Zacks Research Forecasts Increased Earnings for Pure Storage

Pure Storage, Inc. (NYSE:PSTG) – Equities researchers at Zacks Research raised their Q4 2026 earnings per share estimates for Pure Storage in a research note issued on Tuesday, December 23rd. Zacks Research analyst Team now forecasts that the technology company will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.22. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. Zacks Research also issued estimates for Pure Storage’s Q2 2027 earnings at $0.13 EPS.

Other analysts have also recently issued research reports about the stock. Lake Street Capital increased their price target on shares of Pure Storage from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Morgan Stanley set a $83.00 price objective on Pure Storage in a research report on Wednesday, December 3rd. Wells Fargo & Company raised their target price on Pure Storage from $80.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Guggenheim increased their price target on Pure Storage from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Wedbush boosted their price objective on shares of Pure Storage from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.26.

Pure Storage Trading Down 0.4%

Pure Storage stock opened at $67.01 on Thursday. The company has a 50-day moving average price of $83.34 and a 200 day moving average price of $72.84. Pure Storage has a 12-month low of $34.51 and a 12-month high of $100.59. The stock has a market cap of $22.12 billion, a P/E ratio of 176.34, a PEG ratio of 7.52 and a beta of 1.27.

Pure Storage (NYSE:PSTG) last issued its earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $763.77 million during the quarter. Pure Storage had a return on equity of 10.60% and a net margin of 3.74%.

Institutional Trading of Pure Storage

A number of institutional investors have recently bought and sold shares of PSTG. Versant Capital Management Inc boosted its holdings in shares of Pure Storage by 8.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,598 shares of the technology company’s stock valued at $134,000 after buying an additional 122 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Pure Storage by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares during the last quarter. One Capital Management LLC increased its position in Pure Storage by 1.0% during the third quarter. One Capital Management LLC now owns 14,750 shares of the technology company’s stock worth $1,236,000 after buying an additional 141 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Pure Storage by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the technology company’s stock valued at $3,667,000 after buying an additional 152 shares during the last quarter. Finally, State of Wyoming grew its position in shares of Pure Storage by 10.3% during the third quarter. State of Wyoming now owns 1,673 shares of the technology company’s stock worth $140,000 after acquiring an additional 156 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Pure Storage news, CAO Mona Chu sold 9,091 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $84.91, for a total value of $771,916.81. Following the sale, the chief accounting officer owned 107,353 shares of the company’s stock, valued at $9,115,343.23. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total transaction of $481,930.92. Following the completion of the sale, the insider directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 316,269 shares of company stock valued at $26,792,848 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Pure Storage Company Profile

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.