Motley Fool Asset Management LLC Has $550,000 Position in Pure Storage, Inc. $PSTG

Motley Fool Asset Management LLC grew its holdings in Pure Storage, Inc. (NYSE:PSTG) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,547 shares of the technology company’s stock after purchasing an additional 868 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Pure Storage were worth $550,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Pure Storage by 57.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 26,053 shares of the technology company’s stock valued at $1,500,000 after acquiring an additional 9,535 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Pure Storage by 1.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 64,600 shares of the technology company’s stock valued at $3,720,000 after acquiring an additional 700 shares during the period. Peregrine Capital Management LLC lifted its stake in shares of Pure Storage by 16.6% during the second quarter. Peregrine Capital Management LLC now owns 191,874 shares of the technology company’s stock valued at $11,048,000 after acquiring an additional 27,279 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Pure Storage by 3.8% during the second quarter. Teacher Retirement System of Texas now owns 47,048 shares of the technology company’s stock valued at $2,709,000 after acquiring an additional 1,725 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Pure Storage by 652.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,849 shares of the technology company’s stock valued at $394,000 after acquiring an additional 5,939 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $92.49, for a total value of $9,249,000.00. Following the completion of the sale, the insider directly owned 200,000 shares in the company, valued at $18,498,000. This represents a 33.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ajay Singh sold 7,014 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total value 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. This trade represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 541,860 shares of company stock valued at $39,622,978. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PSTG has been the topic of several research reports. Bank of America upped their price target on Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Citigroup upped their price target on Pure Storage from $81.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Barclays upped their price target on Pure Storage from $57.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Wedbush upped their price target on Pure Storage from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, Raymond James Financial upped their price target on Pure Storage from $88.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Pure Storage presently has an average rating of “Moderate Buy” and an average target price of $88.56.

Pure Storage Trading Down 0.1%

NYSE PSTG opened at $95.38 on Wednesday. The stock has a 50-day simple moving average of $83.12 and a 200 day simple moving average of $63.77. The company has a market capitalization of $31.35 billion, a PE ratio of 232.65, a P/E/G ratio of 8.80 and a beta of 1.22. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $97.00.

Pure Storage (NYSE:PSTG) last released 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. The business had revenue of $861.00 million during the quarter, compared to the consensus estimate of $845.78 million. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts predict that Pure Storage, Inc. will post 0.44 earnings per share 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.