Virtu Financial LLC Takes $232,000 Position in Pure Storage, Inc. $PSTG

Key Points

• Virtu Financial LLC has acquired a new position in Pure Storage, purchasing 5,234 shares valued at approximately $232,000 during the first quarter.
• Institutional investors control 83.42% of Pure Storage's stock, indicating strong institutional interest in the company.
• Research analysts have mixed ratings on Pure Storage, with one sell rating, five hold ratings, and fifteen buy ratings, and an average target price of $70.21.

Virtu Financial LLC bought a new position in Pure Storage, Inc. (NYSE:PSTG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,234 shares of the technology company's stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PSTG. MassMutual Private Wealth & Trust FSB boosted its stake in Pure Storage by 55.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the technology company's stock worth $29,000 after acquiring an additional 233 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Pure Storage by 35.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company's stock worth $40,000 after acquiring an additional 239 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Pure Storage by 5.1% in the first quarter. Mutual Advisors LLC now owns 5,173 shares of the technology company's stock worth $236,000 after purchasing an additional 252 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in shares of Pure Storage by 2.3% during the first quarter. MBM Wealth Consultants LLC now owns 11,372 shares of the technology company's stock valued at $503,000 after buying an additional 252 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in Pure Storage by 0.9% during the 1st quarter. Citizens Financial Group Inc. RI now owns 29,481 shares of the technology company's stock worth $1,305,000 after acquiring an additional 261 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on PSTG. Evercore ISI lifted their target price on shares of Pure Storage from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Needham & Company LLC reiterated a "buy" rating and set a $75.00 price target on shares of Pure Storage in a report on Friday, June 20th. Citigroup boosted their price objective on Pure Storage from $65.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Barclays reduced their price objective on Pure Storage from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Thursday, May 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $66.00 target price (up from $53.00) on shares of Pure Storage in a research note on Thursday, May 29th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $70.21.

Pure Storage Stock Performance

Pure Storage stock traded down $1.99 during mid-day trading on Wednesday, reaching $55.23. The company's stock had a trading volume of 801,404 shares, compared to its average volume of 2,684,616. The firm's fifty day moving average price is $56.31 and its two-hundred day moving average price is $53.74. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $73.67. The company has a market capitalization of $18.05 billion, a P/E ratio of 149.22, a PEG ratio of 5.56 and a beta of 1.07.

Pure Storage (NYSE:PSTG - Get Free Report) last issued its earnings results on Wednesday, May 28th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $778.49 million during the quarter, compared to the consensus estimate of $770.03 million. Pure Storage had a return on equity of 13.98% and a net margin of 3.93%.The firm's revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Pure Storage has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Insider Activity at Pure Storage

In related news, CRO Dan Fitzsimons sold 6,000 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $51.65, for a total value of $309,900.00. Following the transaction, the executive owned 75,965 shares of the company's stock, valued at $3,923,592.25. This represents a 7.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Francis Murphy sold 11,234 shares of Pure Storage stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $55.13, for a total value of $619,330.42. Following the sale, the director directly owned 21,930 shares of the company's stock, valued at approximately $1,209,000.90. This trade represents a 33.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 446,794 shares of company stock worth $26,641,913 over the last quarter. 5.60% of the stock is currently owned by corporate 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.