Pure Storage, Inc. $PSTG Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its stake in Pure Storage, Inc. (NYSE:PSTG) by 22.3% in the third quarter, HoldingsChannel reports. The firm owned 538,145 shares of the technology company’s stock after selling 154,870 shares during the period. TD Asset Management Inc’s holdings in Pure Storage were worth $45,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSTG. Integrated Wealth Concepts LLC purchased a new stake in shares of Pure Storage in the 1st quarter valued at approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Pure Storage by 129.1% in the first 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 period. Goldman Sachs Group Inc. grew its holdings in shares of Pure Storage by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock valued at $50,377,000 after buying an additional 595,307 shares in the last quarter. Empowered Funds LLC raised its position in Pure Storage by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock valued at $212,000 after buying an additional 194 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Pure Storage in the 2nd quarter worth about $316,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore reiterated an “outperform” rating on shares of Pure Storage in a report on Wednesday, December 3rd. Northland Securities set a $77.00 price objective on Pure Storage in a report on Wednesday, December 3rd. Citigroup reduced their price objective on Pure Storage from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Piper Sandler reaffirmed a “buy” rating on shares of Pure Storage in a research report on Thursday. Finally, Wall Street Zen raised Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and a consensus price target of $94.32.

Insiders Place Their Bets

In other news, insider Ajay Singh sold 7,178 shares of the stock in a transaction 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 completion of the transaction, the insider owned 215,091 shares in the company, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $71.31, for a total transaction of $7,131,000.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.60% of the company’s stock.

Key Headlines 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.

Pure Storage Stock Performance

Pure Storage stock opened at $64.14 on Friday. The firm has a market capitalization of $21.18 billion, a PE ratio of 116.61, a PEG ratio of 5.78 and a beta of 1.27. The business’s 50-day simple moving average is $70.35 and its 200-day simple moving average is $77.49. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59.

Pure Storage (NYSE:PSTG) last announced its earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Pure Storage had a net margin of 5.14% and a return on equity of 14.69%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Pure Storage’s revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Pure Storage Company Profile

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.