111 Capital Takes $255,000 Position in Pure Storage, Inc. $PSTG

111 Capital purchased a new position in shares of Pure Storage, Inc. (NYSE:PSTG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,424 shares of the technology company’s stock, valued at approximately $255,000.

Several other large investors also recently bought and sold shares of the business. Mechanics Financial Corp acquired a new position in shares of Pure Storage during the 2nd quarter worth approximately $25,000. FNY Investment Advisers LLC lifted its position in Pure Storage by 5,233.3% during the first quarter. FNY Investment Advisers LLC now owns 800 shares of the technology company’s stock worth $35,000 after buying an additional 785 shares in the last quarter. TruNorth Capital Management LLC purchased a new position in Pure Storage during the first quarter worth approximately $38,000. Nisa Investment Advisors LLC boosted its stake in Pure Storage by 35.6% during the first quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company’s stock worth $40,000 after buying an additional 239 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Pure Storage in the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PSTG shares. Piper Sandler set a $92.00 price target on Pure Storage and gave the stock an “overweight” rating in a report on Thursday, September 25th. 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 note on Thursday, August 28th. Guggenheim boosted their target price 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. JPMorgan Chase & Co. raised their price target on shares of Pure Storage from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Finally, Wall Street Zen upgraded Pure Storage from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and an average target price of $81.06.

Insider Transactions at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $87.33, for a total transaction of $8,733,000.00. Following the transaction, the insider owned 300,000 shares of the company’s stock, valued at approximately $26,199,000. This represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajay Singh sold 7,014 shares of Pure Storage stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total value of $602,151.90. Following the completion of the transaction, the insider directly owned 229,307 shares of the company’s stock, valued at approximately $19,686,005.95. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 650,070 shares of company stock worth $42,844,896. 5.60% of the stock is owned by corporate insiders.

Pure Storage Stock Performance

Shares of PSTG stock opened at $90.29 on Tuesday. The firm has a market cap of $29.67 billion, a P/E ratio of 220.22, a P/E/G ratio of 8.07 and a beta of 1.22. The firm’s 50 day moving average price is $72.18 and its 200-day moving average price is $58.43. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $91.39.

Pure Storage (NYSE:PSTG) last posted its earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share for the quarter, beating the consensus estimate 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 last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter 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, research analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

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.