, Inc. by 7.9% during Q2, acquiring an additional 6,323 shares, totaling 86,576 shares valued at $4,985,000. Other investors also modified their holdings, with institutional investors and hedge funds owning 83.42% of Pure Storage's stock. The stock opened at $89.10 with a market cap of $29.28 billion. Analysts have given the stock a consensus rating of "Moderate Buy" with an average price target of $92.61.</p>

Prudential Financial Inc. Acquires 6,323 Shares of Pure Storage, Inc. $PSTG