Pure Storage, Inc. $PSTG Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Pure Storage, Inc. (NYSE:PSTG) by 44.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,409,954 shares of the technology company’s stock after selling 1,116,001 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of Pure Storage worth $118,168,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Pure Storage in the first quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pure Storage by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock valued at $387,000 after purchasing an additional 4,926 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Pure Storage by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock valued at $50,377,000 after purchasing an additional 595,307 shares during the period. Empowered Funds LLC grew its stake in Pure Storage by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock worth $212,000 after purchasing an additional 194 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new stake in Pure Storage during the 2nd quarter worth about $207,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $71.31, for a total value of $7,131,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total transaction of $481,930.92. Following the transaction, the insider owned 215,091 shares in the company, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Oppenheimer assumed coverage on Pure Storage in a research note on Monday, November 17th. They issued an “outperform” rating and a $120.00 price objective for the company. Wall Street Zen upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Pure Storage in a research report on Wednesday, December 3rd. Tigress Financial set a $105.00 price objective on shares of Pure Storage in a report on Wednesday, December 3rd. Finally, Barclays boosted their target price on shares of Pure Storage from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.47.

Key Pure Storage News

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

• Positive Sentiment: AI-driven flash demand is boosting margins and the company raised its FY26 revenue outlook to $3.63–$3.64B, driven by hyperscaler wins and a stronger flash portfolio — a clear fundamental tailwind for revenue and margin expansion. How Pure Storage’s Flash Portfolio is Becoming Its Margin Multiplier
• Positive Sentiment: Market reaction: multiple headlines note Pure Storage shares have gained as broader markets dipped, reflecting favorable investor response to recent product/margin news and sentiment ahead of earnings. Pure Storage (PSTG) Gains As Market Dips: What You Should Know
• Neutral Sentiment: Earnings preview: Wall Street expects EPS growth for the upcoming report, but one preview flags PSTG may not have the ideal setup for an earnings beat — expectations and execution will be scrutinized next week. Pure Storage (PSTG) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Analyst previews offer deeper KPI expectations (revenue mix, gross margins, AI-specific bookings) ahead of the quarter-end January results — these line-item metrics could swing sentiment independent of headline EPS. Gear Up for Pure Storage (PSTG) Q4 Earnings: Wall Street Estimates for Key Metrics
• Neutral Sentiment: Competitive positioning: comparative analyses with NetApp highlight diverging growth, guidance and valuations as both vie for AI-storage demand — market-share and product wins vs. peers will be watched. Pure Storage vs. NetApp: Which Data Storage Stock Is the Better Pick?
• Negative Sentiment: Analyst action: Citigroup cut its price target to $90, which may cap upside in the near term and signals some analyst caution on valuation vs. growth assumptions. Citigroup Lowers Pure Storage (NYSE:PSTG) Price Target to $90.00
• Negative Sentiment: Valuation concerns: commentary calling PSTG an “expensive certainty” underscores that while the business quality is acknowledged, high multiples could make the stock sensitive to any growth or guidance disappointment. Pure Storage: Quality Business, Expensive Certainty

Pure Storage Trading Up 0.5%

Shares of Pure Storage stock opened at $73.93 on Monday. The company has a fifty day simple moving average of $70.39 and a 200-day simple moving average of $77.41. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of 194.54, a PEG ratio of 5.74 and a beta of 1.27. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59.

Pure Storage (NYSE:PSTG) last announced its quarterly earnings results on Tuesday, December 2nd. The technology company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $964.45 million during the quarter, compared to analysts’ expectations of $955.60 million. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%. Pure Storage’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share. On average, analysts forecast that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Pure Storage 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.