Pure Storage, Inc. $PSTG Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its stake in Pure Storage, Inc. (NYSE:PSTG) by 10.8% in the second quarter, HoldingsChannel reports. The fund owned 8,194 shares of the technology company’s stock after purchasing an additional 800 shares during the period. Concurrent Investment Advisors LLC’s holdings in Pure Storage were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. West Bancorporation Inc. acquired a new stake in shares of Pure Storage during the 2nd quarter worth approximately $248,000. Aberdeen Group plc boosted its holdings in Pure Storage by 5.6% during the second quarter. Aberdeen Group plc now owns 243,303 shares of the technology company’s stock worth $14,009,000 after buying an additional 12,833 shares in the last quarter. Greenwood Gearhart Inc. acquired a new stake in Pure Storage during the second quarter valued at $210,000. JB Capital LLC increased its holdings in Pure Storage by 6.2% in the second quarter. JB Capital LLC now owns 36,127 shares of the technology company’s stock valued at $2,080,000 after buying an additional 2,124 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Pure Storage by 25.2% in the second quarter. Blue Trust Inc. now owns 1,596 shares of the technology company’s stock valued at $92,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling at Pure Storage

In related news, insider Ajay Singh sold 7,014 shares of Pure Storage stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total transaction of $602,151.90. Following the transaction, the insider owned 229,307 shares in the company, valued at approximately $19,686,005.95. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Mona Chu sold 17,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $76.51, for a total value of $1,338,925.00. Following the transaction, the chief accounting officer directly owned 138,899 shares in the company, valued at $10,627,162.49. This trade represents a 11.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 743,111 shares of company stock valued at $51,703,009. Company insiders own 5.60% of the company’s stock.

Pure Storage Stock Performance

NYSE PSTG opened at $91.86 on Friday. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $95.14. The business has a fifty day moving average price of $78.32 and a 200 day moving average price of $61.08. The company has a market cap of $30.19 billion, a P/E ratio of 224.05, a P/E/G ratio of 8.53 and a beta of 1.22.

Pure Storage (NYSE:PSTG) last released its earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $861.00 million during the quarter, compared to analyst estimates of $845.78 million. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Guggenheim raised their target price on Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Citigroup increased their price target on Pure Storage from $70.00 to $81.00 and gave the stock a “buy” rating in a research report 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 report on Friday, September 26th. JPMorgan Chase & Co. upped their target price on Pure Storage from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Cowen reiterated a “buy” rating on shares of Pure Storage in a research report on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.06.

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.