Capital Impact Advisors LLC Makes New $5.62 Million Investment in Pure Storage, Inc. $PSTG

Key Points

• Capital Impact Advisors LLC has invested $5.62 million in Pure Storage, Inc. by acquiring 126,871 shares, marking it as the company's 29th largest position.
• Institutional investors collectively own 83.42% of Pure Storage, with notable increases in holdings by T. Rowe Price and others in the first quarter.
• Pure Storage reported a quarterly revenue of $861 million, exceeding estimates, with an earnings per share (EPS) of $0.43.

Capital Impact Advisors LLC acquired a new position in Pure Storage, Inc. (NYSE:PSTG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,871 shares of the technology company's stock, valued at approximately $5,617,000. Pure Storage makes up 2.2% of Capital Impact Advisors LLC's investment portfolio, making the stock its 29th biggest position.

Several other institutional investors have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. raised its holdings 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 worth $401,793,000 after purchasing an additional 1,868,782 shares in the last quarter. Blair William & Co. IL raised its holdings in Pure Storage by 2.8% in the 1st quarter. Blair William & Co. IL now owns 3,541,445 shares of the technology company's stock worth $156,780,000 after purchasing an additional 96,731 shares in the last quarter. Northern Trust Corp raised its holdings in Pure Storage by 0.8% in the 1st quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company's stock worth $128,896,000 after purchasing an additional 23,531 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Pure Storage by 1.9% in the 1st 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 purchasing an additional 47,584 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Pure Storage by 3.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,010,210 shares of the technology company's stock worth $88,992,000 after purchasing an additional 58,054 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

Pure Storage Stock Performance

Shares of PSTG stock opened at $79.33 on Wednesday. Pure Storage, Inc. has a one year low of $34.51 and a one year high of $80.68. The company's 50-day moving average is $61.24 and its 200 day moving average is $53.97. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of 193.49, a price-to-earnings-growth ratio of 7.43 and a beta of 1.20.

Pure Storage (NYSE:PSTG - Get Free Report) last announced 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. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $845.78 million. During the same period in the prior year, the firm posted $0.44 EPS. Pure Storage's revenue for the quarter 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. As a group, research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PSTG. Evercore ISI upped their target price on shares of Pure Storage from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Needham & Company LLC upped their target price on shares of Pure Storage from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. UBS Group upped their target price on shares of Pure Storage from $50.00 to $55.00 and gave the stock a "sell" rating in a research report on Thursday, August 28th. Piper Sandler upped their target price on shares of Pure Storage from $66.00 to $78.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $93.00 target price on shares of Pure Storage in a research report on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $77.39.

Insider Buying and Selling at Pure Storage

In other Pure Storage news, Director John Francis Murphy sold 6,959 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $56.17, for a total transaction of $390,887.03. Following the transaction, the director owned 19,706 shares in the company, valued at approximately $1,106,886.02. This represents a 26.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajay Singh sold 22,601 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $55.45, for a total transaction of $1,253,225.45. Following the transaction, the insider owned 261,465 shares in the company, valued at $14,498,234.25. This represents a 7.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 551,360 shares of company stock worth $33,317,922. 5.60% of the stock is owned by company insiders.

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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