Linden Thomas Advisory Services LLC Grows Holdings in Pure Storage, Inc. $PSTG

Linden Thomas Advisory Services LLC grew its stake in Pure Storage, Inc. (NYSE:PSTG) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,459 shares of the technology company’s stock after buying an additional 626 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Pure Storage were worth $1,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. City State Bank grew its stake in Pure Storage by 80.8% in the 2nd quarter. City State Bank now owns 1,175 shares of the technology company’s stock worth $68,000 after buying an additional 525 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Pure Storage in the 2nd quarter worth approximately $316,000. AlphaQuest LLC grew its stake in Pure Storage by 1,513.7% in the 2nd quarter. AlphaQuest LLC now owns 21,349 shares of the technology company’s stock worth $1,229,000 after buying an additional 20,026 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Pure Storage by 4.2% in the 2nd quarter. Asset Management One Co. Ltd. now owns 127,045 shares of the technology company’s stock worth $7,315,000 after buying an additional 5,150 shares in the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Pure Storage in the 2nd quarter valued at $463,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Mona Chu sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $76.51, for a total transaction of $1,338,925.00. Following the transaction, the chief accounting officer directly owned 138,899 shares of the company’s stock, valued at approximately $10,627,162.49. The trade was a 11.19% 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, CRO Dan Fitzsimons sold 6,051 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $87.42, for a total transaction of $528,978.42. Following the completion of the sale, the executive directly owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This represents a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 743,111 shares of company stock valued at $51,703,009 over the last three months. 5.60% of the stock is currently owned by corporate insiders.

Pure Storage Trading Up 0.2%

Pure Storage stock opened at $93.81 on Friday. The firm has a 50-day moving average of $81.62 and a 200-day moving average of $62.91. The firm has a market cap 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, Inc. has a 1-year low of $34.51 and a 1-year high of $96.08.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of Pure Storage from $81.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pure Storage in a research note on Saturday. Wall Street Zen raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Northland Securities upped their price objective 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. Finally, Needham & Company LLC upped their price objective 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. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pure Storage currently has an average rating of “Moderate Buy” and a consensus price target of $88.56.

Pure Storage Company 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.