Pure Storage, Inc. $PSTG Stock Holdings Increased by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in Pure Storage, Inc. (NYSE:PSTG) by 835.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,386 shares of the technology company’s stock after buying an additional 193,260 shares during the quarter. Nordea Investment Management AB owned approximately 0.07% of Pure Storage worth $12,498,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PSTG. GAMMA Investing LLC grew its holdings in shares of Pure Storage by 59.4% during the first quarter. GAMMA Investing LLC now owns 5,118 shares of the technology company’s stock valued at $227,000 after purchasing an additional 1,908 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Pure Storage by 11.5% during the first quarter. QRG Capital Management Inc. now owns 15,118 shares of the technology company’s stock valued at $669,000 after purchasing an additional 1,562 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Pure Storage by 2.3% during the first quarter. State of Alaska Department of Revenue now owns 36,295 shares of the technology company’s stock valued at $1,606,000 after purchasing an additional 800 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Pure Storage by 8.4% during the first quarter. Oppenheimer & Co. Inc. now owns 7,327 shares of the technology company’s stock valued at $324,000 after purchasing an additional 570 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Pure Storage by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 121,895 shares of the technology company’s stock valued at $5,396,000 after purchasing an additional 4,687 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Pure Storage Price Performance

PSTG opened at $91.86 on Monday. The company has a market capitalization of $30.19 billion, a price-to-earnings ratio of 224.05, a price-to-earnings-growth ratio of 8.47 and a beta of 1.22. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $95.14. The business has a 50 day moving average price of $78.32 and a two-hundred day moving average price of $61.22.

Pure Storage (NYSE:PSTG) last released its earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm 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 for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Pure Storage news, insider John Colgrove sold 198,749 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $60.32, for a total value of $11,988,539.68. Following the transaction, the insider owned 500,000 shares of the company’s stock, valued at approximately $30,160,000. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajay Singh sold 7,014 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total value of $602,151.90. Following the completion of the transaction, the insider directly owned 229,307 shares in the company, valued at $19,686,005.95. This represents a 2.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,111 shares of company stock worth $51,703,009 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PSTG. Wall Street Zen raised Pure Storage from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Evercore ISI boosted their price objective on Pure Storage from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Needham & Company LLC boosted their price objective on Pure Storage from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Cowen reiterated a “buy” rating on shares of Pure Storage in a research report on Thursday, August 28th. Finally, Wells Fargo & Company boosted their price objective on Pure Storage from $80.00 to $100.00 and gave the stock an “overweight” rating in a research report 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 company. According to data from MarketBeat, Pure Storage currently has a consensus rating of “Moderate Buy” and an average price target of $83.06.

Pure Storage 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.