Pure Storage, Inc. $PSTG Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,828 shares of the technology company’s stock after selling 1,524 shares during the period. 180 Wealth Advisors LLC’s holdings in Pure Storage were worth $3,560,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PSTG. GAMMA Investing LLC boosted its holdings in shares of Pure Storage by 59.4% in the 1st quarter. GAMMA Investing LLC now owns 5,118 shares of the technology company’s stock valued at $227,000 after buying an additional 1,908 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Pure Storage by 8.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,327 shares of the technology company’s stock valued at $324,000 after buying an additional 570 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Pure Storage by 4.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 121,895 shares of the technology company’s stock valued at $5,396,000 after buying an additional 4,687 shares during the period. Graphene Investments SAS boosted its holdings in shares of Pure Storage by 11.4% in the 1st quarter. Graphene Investments SAS now owns 49,700 shares of the technology company’s stock valued at $2,200,000 after buying an additional 5,100 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Pure Storage in the 1st quarter valued at about $24,462,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PSTG has been the subject of several research reports. Guggenheim lifted their price target on shares of Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a report on Friday, September 26th. Piper Sandler set a $92.00 price objective on shares of Pure Storage and gave the company an “overweight” rating in a research report on Thursday, September 25th. Raymond James Financial lifted their price objective on shares of Pure Storage from $88.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of Pure Storage in a research report on Thursday, August 28th. Finally, Wedbush lifted their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.56.

Pure Storage Trading Up 5.3%

PSTG stock opened at $93.61 on Friday. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $95.14. The company has a market capitalization of $30.76 billion, a price-to-earnings ratio of 228.32, a price-to-earnings-growth ratio of 8.19 and a beta of 1.22. The firm’s 50-day moving average is $80.91 and its two-hundred day moving average is $62.36.

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

Insider Buying and Selling at Pure Storage

In other news, insider Ajay Singh sold 7,014 shares of Pure Storage stock in a transaction that occurred 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 transaction, the insider owned 229,307 shares of the company’s stock, valued at $19,686,005.95. The trade was a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mona Chu sold 17,500 shares of Pure Storage 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 completion of the transaction, the chief accounting officer directly owned 138,899 shares in the company, valued at $10,627,162.49. This represents a 11.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 743,111 shares of company stock worth $51,703,009. 5.60% of the stock is currently owned by company insiders.

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.