Aberdeen Group plc Has $14.01 Million Stock Holdings in Pure Storage, Inc. $PSTG

Key Points

• Aberdeen Group plc increased its holdings in Pure Storage, Inc. by 5.6%, now owning 243,303 shares worth approximately $14.01 million.
• Pure Storage reported $0.43 EPS for the latest quarter, surpassing the consensus estimate of $0.39, with a revenue of $861 million compared to the expected $845.78 million.
• Analyst ratings for the stock have improved, with Guggenheim raising its target price to $105 and Needham & Company increasing their target to $100, both assigning a "buy" rating.

Aberdeen Group plc increased its holdings in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 5.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 243,303 shares of the technology company's stock after purchasing an additional 12,833 shares during the quarter. Aberdeen Group plc owned 0.07% of Pure Storage worth $14,009,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. LPL Financial LLC increased its stake in Pure Storage by 22.6% during the 1st quarter. LPL Financial LLC now owns 118,368 shares of the technology company's stock worth $5,240,000 after purchasing an additional 21,812 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Pure Storage by 13.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 275,796 shares of the technology company's stock worth $12,209,000 after purchasing an additional 32,611 shares in the last quarter. Crumly & Associates Inc. bought a new stake in Pure Storage during the 2nd quarter worth approximately $242,000. Michael S. Ryan Inc. bought a new stake in Pure Storage during the 2nd quarter worth approximately $254,000. Finally, D.A. Davidson & CO. increased its stake in Pure Storage by 7.7% during the 1st quarter. D.A. Davidson & CO. now owns 7,000 shares of the technology company's stock worth $310,000 after purchasing an additional 500 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

Pure Storage Trading Down 0.1%

NYSE PSTG opened at $92.42 on Wednesday. The company has a market cap of $30.37 billion, a PE ratio of 225.42, a PEG ratio of 8.60 and a beta of 1.22. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $94.72. The stock has a 50 day moving average of $76.26 and a 200-day moving average of $60.10.

Pure Storage (NYSE:PSTG - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $861.00 million during the quarter, compared to the consensus estimate 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 for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. 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 Buying and Selling

In other Pure Storage news, insider Ajay Singh sold 7,014 shares of Pure Storage stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total transaction of $602,151.90. Following the completion of the transaction, the insider directly owned 229,307 shares of the company's stock, valued at $19,686,005.95. The trade was a 2.97% 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, Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $76.93, for a total transaction of $230,790.00. Following the transaction, the director directly owned 16,343 shares of the company's stock, valued at approximately $1,257,266.99. This trade represents a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 643,111 shares of company stock worth $42,454,009 in the last quarter. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on PSTG shares. Guggenheim increased their target price on Pure Storage from $93.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. Needham & Company LLC raised their price target on shares of Pure Storage from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. raised their price target on shares of Pure Storage from $70.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Lake Street Capital raised their price target on shares of Pure Storage from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pure Storage in a research note on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Pure Storage currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.06.

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.

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