HighTower Advisors LLC Has $1.35 Million Holdings in Pure Storage, Inc. $PSTG

HighTower Advisors LLC raised its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 30,427 shares of the technology company’s stock after purchasing an additional 313 shares during the quarter. HighTower Advisors LLC’s holdings in Pure Storage were worth $1,347,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Blair William & Co. IL increased its holdings 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 purchasing an additional 96,731 shares during the period. Northern Trust Corp increased its holdings in shares of Pure Storage by 18.2% during the 4th quarter. Northern Trust Corp now owns 2,888,060 shares of the technology company’s stock worth $177,414,000 after purchasing an additional 443,728 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Pure Storage by 3.0% during 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Pure Storage by 6.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,461,500 shares of the technology company’s stock worth $64,701,000 after purchasing an additional 85,851 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of Pure Storage by 5.9% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 1,340,846 shares of the technology company’s stock worth $59,359,000 after purchasing an additional 74,108 shares during the period. Institutional investors own 83.42% of the company’s stock.

Insider Activity

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 sale, the director directly owned 19,706 shares of the company’s stock, valued at approximately $1,106,886.02. This represents a 26.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Dan Fitzsimons sold 6,000 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $51.65, for a total transaction of $309,900.00. Following the sale, the executive directly owned 75,965 shares in the company, valued at $3,923,592.25. This represents a 7.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 446,794 shares of company stock valued at $26,641,913 over the last three months. 5.60% of the stock is owned by corporate insiders.

Pure Storage Trading Up 1.3%

Shares of Pure Storage stock opened at $59.06 on Tuesday. The stock has a market capitalization of $19.30 billion, a price-to-earnings ratio of 159.63, a P/E/G ratio of 5.66 and a beta of 1.07. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $73.67. The firm’s 50-day moving average price is $56.63 and its two-hundred day moving average price is $53.31.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Wednesday, May 28th. The technology company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $778.49 million for the quarter, compared to analysts’ expectations of $770.03 million. Pure Storage had a net margin of 3.93% and a return on equity of 13.98%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. Pure Storage has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities research analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

PSTG has been the topic of several research reports. Citigroup boosted their price objective on shares of Pure Storage from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Wedbush reissued an “outperform” rating and issued a $70.00 target price on shares of Pure Storage in a research note on Thursday, May 29th. Needham & Company LLC reissued a “buy” rating and issued a $75.00 target price on shares of Pure Storage in a research note on Friday, June 20th. Morgan Stanley started coverage on shares of Pure Storage in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $60.00 target price on the stock. Finally, Barclays lowered their target price on shares of Pure Storage from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 29th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.56.

Pure Storage 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.