Pure Storage, Inc. $PSTG Shares Purchased by Ethic Inc.

Ethic Inc. lifted its stake in Pure Storage, Inc. (NYSE:PSTG) by 36.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,330 shares of the technology company’s stock after acquiring an additional 6,218 shares during the period. Ethic Inc.’s holdings in Pure Storage were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of Pure Storage by 22.6% in the 1st quarter. LPL Financial LLC now owns 118,368 shares of the technology company’s stock worth $5,240,000 after acquiring an additional 21,812 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Pure Storage by 13.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 275,796 shares of the technology company’s stock worth $12,209,000 after acquiring an additional 32,611 shares during the period. Crumly & Associates Inc. acquired a new stake in shares of Pure Storage in the 2nd quarter worth approximately $242,000. Michael S. Ryan Inc. acquired a new stake in shares of Pure Storage in the 2nd quarter worth approximately $254,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Pure Storage by 7.7% in the 1st quarter. D.A. Davidson & CO. now owns 7,000 shares of the technology company’s stock worth $310,000 after acquiring an additional 500 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PSTG has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Pure Storage from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Needham & Company LLC increased their target price on shares of Pure Storage from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Northland Securities increased their target price on shares of Pure Storage from $63.00 to $71.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Guggenheim increased their target price 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. Finally, Lake Street Capital increased their target price 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. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.56.

Pure Storage Price Performance

PSTG stock opened at $93.81 on Monday. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $96.08. The company’s 50 day simple moving average is $81.62 and its 200-day simple moving average is $63.04. The firm has a market capitalization of $30.83 billion, a P/E ratio of 228.80, a P/E/G ratio of 8.65 and a beta of 1.22.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results 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 net margin of 4.15% and a return on equity of 11.34%. The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $845.78 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue 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. Sell-side 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, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total value of $528,978.42. Following the transaction, the executive owned 62,759 shares in the company, valued at approximately $5,486,391.78. This represents a 8.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mona Chu sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $76.51, for a total transaction of $1,338,925.00. Following the completion of the transaction, the chief accounting officer owned 138,899 shares in the company, valued at approximately $10,627,162.49. This represents a 11.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 743,111 shares of company stock worth $51,703,009 in the last 90 days. 5.60% of the stock is owned by corporate 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.