MGO One Seven LLC Has $410,000 Stake in Pure Storage, Inc. $PSTG

MGO One Seven LLC raised its holdings in Pure Storage, Inc. (NYSE:PSTG) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,112 shares of the technology company’s stock after purchasing an additional 250 shares during the quarter. MGO One Seven LLC’s holdings in Pure Storage were worth $410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mechanics Financial Corp acquired a new stake in shares of Pure Storage in the second quarter valued at $25,000. REAP Financial Group LLC grew its holdings in Pure Storage by 49.0% during the 2nd quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock worth $35,000 after acquiring an additional 201 shares during the last quarter. Ramirez Asset Management Inc. increased its position in Pure Storage by 40.0% in the 2nd 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. American National Bank & Trust acquired a new stake in Pure Storage in the 2nd quarter valued at about $45,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Pure Storage in the first quarter worth about $38,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity

In other news, insider Ajay Singh sold 7,014 shares of the business’s stock in a transaction 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 completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total transaction of $528,978.42. Following the completion of the sale, the executive owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This represents a 8.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 743,111 shares of company stock valued at $51,703,009. 5.60% of the stock is owned by company insiders.

Pure Storage Trading Down 0.1%

Pure Storage stock opened at $91.86 on Friday. The firm has a market capitalization of $30.19 billion, a P/E ratio of 224.05, a PEG ratio of 8.53 and a beta of 1.22. The business has a 50-day moving average of $78.32 and a 200-day moving average of $61.08. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $95.14.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $861.00 million for the quarter, compared to the consensus estimate of $845.78 million. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. Pure Storage’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts anticipate that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PSTG. Citigroup raised their price target on shares of Pure Storage from $70.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Guggenheim lifted their target price on Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, September 26th. UBS Group upped their price target on Pure Storage from $50.00 to $55.00 and gave the company a “sell” rating in a research note on Thursday, August 28th. Piper Sandler set a $92.00 price objective on Pure Storage and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Finally, Morgan Stanley upped their target price on shares of Pure Storage from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pure Storage has a consensus rating of “Moderate Buy” and a consensus target price of $83.06.

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.