Public Employees Retirement System of Ohio Raises Stock Holdings in Pure Storage, Inc. $PSTG

Public Employees Retirement System of Ohio lifted its holdings in shares of Pure Storage, Inc. (NYSE:PSTG) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,919 shares of the technology company’s stock after acquiring an additional 1,934 shares during the period. Public Employees Retirement System of Ohio’s holdings in Pure Storage were worth $5,581,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PSTG. MassMutual Private Wealth & Trust FSB increased its stake in Pure Storage by 55.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the technology company’s stock valued at $29,000 after purchasing an additional 233 shares during the period. 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 acquiring an additional 785 shares during the period. TruNorth Capital Management LLC acquired a new position in Pure Storage in the 1st quarter valued at about $38,000. Nisa Investment Advisors LLC raised its stake in Pure Storage by 35.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company’s stock valued at $40,000 after acquiring an additional 239 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in Pure Storage during the 1st quarter worth approximately $43,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Pure Storage Stock Performance

Shares of NYSE PSTG opened at $82.46 on Monday. The firm has a market cap of $27.10 billion, a price-to-earnings ratio of 201.13, a PEG ratio of 7.65 and a beta of 1.20. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $89.10. The stock’s 50-day simple moving average is $68.71 and its 200-day simple moving average is $56.94.

Pure Storage (NYSE:PSTG) last posted its quarterly earnings data 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. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $845.78 million. During the same period in the previous year, the business earned $0.44 EPS. Pure Storage’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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 EPS for the current year.

Insider Activity

In other news, Director John Francis Murphy sold 6,959 shares of the 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 transaction, the director owned 19,706 shares of the company’s stock, valued at approximately $1,106,886.02. This trade represents a 26.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 198,749 shares of Pure Storage stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $60.32, for a total value of $11,988,539.68. Following the completion of the transaction, the insider owned 500,000 shares of the company’s stock, valued at $30,160,000. This trade represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 663,580 shares of company stock worth $43,326,205 over the last ninety days. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PSTG shares. Citigroup boosted their target price on Pure Storage from $70.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Wall Street Zen upgraded Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. UBS Group upped their target price on shares of Pure Storage from $50.00 to $55.00 and gave the stock a “sell” rating in a research report on Thursday, August 28th. Bank of America lifted their price target on Pure Storage from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, Lake Street Capital upped their target price on Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and an average target price of $81.06.

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.