Vanguard Personalized Indexing Management LLC Grows Position in Pure Storage, Inc. $PSTG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Pure Storage by 47.1%, acquiring an additional 12,880 shares for a total holding worth $2,316,000.
• Several institutional investors, including T. Rowe Price and Blair William & Co., have also increased their positions in Pure Storage, with institutional ownership now at 83.42%.
• Analysts have raised their price targets for Pure Storage, with a consensus target price now at $81.06 and a majority rating the stock as a Moderate Buy.

Vanguard Personalized Indexing Management LLC boosted its position in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) by 47.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,221 shares of the technology company's stock after purchasing an additional 12,880 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Pure Storage were worth $2,316,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Pure Storage by 25.9% during 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 buying an additional 1,868,782 shares during the period. Blair William & Co. IL lifted its stake in shares of Pure Storage by 2.8% during the 1st 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 during the last quarter. Northern Trust Corp boosted its holdings in Pure Storage by 0.8% during the 1st quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company's stock valued at $128,896,000 after acquiring an additional 23,531 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position 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 valued at $112,325,000 after acquiring an additional 47,584 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position 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 valued at $88,992,000 after acquiring an additional 58,054 shares during the last quarter. Institutional investors own 83.42% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Guggenheim lifted their target price on Pure Storage from $93.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. boosted their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Needham & Company LLC raised their target price on shares of Pure Storage from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. Northland Securities boosted their price target on Pure Storage from $63.00 to $71.00 and gave the company a "market perform" rating in a report on Thursday, August 28th. Finally, Barclays raised their price objective on Pure Storage from $57.00 to $70.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.06.

Insiders Place Their Bets

In other news, insider John Colgrove sold 198,749 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $60.32, for a total transaction of $11,988,539.68. Following the sale, the insider owned 500,000 shares in the company, valued at approximately $30,160,000. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajay Singh sold 7,014 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 643,111 shares of company stock valued at $42,454,009. 5.60% of the stock is currently owned by corporate insiders.

Pure Storage Stock Up 0.3%

NYSE PSTG opened at $92.79 on Thursday. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $94.94. The company has a 50 day moving average price of $76.97 and a 200 day moving average price of $60.32. The firm has a market cap of $30.49 billion, a PE ratio of 226.31, a price-to-earnings-growth ratio of 8.59 and a beta of 1.22.

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

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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