111 Capital Takes $255,000 Position in Pure Storage, Inc. $PSTG

111 Capital bought a new position in shares of Pure Storage, Inc. (NYSE:PSTG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,424 shares of the technology company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Pure Storage during the 1st quarter valued at approximately $51,000. Merit Financial Group LLC raised its holdings in shares of Pure Storage by 17.4% during the first quarter. Merit Financial Group LLC now owns 6,007 shares of the technology company’s stock worth $266,000 after purchasing an additional 891 shares during the last quarter. UMB Bank n.a. lifted its position in Pure Storage by 41.1% during the first quarter. UMB Bank n.a. now owns 3,545 shares of the technology company’s stock valued at $157,000 after purchasing an additional 1,032 shares during the period. Farther Finance Advisors LLC boosted its holdings in Pure Storage by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 2,634 shares of the technology company’s stock valued at $120,000 after purchasing an additional 649 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Pure Storage by 59.4% in the first quarter. GAMMA Investing LLC now owns 5,118 shares of the technology company’s stock valued at $227,000 after purchasing an additional 1,908 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling at Pure Storage

In related news, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total transaction of $528,978.42. Following the completion of the transaction, the executive owned 62,759 shares in the company, valued at $5,486,391.78. This represents a 8.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne Taylor sold 3,000 shares of Pure Storage stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $76.93, for a total value of $230,790.00. Following the completion of the sale, the director owned 16,343 shares in the company, valued at approximately $1,257,266.99. The trade was a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 650,070 shares of company stock valued at $42,844,896. Corporate insiders own 5.60% of the company’s stock.

Pure Storage Price Performance

Shares of PSTG stock opened at $90.29 on Tuesday. Pure Storage, Inc. has a 1-year low of $34.51 and a 1-year high of $91.39. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 220.22, a PEG ratio of 8.07 and a beta of 1.22. The stock has a 50 day simple moving average of $72.18 and a 200-day simple moving average of $58.43.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. The company had revenue of $861.00 million during the quarter, compared to analyst estimates of $845.78 million. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PSTG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Pure Storage in a research note on Saturday, September 27th. Guggenheim lifted their price target on Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Barclays upped their price objective on Pure Storage from $57.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Cowen reaffirmed a “buy” rating on shares of Pure Storage in a report on Thursday, August 28th. Finally, Piper Sandler set a $92.00 price target on shares of Pure Storage and gave the stock an “overweight” rating in a report on Thursday, September 25th. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.06.

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.