Teacher Retirement System of Texas Boosts Stock Position in Pure Storage, Inc. $PSTG

Teacher Retirement System of Texas boosted its holdings in Pure Storage, Inc. (NYSE:PSTG) by 3.8% during the 2nd quarter, Holdings Channel reports. The firm owned 47,048 shares of the technology company’s stock after acquiring an additional 1,725 shares during the period. Teacher Retirement System of Texas’ holdings in Pure Storage were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mechanics Financial Corp purchased a new position in Pure Storage in the second quarter worth $25,000. REAP Financial Group LLC boosted its position in Pure Storage by 49.0% in the second quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock worth $35,000 after purchasing an additional 201 shares during the last quarter. Ramirez Asset Management Inc. boosted its position in Pure Storage by 40.0% in the second quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 200 shares during the last quarter. American National Bank & Trust purchased a new position in Pure Storage in the second quarter worth $45,000. Finally, TruNorth Capital Management LLC purchased a new position in Pure Storage in the first quarter worth $38,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PSTG shares. Piper Sandler set a $92.00 target price on Pure Storage and gave the company an “overweight” rating in a research note on Thursday, September 25th. Guggenheim upped their price target on Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Northland Securities upped their price target on Pure Storage from $63.00 to $71.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. 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 report on Friday, August 29th. Finally, Wells Fargo & Company upped their price target on Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Pure Storage has a consensus rating of “Moderate Buy” and a consensus target price of $88.56.

Pure Storage Stock Performance

NYSE:PSTG opened at $98.77 on Monday. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $99.02. The firm has a market cap of $32.46 billion, a price-to-earnings ratio of 240.90, a PEG ratio of 8.99 and a beta of 1.22. The business’s fifty day moving average is $85.59 and its 200 day moving average is $65.12.

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

Insider Activity at Pure Storage

In other Pure Storage news, CAO Mona Chu sold 9,091 shares of the company’s 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 transaction, the chief accounting officer directly owned 107,353 shares in the company, valued at $9,115,343.23. This represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $87.42, for a total value of $528,978.42. Following the completion of the transaction, the executive owned 62,759 shares in the company, valued at $5,486,391.78. This represents a 8.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 343,111 shares of company stock worth $27,634,439 in the last 90 days. 5.60% of the stock is owned by company insiders.

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.