3,605 Shares in Pure Storage, Inc. $PSTG Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC acquired a new position in Pure Storage, Inc. (NYSE:PSTG) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,605 shares of the technology company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its stake in Pure Storage by 25.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock worth $401,793,000 after purchasing an additional 1,868,782 shares during the period. William Blair Investment Management LLC boosted its stake in Pure Storage by 112.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock worth $283,687,000 after purchasing an additional 2,612,300 shares during the period. Blair William & Co. IL boosted its stake in Pure Storage by 2.8% in 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 boosted its stake in shares of Pure Storage by 0.8% during the 1st quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock valued at $128,896,000 after buying an additional 23,531 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Pure Storage by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,537,264 shares of the technology company’s stock valued at $112,325,000 after buying an additional 47,584 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling

In other news, insider Ajay Singh sold 7,014 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total value of $602,151.90. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Dan Fitzsimons sold 6,051 shares of the firm’s stock in a transaction dated 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 sale, the executive directly owned 62,759 shares in the company, valued at approximately $5,486,391.78. This represents a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 743,111 shares of company stock valued at $51,703,009 in the last quarter. Insiders own 5.60% of the company’s stock.

Pure Storage Trading Up 0.2%

Pure Storage stock opened at $93.81 on Friday. The company has a market capitalization of $30.83 billion, a P/E ratio of 228.80, a P/E/G ratio of 8.65 and a beta of 1.22. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $96.08. The firm’s fifty day simple moving average is $81.62 and its 200-day simple moving average is $62.91.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results 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. The company had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $845.78 million. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PSTG. Barclays lifted their target price on shares of Pure Storage from $57.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Evercore ISI lifted their target price on shares of Pure Storage from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Morgan Stanley lifted their target price on shares of Pure Storage from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Citigroup lifted their target price on shares of Pure Storage from $81.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.56.

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.