Pure Storage, Inc. $PSTG Position Reduced by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership trimmed its position in Pure Storage, Inc. (NYSE:PSTG) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,078,062 shares of the technology company’s stock after selling 236,844 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.94% of Pure Storage worth $257,972,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Pure Storage by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock worth $2,840,407,000 after purchasing an additional 623,019 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Pure Storage by 1.7% during the second 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 in the last quarter. Norges Bank acquired a new position in Pure Storage during the second quarter valued at $225,203,000. Atreides Management LP purchased a new stake in Pure Storage in the 2nd quarter worth about $204,552,000. Finally, JPMorgan Chase & Co. boosted its position in Pure Storage by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,525,955 shares of the technology company’s stock worth $145,445,000 after acquiring an additional 1,082,606 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ajay Singh sold 7,178 shares of Pure Storage stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the transaction, the insider directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $71.31, for a total value of $7,131,000.00. The SEC filing for this sale provides additional information. 5.60% of the stock is currently owned by insiders.

Pure Storage Stock Performance

PSTG opened at $66.00 on Friday. The company has a market cap of $21.79 billion, a PE ratio of 120.00, a price-to-earnings-growth ratio of 6.45 and a beta of 1.27. The stock has a 50-day moving average of $70.45 and a 200-day moving average of $77.44. Pure Storage, Inc. has a 52-week low of $34.51 and a 52-week high of $100.59.

Pure Storage (NYSE:PSTG) last posted its earnings results on Tuesday, December 2nd. The technology company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $964.45 million during the quarter, compared to analyst estimates of $955.60 million. Pure Storage had a return on equity of 14.69% and a net margin of 5.14%.The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. On average, research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pure Storage in a report on Thursday, January 22nd. Susquehanna set a $105.00 price objective on shares of Pure Storage in a research note on Wednesday, December 3rd. Lake Street Capital increased their target price on shares of Pure Storage from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Wedbush reissued an “outperform” rating and set a $100.00 target price on shares of Pure Storage in a research note on Monday. Finally, Wells Fargo & Company dropped their price target on shares of Pure Storage from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.32.

Key Pure Storage News

Here are the key news stories impacting Pure Storage this week:

• Positive Sentiment: Q4 beat and strong guidance — PSTG reported its first $1B quarter, revenue up ~20% year/year, adjusted EPS above estimates, and Q1/FY27 revenue guidance ahead of Street expectations; this underpins the re-rating opportunity tied to durable hyperscale momentum. PSTG Beats on Q4 Earnings & Sales
• Positive Sentiment: Strategic rebrand and acquisition — the company rebranded to “Everpure” and announced a deal to buy 1touch to add data discovery/semantic/context/security capabilities, signaling a shift from hardware-centric storage toward data intelligence/AI-enabled services. That strategy can expand addressable market and margin optionality. Everpure Rebrand And 1touch Deal
• Positive Sentiment: Analyst support — Barclays raised its price target to $81 (equal-weight) and Wedbush reiterated an Outperform, providing institutional validation that some firms see upside from the strategic shift and beat. Barclays PT Raise Wedbush Reiterates Outperform
• Neutral Sentiment: Corporate disclosure — company posted the formal press release, slide deck and earnings-call transcript detailing results, RPO growth >40%, and strategy execution; useful for due diligence but not an immediate directional catalyst on its own. Earnings PR Slide Deck
• Negative Sentiment: Conflicting sell-side view — UBS raised its price target modestly to $63 but kept a “sell” rating, which supplies a nearby low anchor for sellers and may amplify downside pressure into the stock. UBS PT Raise
• Negative Sentiment: Valuation/technical headwinds and heavy volume — PSTG trades at a high P/E, sits below its 50- and 200-day moving averages, and is seeing elevated volume today, all of which can accelerate downward moves as investors lock in gains after the earlier post-earnings rally.

Pure Storage Company Profile

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.