Whittier Trust Co. of Nevada Inc. Grows Stock Holdings in Pure Storage, Inc. $PSTG

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 74,518 shares of the technology company’s stock after purchasing an additional 2,445 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Pure Storage were worth $4,291,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mechanics Financial Corp bought a new stake in shares of Pure Storage during the second quarter valued at approximately $25,000. REAP Financial Group LLC increased its position in shares of Pure Storage by 49.0% during the second quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock valued at $35,000 after acquiring an additional 201 shares in the last quarter. TruNorth Capital Management LLC bought a new stake in shares of Pure Storage during the first quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its position in shares of Pure Storage by 35.6% during the first quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company’s stock valued at $40,000 after acquiring an additional 239 shares in the last quarter. Finally, Ramirez Asset Management Inc. increased its position in shares of Pure Storage by 40.0% during the second quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company’s stock valued at $40,000 after acquiring an additional 200 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Pure Storage Price Performance

Shares of PSTG stock opened at $90.75 on Wednesday. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $95.14. The firm has a fifty day moving average price of $79.62 and a 200-day moving average price of $61.80. The company has a market cap of $29.82 billion, a price-to-earnings ratio of 221.34, a PEG ratio of 8.39 and a beta of 1.22.

Pure Storage (NYSE:PSTG) last issued 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 net margin of 4.15% and a return on equity of 11.34%. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $845.78 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The company’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 research analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current year.

Insider Activity

In related news, Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $76.93, for a total transaction of $230,790.00. Following the transaction, the director owned 16,343 shares in the company, valued at approximately $1,257,266.99. The trade was a 15.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $92.49, for a total transaction of $9,249,000.00. Following the transaction, the insider owned 200,000 shares in the company, valued at approximately $18,498,000. This trade represents a 33.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 743,111 shares of company stock worth $51,703,009. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Pure Storage from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Raymond James Financial lifted their target price on shares of Pure Storage from $88.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Pure Storage from $80.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Morgan Stanley lifted their target price on shares of Pure Storage from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Finally, Lake Street Capital lifted their target price on shares of Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.56.

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.