ASR Vermogensbeheer N.V. Acquires 33,109 Shares of Pure Storage, Inc. $PSTG

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Pure Storage, acquiring an additional 33,109 shares, boosting their total holdings to 39,598 shares valued at approximately $2.28 million.
• Analysts have revised their price targets upward, with Guggenheim setting it at $105 and Northland Securities at $71, while the consensus rating for Pure Storage stock is a "Moderate Buy" with a target of $81.06.
• Pure Storage reported a second quarter earnings per share of $0.43, surpassing expectations, and achieved a revenue of $861 million, reflecting a year-over-year increase of 12.7%.

ASR Vermogensbeheer N.V. boosted its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 510.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,598 shares of the technology company's stock after buying an additional 33,109 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Pure Storage were worth $2,280,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PSTG. FNY Investment Advisers LLC grew its stake in Pure Storage by 5,233.3% during the first quarter. FNY Investment Advisers LLC now owns 800 shares of the technology company's stock worth $35,000 after buying an additional 785 shares in the last quarter. TruNorth Capital Management LLC acquired a new stake in Pure Storage during the first quarter worth about $38,000. Nisa Investment Advisors LLC grew its stake in Pure Storage by 35.6% during the first quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company's stock worth $40,000 after buying an additional 239 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Pure Storage during the first quarter worth about $43,000. Finally, Compass Financial Services Inc grew its stake in Pure Storage by 120.9% during the first quarter. Compass Financial Services Inc now owns 1,027 shares of the technology company's stock worth $45,000 after buying an additional 562 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PSTG shares. Northland Securities lifted their price target on shares of Pure Storage from $63.00 to $71.00 and gave the company a "market perform" rating in a report on Thursday, August 28th. Morgan Stanley increased their price objective on shares of Pure Storage from $60.00 to $72.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Guggenheim increased their price objective on shares of Pure Storage from $93.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, September 26th. Cowen reissued a "buy" rating on shares of Pure Storage in a research note on Thursday, August 28th. Finally, Raymond James Financial increased their price objective on shares of Pure Storage from $76.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Fourteen investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.06.

Pure Storage Stock Performance

Shares of NYSE PSTG opened at $86.97 on Friday. The company has a market capitalization of $28.58 billion, a P/E ratio of 212.12, a price-to-earnings-growth ratio of 8.07 and a beta of 1.22. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $89.40. The company's 50 day moving average price is $71.56 and its 200-day moving average price is $58.11.

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

Insider Transactions at Pure Storage

In other news, Director John Francis Murphy sold 6,959 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $56.17, for a total value of $390,887.03. Following the transaction, the director owned 19,706 shares in the company, valued at approximately $1,106,886.02. The trade was a 26.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Colgrove sold 198,749 shares of Pure Storage stock in a transaction on 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 sale, the insider owned 500,000 shares of the company's stock, valued at $30,160,000. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 650,070 shares of company stock worth $42,844,896. Company insiders own 5.60% of the company's stock.

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.

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