Whittier Trust Co. Has $8.06 Million Holdings in Pure Storage, Inc. $PSTG

Key Points

• Whittier Trust Co. increased its holdings in Pure Storage, Inc. by 2.3% during Q2, now owning 139,971 shares valued at approximately $8.06 million.
• Institutional investors hold a significant stake in Pure Storage, with 83.42% of the company's stock owned by these entities.
• Analysts have a generally positive outlook on Pure Storage, with an average rating of "Moderate Buy" and a price target of $88.56.

Whittier Trust Co. grew its stake in Pure Storage, Inc. (NYSE:PSTG - Free Report) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,971 shares of the technology company's stock after buying an additional 3,092 shares during the period. Whittier Trust Co.'s holdings in Pure Storage were worth $8,059,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSTG. Mechanics Financial Corp acquired a new stake in shares of Pure Storage in the second quarter worth about $25,000. REAP Financial Group LLC lifted its position in shares of 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 buying an additional 201 shares during the last quarter. TruNorth Capital Management LLC acquired a new stake in shares of Pure Storage in the first quarter worth about $38,000. Nisa Investment Advisors LLC lifted its position in shares of Pure Storage by 35.6% in 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 during the last quarter. Finally, Ramirez Asset Management Inc. lifted its position in shares of Pure Storage by 40.0% in the second quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company's stock worth $40,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Insider Transactions at Pure Storage

In other Pure Storage news, CAO Mona Chu sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $76.51, for a total value of $1,338,925.00. Following the completion of the transaction, the chief accounting officer owned 138,899 shares of the company's stock, valued at $10,627,162.49. This represents a 11.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ajay Singh sold 7,014 shares of the company's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total value of $602,151.90. Following the completion of the transaction, the insider directly owned 229,307 shares of the company's stock, valued at approximately $19,686,005.95. This trade represents a 2.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 743,111 shares of company stock worth $51,703,009. Insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on PSTG. Cowen reaffirmed a "buy" rating on shares of Pure Storage in a research report on Thursday, August 28th. Wells Fargo & Company boosted their price objective on Pure Storage from $80.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. Guggenheim boosted their price objective on Pure Storage from $93.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. Bank of America boosted their price objective on Pure Storage from $76.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Pure Storage in a research report on Wednesday, October 8th. Fourteen equities research 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. According to MarketBeat.com, Pure Storage currently has an average rating of "Moderate Buy" and an average price target of $88.56.

Pure Storage Stock Down 0.3%

Pure Storage stock opened at $90.75 on Wednesday. The business has a 50 day moving average price of $79.62 and a two-hundred day moving average price of $61.80. The stock has a market cap of $29.82 billion, a price-to-earnings ratio of 221.34, a price-to-earnings-growth ratio of 8.39 and a beta of 1.22. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $95.14.

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

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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