Pure Storage, Inc. $PSTG Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 12.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 307,221 shares of the technology company’s stock after acquiring an additional 35,182 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Pure Storage were worth $25,748,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in Pure Storage during the first quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Pure Storage by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock worth $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pure Storage by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock worth $50,377,000 after buying an additional 595,307 shares during the period. Empowered Funds LLC raised its position in shares of Pure Storage by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock worth $212,000 after buying an additional 194 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Pure Storage by 652.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,849 shares of the technology company’s stock valued at $394,000 after acquiring an additional 5,939 shares during the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pure Storage

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

Pure Storage Stock Down 2.8%

Shares of NYSE:PSTG opened at $64.14 on Monday. The company has a 50 day moving average of $70.35 and a two-hundred day moving average of $77.74. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $100.59. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 116.61, a price-to-earnings-growth ratio of 4.50 and a beta of 1.29.

Pure Storage (NYSE:PSTG) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pure Storage had a net margin of 5.14% and a return on equity of 14.36%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on PSTG shares. Wall Street Zen upgraded Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Northland Securities set a $77.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Pure Storage in a research report on Monday, February 23rd. Piper Sandler reiterated a “buy” rating on shares of Pure Storage in a research note on Thursday. Finally, Evercore reissued an “outperform” rating on shares of Pure Storage in a research note on Wednesday, December 3rd. Twelve 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.32.

Key Stories Impacting Pure Storage

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

• Positive Sentiment: Q4 results and guidance beat expectations — Pure Storage reported its first $1.06B quarter, non-GAAP EPS of $0.69 (beats) and raised FY27 revenue/profit outlook driven by hyperscaler demand. This underpins near-term growth expectations. Read More.
• Positive Sentiment: Rebrand and strategic M&A — The company rebranded as Everpure and signed a deal to acquire data‑intelligence firm 1touch, signaling a move from hardware-centric storage toward data management/AI capabilities that could expand TAM and gross-margin mix over time. Read More.
• Positive Sentiment: Bullish analyst/takeaway coverage — Several bullish pieces argue Everpure is capitalizing on hyperscaler AI demand, price increases and NAND procurement shifts that should protect margins and support FY27 growth (supporting a “buy” thesis). Read More.
• Neutral Sentiment: Investor presentations and management commentary — Transcripts from Susquehanna and Bernstein conferences and the Q4 earnings call provide detail on product positioning, hyperscaler traction and go‑to‑market; useful for modeling but not immediate catalysts. Read More. Read More.
• Negative Sentiment: Analyst/valuation concerns — Some commentary flags supply strains, pricing pressure in segments, and a high valuation (elevated P/E), which can make the stock sensitive to any execution slips. Zacks notes these risks despite the beat. Read More.
• Negative Sentiment: Mixed analyst ratings — Barclays raised its target to $81 (equal weight) while UBS raised its target to $63 but kept a sell rating; the split shows disagreement on whether rebrand/growth justify the current multiple, contributing to intraday selling. Read More. Read More.

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.