Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 700 Shares of Pure Storage, Inc. $PSTG

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Pure Storage, Inc. (NYSE:PSTG) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,600 shares of the technology company’s stock after purchasing an additional 700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Pure Storage were worth $3,720,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its position in Pure Storage by 25.9% in the first 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 purchasing an additional 1,868,782 shares during the last quarter. William Blair Investment Management LLC raised 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 valued at $283,687,000 after purchasing an additional 2,612,300 shares during the last quarter. Blair William & Co. IL increased its stake in shares of 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 valued at $156,780,000 after buying an additional 96,731 shares during the period. Northern Trust Corp increased its stake in shares of Pure Storage by 0.8% in the first quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock valued at $128,896,000 after buying an additional 23,531 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 valued at $112,325,000 after buying an additional 47,584 shares during the period. 83.42% of the stock is currently owned by institutional investors.

Pure Storage Price Performance

NYSE PSTG opened at $96.92 on Friday. The business has a 50 day simple moving average of $84.78 and a 200 day simple moving average of $64.39. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $98.23. The stock has a market capitalization of $31.85 billion, a P/E ratio of 236.40, a P/E/G ratio of 8.99 and a beta of 1.22.

Pure Storage (NYSE:PSTG) last released its earnings results on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The business had revenue of $861.00 million during the quarter, compared to analysts’ expectations 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. Equities analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Insider Buying and Selling at Pure Storage

In related news, insider Ajay Singh sold 7,014 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total transaction of $602,151.90. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $92.49, for a total value of $9,249,000.00. Following the sale, the insider directly owned 200,000 shares of the company’s stock, valued at $18,498,000. This represents a 33.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 343,111 shares of company stock valued at $27,634,439 over the last ninety days. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PSTG. Raymond James Financial increased their price target on Pure Storage from $88.00 to $99.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Cowen reissued a “buy” rating on shares of Pure Storage in a research note on Thursday, August 28th. UBS Group set a $110.00 price target on Pure Storage in a research note on Tuesday, October 21st. Morgan Stanley increased their price target on Pure Storage from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Finally, Piper Sandler set a $92.00 price target on Pure Storage and gave the company an “overweight” rating in a research note on Thursday, September 25th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.56.

About Pure Storage

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.