O Neil Global Advisors Inc. Takes $817,000 Position in Pure Storage, Inc. $PSTG

O Neil Global Advisors Inc. acquired a new position in Pure Storage, Inc. (NYSE:PSTG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,746 shares of the technology company’s stock, valued at approximately $817,000.

A number of other hedge funds also recently bought and sold shares of PSTG. Winnow Wealth LLC purchased a new position in Pure Storage in the third quarter worth about $26,000. Assetmark Inc. lifted its stake in shares of Pure Storage by 186.6% in the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares during the period. True Wealth Design LLC lifted its stake in shares of Pure Storage by 402.8% in the 2nd quarter. True Wealth Design LLC now owns 548 shares of the technology company’s stock worth $32,000 after purchasing an additional 439 shares during the period. SouthState Corp boosted its holdings in shares of Pure Storage by 474.8% in the second quarter. SouthState Corp now owns 592 shares of the technology company’s stock worth $34,000 after buying an additional 489 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Pure Storage by 40.1% during the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Trending Headlines about Pure Storage

Here are the key news stories impacting Pure Storage this week:

• Positive Sentiment: AI-driven flash demand is boosting margins and the company raised its FY26 revenue outlook to $3.63–$3.64B, driven by hyperscaler wins and a stronger flash portfolio — a clear fundamental tailwind for revenue and margin expansion. How Pure Storage’s Flash Portfolio is Becoming Its Margin Multiplier
• Positive Sentiment: Market reaction: multiple headlines note Pure Storage shares have gained as broader markets dipped, reflecting favorable investor response to recent product/margin news and sentiment ahead of earnings. Pure Storage (PSTG) Gains As Market Dips: What You Should Know
• Neutral Sentiment: Earnings preview: Wall Street expects EPS growth for the upcoming report, but one preview flags PSTG may not have the ideal setup for an earnings beat — expectations and execution will be scrutinized next week. Pure Storage (PSTG) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Analyst previews offer deeper KPI expectations (revenue mix, gross margins, AI-specific bookings) ahead of the quarter-end January results — these line-item metrics could swing sentiment independent of headline EPS. Gear Up for Pure Storage (PSTG) Q4 Earnings: Wall Street Estimates for Key Metrics
• Neutral Sentiment: Competitive positioning: comparative analyses with NetApp highlight diverging growth, guidance and valuations as both vie for AI-storage demand — market-share and product wins vs. peers will be watched. Pure Storage vs. NetApp: Which Data Storage Stock Is the Better Pick?
• Negative Sentiment: Analyst action: Citigroup cut its price target to $90, which may cap upside in the near term and signals some analyst caution on valuation vs. growth assumptions. Citigroup Lowers Pure Storage (NYSE:PSTG) Price Target to $90.00
• Negative Sentiment: Valuation concerns: commentary calling PSTG an “expensive certainty” underscores that while the business quality is acknowledged, high multiples could make the stock sensitive to any growth or guidance disappointment. Pure Storage: Quality Business, Expensive Certainty

Insider Buying and Selling at Pure Storage

In related news, insider Ajay Singh sold 7,178 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the sale, the insider directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $71.31, for a total value of $7,131,000.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.

Pure Storage Trading Up 0.5%

NYSE:PSTG opened at $73.93 on Monday. The stock has a 50-day moving average price of $70.39 and a 200 day moving average price of $77.41. The stock has a market capitalization of $24.41 billion, a P/E ratio of 194.54, a P/E/G ratio of 5.74 and a beta of 1.27. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings results on Tuesday, December 2nd. The technology company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Pure Storage had a return on equity of 10.60% and a net margin of 3.74%.The company had revenue of $964.45 million for the quarter, compared to analysts’ expectations of $955.60 million. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. On average, research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on PSTG shares. JPMorgan Chase & Co. decreased their price target on shares of Pure Storage from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Lake Street Capital upped their price objective on Pure Storage from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Barclays lifted their target price on Pure Storage from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Wall Street Zen upgraded Pure Storage from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Morgan Stanley set a $83.00 price objective on Pure Storage in a research note on Wednesday, December 3rd. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.47.

About Pure Storage

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.