90,100 Shares in Pure Storage, Inc. $PSTG Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc acquired a new position in shares of Pure Storage, Inc. (NYSE:PSTG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 90,100 shares of the technology company’s stock, valued at approximately $5,188,000.

Several other institutional investors have also made changes to their positions in PSTG. Mechanics Financial Corp acquired a new stake in shares of Pure Storage during the 2nd quarter valued at about $25,000. REAP Financial Group LLC boosted its position in shares of Pure Storage by 49.0% during the 2nd quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock valued at $35,000 after acquiring an additional 201 shares in the last quarter. TruNorth Capital Management LLC acquired a new stake in shares of Pure Storage during the 1st quarter valued at about $38,000. Nisa Investment Advisors LLC boosted its position in shares of Pure Storage by 35.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company’s stock valued at $40,000 after acquiring an additional 239 shares in the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in shares of Pure Storage by 40.0% during the 2nd quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company’s stock valued at $40,000 after acquiring an additional 200 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PSTG shares. Guggenheim boosted their price target on shares of Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Lake Street Capital boosted their price target on shares of Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Wall Street Zen upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Northland Securities boosted their price target on shares of Pure Storage from $63.00 to $71.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Finally, Morgan Stanley boosted their target price on shares of Pure Storage from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.56.

Insider Buying and Selling

In other news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $92.49, for a total value of $9,249,000.00. Following the completion of the transaction, the insider owned 200,000 shares in the company, valued at $18,498,000. This represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $5,486,391.78. This trade represents a 8.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 343,111 shares of company stock valued at $27,634,439. 5.60% of the stock is owned by corporate insiders.

Pure Storage Stock Performance

Shares of NYSE:PSTG opened at $98.77 on Monday. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $99.02. The company has a market capitalization of $32.46 billion, a PE ratio of 240.90, a PEG ratio of 8.99 and a beta of 1.22. The company has a 50 day moving average price of $85.59 and a two-hundred day moving average price of $65.12.

Pure Storage (NYSE:PSTG) last issued its earnings results on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts forecast that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Pure Storage 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.