REAP Financial Group LLC Has $35,000 Stock Holdings in Pure Storage, Inc. $PSTG

REAP Financial Group LLC increased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 49.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 611 shares of the technology company’s stock after buying an additional 201 shares during the period. REAP Financial Group LLC’s holdings in Pure Storage were worth $35,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its position in shares of Pure Storage by 25.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock worth $401,793,000 after purchasing an additional 1,868,782 shares during the period. Blair William & Co. IL increased its stake in Pure Storage by 2.8% during the 1st quarter. Blair William & Co. IL now owns 3,541,445 shares of the technology company’s stock valued at $156,780,000 after purchasing an additional 96,731 shares in the last quarter. Northern Trust Corp increased its stake in Pure Storage by 0.8% during the 1st quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock valued at $128,896,000 after purchasing an additional 23,531 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Pure Storage by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,537,264 shares of the technology company’s stock valued at $112,325,000 after purchasing an additional 47,584 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Pure Storage by 3.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,010,210 shares of the technology company’s stock worth $88,992,000 after acquiring an additional 58,054 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Pure Storage

In other news, CAO Mona Chu sold 17,500 shares of Pure Storage stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 138,899 shares of the company’s stock, valued at $10,627,162.49. The trade was a 11.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Dan Fitzsimons sold 6,051 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $87.42, for a total value of $528,978.42. Following the completion of the transaction, the executive directly owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This trade represents a 8.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 650,070 shares of company stock valued at $42,844,896. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Pure Storage in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, September 26th. UBS Group upped their price objective on shares of Pure Storage from $50.00 to $55.00 and gave the company a “sell” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. increased their price target on shares of Pure Storage from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Finally, Wedbush upped their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pure Storage currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.06.

Pure Storage Stock Performance

NYSE:PSTG opened at $93.15 on Thursday. The firm has a market cap of $30.61 billion, a PE ratio of 227.20, a price-to-earnings-growth ratio of 8.17 and a beta of 1.22. Pure Storage, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $93.99. The business has a 50 day moving average price of $73.43 and a 200-day moving average price of $58.88.

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

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.