Asset Management One Co. Ltd. Has $7.32 Million Stock Holdings in Pure Storage, Inc. $PSTG

Asset Management One Co. Ltd. raised its stake in Pure Storage, Inc. (NYSE:PSTG) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,045 shares of the technology company’s stock after buying an additional 5,150 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Pure Storage were worth $7,315,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its stake in 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 valued at $401,793,000 after buying an additional 1,868,782 shares during the period. William Blair Investment Management LLC grew its position in Pure Storage by 112.9% in the second quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock worth $283,687,000 after acquiring an additional 2,612,300 shares in the last quarter. Blair William & Co. IL grew its position in Pure Storage by 2.8% in the first quarter. Blair William & Co. IL now owns 3,541,445 shares of the technology company’s stock worth $156,780,000 after acquiring an additional 96,731 shares in the last quarter. Northern Trust Corp grew its position in Pure Storage by 0.8% in the first quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock worth $128,896,000 after acquiring an additional 23,531 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Pure Storage by 1.9% in the first 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 worth $112,325,000 after acquiring an additional 47,584 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Price Performance

Shares of Pure Storage stock opened at $95.61 on Tuesday. Pure Storage, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $97.00. The firm has a fifty day moving average price of $82.36 and a two-hundred day moving average price of $63.40. The company has a market cap of $31.42 billion, a PE ratio of 233.19, a price-to-earnings-growth ratio of 8.65 and a beta of 1.22.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $845.78 million. During the same period in the prior year, the firm earned $0.44 EPS. The business’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. Analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Pure Storage from $80.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Guggenheim boosted their target price on shares of Pure Storage from $93.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Wall Street Zen raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Citigroup upped their price objective on shares of Pure Storage from $81.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Raymond James Financial upped their price objective on shares of Pure Storage from $88.00 to $99.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.56.

Insider Buying and Selling at Pure Storage

In other news, insider John Colgrove sold 198,749 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $60.32, for a total transaction of $11,988,539.68. Following the completion of the transaction, the insider directly owned 500,000 shares of the company’s stock, valued at approximately $30,160,000. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ajay Singh sold 7,014 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total transaction of $602,151.90. Following the sale, the insider owned 229,307 shares of the company’s stock, valued at $19,686,005.95. This trade represents a 2.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 729,600 shares of company stock valued at $50,891,133 over the last quarter. 5.60% of the stock is currently owned by insiders.

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.