Vontobel Holding Ltd. Invests $280,000 in Pure Storage, Inc. $PSTG

Key Points

• Vontobel Holding Ltd. has invested approximately $280,000 in Pure Storage, Inc. by acquiring 4,861 shares in the second quarter of the year.
• Pure Storage recently reported a quarterly EPS of $0.43, exceeding analyst expectations, with a revenue increase of 12.7% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Pure Storage, with price targets ranging from $55.00 to $105.00 across various investment firms.

Vontobel Holding Ltd. purchased a new stake in shares of Pure Storage, Inc. (NYSE:PSTG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,861 shares of the technology company's stock, valued at approximately $280,000.

Several other large investors have also recently modified their holdings of the business. Mechanics Financial Corp acquired a new stake in Pure Storage in the second quarter valued at $25,000. REAP Financial Group LLC increased its holdings in Pure Storage by 49.0% in the second quarter. REAP Financial Group LLC now owns 611 shares of the technology company's stock worth $35,000 after purchasing an additional 201 shares in the last quarter. American National Bank & Trust bought a new position in Pure Storage during the second quarter worth $45,000. FNY Investment Advisers LLC increased its position in Pure Storage by 5,233.3% in the 1st quarter. FNY Investment Advisers LLC now owns 800 shares of the technology company's stock valued at $35,000 after buying an additional 785 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in Pure Storage in the 1st quarter valued at about $38,000. Institutional investors own 83.42% of the company's stock.

Wall Street Analyst Weigh In

PSTG has been the subject of a number of research reports. Morgan Stanley raised their price objective on Pure Storage from $60.00 to $72.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Weiss Ratings restated a "hold (c)" rating on shares of Pure Storage in a report on Wednesday, October 8th. Wedbush upped their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Guggenheim boosted their target price on shares of Pure Storage from $93.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. Finally, UBS Group lifted their price target on Pure Storage from $50.00 to $55.00 and gave the company a "sell" rating in a research note on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Pure Storage presently has a consensus rating of "Moderate Buy" and an average target price of $81.06.

Pure Storage Stock Performance

Shares of NYSE:PSTG opened at $92.79 on Thursday. The company's 50-day moving average is $76.97 and its 200 day moving average is $60.32. The company has a market capitalization of $30.49 billion, a P/E ratio of 226.31, a price-to-earnings-growth ratio of 8.59 and a beta of 1.22. Pure Storage, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $94.94.

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, 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 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 firm posted $0.44 earnings per share. 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 year.

Insider Activity at Pure Storage

In other Pure Storage news, Director Roxanne Taylor sold 3,000 shares of the 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 completion of the transaction, the director directly owned 16,343 shares of the company's stock, valued at approximately $1,257,266.99. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Dan Fitzsimons sold 6,051 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total value of $528,978.42. Following the transaction, the executive directly owned 62,759 shares in the company, valued at $5,486,391.78. This represents a 8.79% decrease in their position. 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 over the last 90 days. Corporate insiders own 5.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.