Farther Finance Advisors LLC Increases Stock Holdings in Pure Storage, Inc. $PSTG

Farther Finance Advisors LLC grew its position in Pure Storage, Inc. (NYSE:PSTG) by 12.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,954 shares of the technology company’s stock after acquiring an additional 320 shares during the quarter. Farther Finance Advisors LLC’s holdings in Pure Storage were worth $170,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of Pure Storage by 22.6% in the first quarter. LPL Financial LLC now owns 118,368 shares of the technology company’s stock valued at $5,240,000 after acquiring an additional 21,812 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Pure Storage by 13.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 275,796 shares of the technology company’s stock valued at $12,209,000 after acquiring an additional 32,611 shares during the period. Crumly & Associates Inc. acquired a new stake in shares of Pure Storage in the second quarter valued at approximately $242,000. Michael S. Ryan Inc. acquired a new stake in shares of Pure Storage in the second quarter valued at approximately $254,000. Finally, D.A. Davidson & CO. boosted its holdings in shares of Pure Storage by 7.7% in the first quarter. D.A. Davidson & CO. now owns 7,000 shares of the technology company’s stock valued at $310,000 after acquiring an additional 500 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler set a $92.00 price objective on Pure Storage and gave the company an “overweight” rating in a report on Thursday, September 25th. Wall Street Zen raised Pure Storage from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Cowen reaffirmed a “buy” rating on shares of Pure Storage in a report on Thursday, August 28th. Northland Securities increased their price target on Pure Storage from $63.00 to $71.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Finally, Lake Street Capital increased their price target on Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Fourteen 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.06.

Insiders Place Their Bets

In other news, Director John Francis Murphy sold 6,959 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $56.17, for a total value of $390,887.03. Following the completion of the transaction, the director owned 19,706 shares in the company, valued at $1,106,886.02. This trade represents a 26.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Dan Fitzsimons sold 6,051 shares of the firm’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 completion of the transaction, the executive owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This represents a 8.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 650,070 shares of company stock valued at $42,844,896. Company insiders own 5.60% of the company’s stock.

Pure Storage Stock Performance

NYSE:PSTG opened at $88.31 on Friday. The stock has a fifty day moving average price of $70.98 and a two-hundred day moving average price of $57.81. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 215.41, a PEG ratio of 7.96 and a beta of 1.22. Pure Storage, Inc. has a 1 year low of $34.51 and a 1 year high of $89.10.

Pure Storage (NYSE:PSTG) last released 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. 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%.Pure Storage’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current year.

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.