Pure Storage, Inc. $PSTG Shares Bought by GraniteShares Advisors LLC

GraniteShares Advisors LLC grew its position in Pure Storage, Inc. (NYSE:PSTG) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,001 shares of the technology company’s stock after purchasing an additional 206 shares during the quarter. GraniteShares Advisors LLC’s holdings in Pure Storage were worth $461,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Pure Storage by 285.2% in the fourth quarter. Wellington Management Group LLP now owns 150,809 shares of the technology company’s stock valued at $9,264,000 after buying an additional 111,655 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Pure Storage by 55.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the technology company’s stock valued at $29,000 after acquiring an additional 233 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Pure Storage by 467.7% during the 1st quarter. Versant Capital Management Inc now owns 1,107 shares of the technology company’s stock worth $49,000 after acquiring an additional 912 shares in the last quarter. GAMMA Investing LLC lifted its stake in Pure Storage by 6,958.4% during the first quarter. GAMMA Investing LLC now owns 226,574 shares of the technology company’s stock worth $10,030,000 after purchasing an additional 223,364 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Pure Storage during the first quarter worth approximately $51,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PSTG has been the topic of several recent analyst reports. Cowen reiterated a “buy” rating on shares of Pure Storage in a research note on Thursday, August 28th. Evercore ISI increased their target price on shares of Pure Storage from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday. Northland Securities boosted their price target on shares of Pure Storage from $63.00 to $71.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Piper Sandler set a $92.00 price objective on Pure Storage and gave the stock an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on Pure Storage from $80.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.06.

Insider Buying and Selling at Pure Storage

In related news, insider Ajay Singh sold 7,014 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total transaction of $602,151.90. Following the completion of the sale, the insider directly owned 229,307 shares of the company’s stock, valued at $19,686,005.95. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne Taylor sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 16,343 shares in the company, valued at $1,257,266.99. This represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 663,580 shares of company stock valued at $43,326,205. Corporate insiders own 5.60% of the company’s stock.

Pure Storage Stock Performance

Shares of NYSE:PSTG opened at $82.46 on Monday. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $89.10. The stock has a market capitalization of $27.10 billion, a price-to-earnings ratio of 201.13, a PEG ratio of 7.65 and a beta of 1.20. The company has a 50-day simple moving average of $68.71 and a 200-day simple moving average of $56.94.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The firm had revenue of $861.00 million for the quarter, compared to analysts’ expectations of $845.78 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts forecast that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Pure Storage 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.