FY2026 EPS Estimates for Pure Storage Decreased by Analyst

Pure Storage, Inc. (NYSE:PSTG) – Research analysts at Northland Capmk decreased their FY2026 earnings per share (EPS) estimates for shares of Pure Storage in a report issued on Wednesday, December 3rd. Northland Capmk analyst N. Chokshi now expects that the technology company will post earnings of $0.53 per share for the year, down from their previous estimate of $0.54. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. Northland Capmk also issued estimates for Pure Storage’s Q4 2026 earnings at $0.23 EPS, Q1 2027 earnings at $0.01 EPS, Q2 2027 earnings at $0.08 EPS, Q3 2027 earnings at $0.23 EPS, Q4 2027 earnings at $0.32 EPS and FY2027 earnings at $0.64 EPS.

PSTG has been the topic of several other reports. Bank of America increased their target price on shares of Pure Storage from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Wedbush increased their price objective on Pure Storage from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Wells Fargo & Company raised their price objective on Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Raymond James Financial upped their target price on Pure Storage from $88.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Oppenheimer started coverage on Pure Storage in a report on Monday, November 17th. They set an “outperform” rating and a $120.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Pure Storage presently has an average rating of “Moderate Buy” and a consensus target price of $95.26.

Pure Storage Trading Down 2.5%

Pure Storage stock opened at $70.37 on Monday. Pure Storage has a 1-year low of $34.51 and a 1-year high of $100.59. The firm’s fifty day simple moving average is $88.43 and its 200-day simple moving average is $71.61. The company has a market capitalization of $23.13 billion, a P/E ratio of 185.18, a P/E/G ratio of 7.87 and a beta of 1.28.

Pure Storage (NYSE:PSTG) last posted its earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $763.77 million during the quarter. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%.

Insider Activity at Pure Storage

In other 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 transaction of $602,151.90. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $87.33, for a total value of $8,733,000.00. Following the sale, the insider directly owned 300,000 shares in the company, valued at approximately $26,199,000. This trade represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 327,311 shares of company stock valued at $29,498,100 in the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Trading of Pure Storage

A number of hedge funds have recently modified their holdings of PSTG. Vanguard Group Inc. increased its position in shares of Pure Storage by 1.9% during the third quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock valued at $2,840,407,000 after purchasing an additional 623,019 shares during the period. State Street Corp boosted its stake in Pure Storage by 1.9% during the third quarter. State Street Corp now owns 10,864,918 shares of the technology company’s stock worth $910,589,000 after buying an additional 199,831 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings 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 valued at $401,793,000 after buying an additional 1,868,782 shares during the period. Geode Capital Management LLC increased its holdings in Pure Storage by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 7,273,696 shares of the technology company’s stock valued at $417,830,000 after buying an additional 123,320 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of 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 valued at $283,687,000 after buying an additional 2,612,300 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

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.