Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Pure Storage, Inc. $PSTG

Wealth Enhancement Advisory Services LLC grew its holdings in Pure Storage, Inc. (NYSE:PSTG) by 15.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,082 shares of the technology company’s stock after acquiring an additional 4,162 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Pure Storage were worth $1,769,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Pure Storage in the 2nd quarter valued at $6,668,000. Wedmont Private Capital purchased a new stake in shares of Pure Storage in the 2nd quarter valued at $222,000. Swedbank AB boosted its holdings in shares of Pure Storage by 216.6% in the 2nd quarter. Swedbank AB now owns 132,930 shares of the technology company’s stock valued at $7,654,000 after acquiring an additional 90,947 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of Pure Storage by 120.1% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 35,166 shares of the technology company’s stock valued at $2,021,000 after acquiring an additional 19,189 shares during the last quarter. Finally, Radnor Capital Management LLC boosted its holdings in shares of Pure Storage by 14.9% in the 2nd quarter. Radnor Capital Management LLC now owns 35,145 shares of the technology company’s stock valued at $2,024,000 after acquiring an additional 4,555 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Pure Storage Stock Up 0.6%

Pure Storage stock opened at $82.90 on Tuesday. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $89.10. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 202.20, a PEG ratio of 7.65 and a beta of 1.20. The company has a fifty day simple moving average of $69.22 and a 200-day simple moving average of $57.17.

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

Wall Street Analyst Weigh In

PSTG has been the subject of several analyst reports. Raymond James Financial boosted their target price on shares of Pure Storage from $76.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Cowen reiterated a “buy” rating on shares of Pure Storage in a research note on Thursday, August 28th. Bank of America boosted their target price on shares of Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Evercore ISI boosted their target price on shares of Pure Storage from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wedbush boosted their target price on shares of Pure Storage from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.06.

Insider Transactions at Pure Storage

In related news, insider Ajay Singh sold 7,014 shares of the company’s stock in a transaction dated 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 sale, the insider owned 229,307 shares of the company’s stock, valued at approximately $19,686,005.95. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total transaction of $528,978.42. Following the completion of the sale, the executive directly owned 62,759 shares of the company’s stock, 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 663,580 shares of company stock valued at $43,326,205 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

Pure Storage Company 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.