Pure Storage, Inc. $PSTG Position Boosted by Outfitter Financial LLC

Outfitter Financial LLC lifted its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,685 shares of the technology company’s stock after purchasing an additional 575 shares during the period. Outfitter Financial LLC’s holdings in Pure Storage were worth $788,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its holdings in Pure Storage by 25.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock worth $401,793,000 after acquiring an additional 1,868,782 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Pure Storage by 112.9% in the second quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock worth $283,687,000 after acquiring an additional 2,612,300 shares during the last quarter. Blair William & Co. IL lifted its holdings in Pure Storage by 2.8% in the first quarter. Blair William & Co. IL now owns 3,541,445 shares of the technology company’s stock worth $156,780,000 after acquiring an additional 96,731 shares during the last quarter. Northern Trust Corp lifted its holdings in Pure Storage by 0.8% in the first quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock worth $128,896,000 after acquiring an additional 23,531 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Pure Storage by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,537,264 shares of the technology company’s stock worth $112,325,000 after acquiring an additional 47,584 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $92.49, for a total transaction of $9,249,000.00. Following the transaction, the insider owned 200,000 shares in the company, valued at $18,498,000. This trade represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mona Chu sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $76.51, for a total transaction of $1,338,925.00. Following the transaction, the chief accounting officer owned 138,899 shares in the company, valued at $10,627,162.49. This represents a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 343,111 shares of company stock valued at $27,634,439. 5.60% of the stock is currently owned by company insiders.

Pure Storage Trading Up 1.9%

Shares of NYSE:PSTG opened at $96.94 on Thursday. The firm’s 50 day moving average is $87.83 and its two-hundred day moving average is $66.11. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59. The firm has a market capitalization of $31.86 billion, a P/E ratio of 236.44, a PEG ratio of 8.99 and a beta of 1.24.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $845.78 million. During the same quarter last year, the business earned $0.44 earnings per share. The business’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. Analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Cowen reissued a “buy” rating on shares of Pure Storage in a report on Thursday, August 28th. Lake Street Capital raised their target price on shares of Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Wall Street Zen raised shares of Pure Storage from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Citigroup raised their price target on shares of Pure Storage from $81.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, Needham & Company LLC raised their price target on shares of Pure Storage from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pure Storage presently has an average rating of “Moderate Buy” and an average price target of $88.56.

Pure Storage Company 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.