American National Bank & Trust Buys New Position in Pure Storage, Inc. $PSTG

American National Bank & Trust bought a new stake in shares of Pure Storage, Inc. (NYSE:PSTG) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 782 shares of the technology company’s stock, valued at approximately $45,000.

Several other hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its holdings in shares of Pure Storage by 25.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock valued at $401,793,000 after buying an additional 1,868,782 shares during the period. Blair William & Co. IL grew its stake in Pure Storage by 2.8% during the 1st quarter. Blair William & Co. IL now owns 3,541,445 shares of the technology company’s stock valued at $156,780,000 after purchasing an additional 96,731 shares in the last quarter. Northern Trust Corp grew its stake in Pure Storage by 0.8% during the 1st quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock valued at $128,896,000 after purchasing an additional 23,531 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Pure Storage by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,537,264 shares of the technology company’s stock valued at $112,325,000 after purchasing an additional 47,584 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Pure Storage by 3.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,010,210 shares of the technology company’s stock valued at $88,992,000 after purchasing an additional 58,054 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Pure Storage

In other Pure Storage news, insider John Colgrove sold 198,749 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $60.32, for a total transaction of $11,988,539.68. Following the completion of the transaction, the insider owned 500,000 shares in the company, valued at approximately $30,160,000. The trade was a 28.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ajay Singh sold 22,601 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $55.45, for a total value of $1,253,225.45. Following the transaction, the insider owned 261,465 shares of the company’s stock, valued at $14,498,234.25. This trade represents a 7.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 663,580 shares of company stock worth $43,326,205 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Pure Storage Trading Down 1.2%

Shares of NYSE PSTG opened at $82.46 on Friday. The company has a market cap of $27.10 billion, a price-to-earnings ratio of 201.13, a price-to-earnings-growth ratio of 7.65 and a beta of 1.20. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $89.10. The stock’s 50 day simple moving average is $68.71 and its 200 day simple moving average is $56.89.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate 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. As a group, equities analysts forecast that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group raised their price objective on Pure Storage from $50.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, August 28th. Wells Fargo & Company raised their price objective on Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America raised their price objective on Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Needham & Company LLC raised their price objective on Pure Storage from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday. Finally, Lake Street Capital raised their price objective on 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, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pure Storage has an average rating of “Moderate Buy” and an average price target of $81.06.

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.