The National Pension Service expanded its holdings in Pure Storage, Inc. (NYSE: PSTG) during the third quarter, acquiring an additional 29,834 shares. Following this purchase, the pension fund now owns a total of 75,393 shares in the technology company.
As of the end of the quarter, the value of National Pension Service’s investment in Pure Storage stood at approximately $6.3 million.
**Why this matters**
An increase in shares by a major institutional investor like the National Pension Service can signal confidence in the company’s prospects. Such moves often attract attention from other investors and may influence market perception of the stock.
Source: NewsData