Total Clarity Wealth Management Inc. Purchases Shares of 11,581 Pure Storage, Inc. $PSTG

Total Clarity Wealth Management Inc. purchased a new stake in Pure Storage, Inc. (NYSE:PSTG) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,581 shares of the technology company’s stock, valued at approximately $667,000.

Other hedge funds also recently bought and sold shares of the company. Mechanics Financial Corp purchased a new stake in Pure Storage during the second quarter valued at about $25,000. REAP Financial Group LLC lifted its stake in 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 buying an additional 201 shares in the last quarter. Ramirez Asset Management Inc. lifted its stake in 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 buying an additional 200 shares in the last quarter. American National Bank & Trust purchased a new stake in Pure Storage during the second quarter valued at about $45,000. Finally, FNY Investment Advisers LLC lifted its stake 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 valued at $35,000 after buying an additional 785 shares in the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Pure Storage Stock Performance

Shares of NYSE PSTG opened at $89.43 on Monday. The stock has a market cap of $29.39 billion, a PE ratio of 218.12, a PEG ratio of 8.30 and a beta of 1.22. The business has a fifty day moving average of $74.81 and a two-hundred day moving average of $59.55. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $94.72.

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. The company had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $845.78 million. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Insider Buying and Selling

In related news, insider John Colgrove sold 198,749 shares of Pure Storage stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $60.32, for a total value of $11,988,539.68. Following the completion of the transaction, the insider directly owned 500,000 shares of the company’s stock, valued at $30,160,000. The trade was a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 $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. Insiders sold a total of 643,111 shares of company stock valued at $42,454,009 in the last ninety days. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler set a $92.00 price target on shares of Pure Storage and gave the stock an “overweight” rating in a research report on Thursday, September 25th. UBS Group increased their price objective on Pure Storage from $50.00 to $55.00 and gave the stock a “sell” rating in a report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Pure Storage in a report on Wednesday, October 8th. Wedbush increased their price objective on Pure Storage from $70.00 to $80.00 and gave the stock an “outperform” 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Pure Storage has an average rating of “Moderate Buy” and an average price target of $81.06.

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.