Cwm LLC Raises Holdings in Pure Storage, Inc. $PSTG

Cwm LLC grew its position in Pure Storage, Inc. (NYSE:PSTG) by 324.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,273 shares of the technology company’s stock after buying an additional 26,964 shares during the quarter. Cwm LLC’s holdings in Pure Storage were worth $2,031,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings 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. Ramirez Asset Management Inc. lifted its stake in shares of Pure Storage by 40.0% during the 2nd quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 200 shares during the last quarter. REAP Financial Group LLC lifted its stake in shares of Pure Storage by 49.0% during the 2nd quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock worth $35,000 after purchasing an additional 201 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in shares of Pure Storage by 2.6% during the 2nd quarter. GraniteShares Advisors LLC now owns 8,001 shares of the technology company’s stock worth $461,000 after purchasing an additional 206 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Pure Storage by 35.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company’s stock worth $40,000 after purchasing an additional 239 shares during the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Pure Storage Stock Performance

Pure Storage stock opened at $91.86 on Monday. The stock has a 50-day moving average of $78.32 and a two-hundred day moving average of $61.22. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $95.14. The stock has a market cap of $30.19 billion, a PE ratio of 224.05, a price-to-earnings-growth ratio of 8.47 and a beta of 1.22.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $845.78 million. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $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.

Insider Activity

In related news, CAO Mona Chu sold 9,091 shares of Pure Storage stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $84.91, for a total transaction of $771,916.81. Following the completion of the sale, the chief accounting officer owned 107,353 shares of the company’s stock, valued at $9,115,343.23. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Dan Fitzsimons sold 6,051 shares of Pure Storage 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 sale, the executive directly owned 62,759 shares of the company’s stock, valued at $5,486,391.78. This trade represents a 8.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 743,111 shares of company stock valued at $51,703,009. 5.60% of the stock is owned by insiders.

Analysts Set New Price Targets

PSTG has been the subject of a number of analyst reports. Piper Sandler set a $92.00 price objective on Pure Storage and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Wall Street Zen upgraded Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Needham & Company LLC upped their price objective on Pure Storage from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Evercore ISI upped their price objective on Pure Storage from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Finally, Wells Fargo & Company increased their price target on Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pure Storage has a consensus rating of “Moderate Buy” and a consensus price target of $83.06.

Pure Storage 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.