Fintel reports that Champlain Investment Partners has filed a 13G/A form with the SEC disclosing ownership of 13.84MM shares of Pure Storage Inc (PSTG). This represents 4.57% of the company.
In their previous filing dated February 11, 2022 they reported 17.32MM shares and 5.97% of the company, a decrease in shares of 20.09% and a decrease in total ownership of 1.40% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 29.39% Upside
As of February 13, 2023, the average one-year price target for Pure Storage is $39.53. The forecasts range from a low of $32.62 to a high of $49.35. The average price target represents an increase of 29.39% from its latest reported closing price of $30.55.
The projected annual revenue for Pure Storage is $2,809MM, an increase of 5.93%. The projected annual EPS is $1.30, an increase of 2,743.89%.
What is the Fund Sentiment?
There are 818 funds or institutions reporting positions in Pure Storage. This is an increase of 22 owner(s) or 2.76% in the last quarter. Average portfolio weight of all funds dedicated to PSTG is 0.30%, an increase of 11.25%. Total shares owned by institutions increased in the last three months by 3.39% to 285,543K shares. The put/call ratio of PSTG is 1.16, indicating a bearish outlook.
What are large shareholders doing?
Price T Rowe Associates holds 12,562K shares representing 4.15% ownership of the company. In it's prior filing, the firm reported owning 17,100K shares, representing a decrease of 36.12%. The firm decreased its portfolio allocation in PSTG by 54.80% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 11,619K shares representing 3.84% ownership of the company. In it's prior filing, the firm reported owning 11,474K shares, representing an increase of 1.26%. The firm increased its portfolio allocation in PSTG by 4.19% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,458K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 8,362K shares, representing an increase of 1.13%. The firm increased its portfolio allocation in PSTG by 12.23% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 7,140K shares representing 2.36% ownership of the company. In it's prior filing, the firm reported owning 7,153K shares, representing a decrease of 0.17%. The firm increased its portfolio allocation in PSTG by 10.82% over the last quarter.
PRSCX - T. Rowe Price Science & Technology Fund holds 6,571K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 10,234K shares, representing a decrease of 55.75%. The firm decreased its portfolio allocation in PSTG by 24.21% over the last quarter.
Pure Storage Background Information
(This description is provided by the company.)
Pure Storage gives technologists their time back. Pure delivers a modern data experience that empowers organizations to run their operations as a true, automated, storage as-a-service model seamlessly across multiple clouds. One of the fastest-growing enterprise IT companies in history, Pure helps customers put data to use while reducing the complexity and expense of managing the infrastructure behind it. And with a certified customer satisfaction score in the top one percent of B2B companies, Pure's ever-expanding list of customers are among the happiest in the world.
This story originally appeared on Fintel.
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