Pure Financial Advisors LLC Buys 2,095 Shares of Pure Storage, Inc. $PSTG

Pure Financial Advisors LLC boosted its stake in Pure Storage, Inc. (NYSE:PSTG) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,460 shares of the technology company’s stock after purchasing an additional 2,095 shares during the period. Pure Financial Advisors LLC’s holdings in Pure Storage were worth $1,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PFG Investments LLC bought a new position in Pure Storage in the 2nd quarter valued at approximately $243,000. Union Bancaire Privee UBP SA lifted its stake in Pure Storage by 15.3% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 30,771 shares of the technology company’s stock valued at $1,711,000 after purchasing an additional 4,093 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its stake in Pure Storage by 23.2% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 51,526 shares of the technology company’s stock valued at $2,782,000 after purchasing an additional 9,709 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in Pure Storage by 2.6% in the 2nd quarter. GraniteShares Advisors LLC now owns 8,001 shares of the technology company’s stock valued at $461,000 after purchasing an additional 206 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Pure Storage by 38.0% during the second quarter. Avior Wealth Management LLC now owns 6,898 shares of the technology company’s stock valued at $397,000 after acquiring an additional 1,899 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

PSTG has been the subject of several analyst reports. Guggenheim raised their price target on shares of Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Lake Street Capital raised their price target on shares of Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Raymond James Financial raised their price target on shares of Pure Storage from $76.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Bank of America raised their price target on shares of Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, Piper Sandler set a $92.00 price objective on shares of Pure Storage and gave the stock an “overweight” rating in a research report on Thursday, September 25th. 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 stock. According to data from MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and a consensus target price of $81.06.

Insiders Place Their Bets

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $87.33, for a total value of $8,733,000.00. Following the completion of the sale, the insider directly owned 300,000 shares in the company, valued at approximately $26,199,000. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ajay Singh sold 7,014 shares of the firm’s 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 owned 229,307 shares of the company’s stock, valued at $19,686,005.95. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 650,070 shares of company stock valued at $42,844,896. 5.60% of the stock is currently owned by corporate insiders.

Pure Storage Stock Up 3.1%

PSTG opened at $88.31 on Friday. The stock has a market cap of $29.02 billion, a PE ratio of 215.41, a price-to-earnings-growth ratio of 7.96 and a beta of 1.22. The company has a fifty day moving average of $70.98 and a 200-day moving average of $57.81. Pure Storage, Inc. has a twelve month low of $34.51 and a twelve month high of $89.10.

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

About Pure Storage

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.