9,746 Shares in Pure Storage, Inc. $PSTG Bought by O Neil Global Advisors Inc.

O Neil Global Advisors Inc. purchased a new stake in Pure Storage, Inc. (NYSE:PSTG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,746 shares of the technology company’s stock, valued at approximately $817,000.

A number of other hedge funds have also added to or reduced their stakes in PSTG. Versant Capital Management Inc boosted its stake in shares of Pure Storage by 8.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,598 shares of the technology company’s stock valued at $134,000 after purchasing an additional 122 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Pure Storage by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Pure Storage by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the technology company’s stock worth $3,667,000 after buying an additional 152 shares during the period. State of Wyoming boosted its position in Pure Storage by 10.3% during the 3rd quarter. State of Wyoming now owns 1,673 shares of the technology company’s stock valued at $140,000 after acquiring an additional 156 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Pure Storage by 11.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,530 shares of the technology company’s stock worth $128,000 after acquiring an additional 162 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Pure Storage Stock Up 0.5%

NYSE:PSTG opened at $73.93 on Monday. 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. The company’s 50 day moving average price is $70.39 and its 200-day moving average price is $77.41. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59.

Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Tuesday, December 2nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $964.45 million for the quarter, compared to analysts’ expectations of $955.60 million. Pure Storage had a return on equity of 10.60% and a net margin of 3.74%.The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. As a group, sell-side analysts anticipate that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Insider Buying and Selling at Pure Storage

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

Analysts Set New Price Targets

A number of research firms have recently commented on PSTG. Lake Street Capital raised their target price on Pure Storage from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Barclays increased their price objective on Pure Storage from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Susquehanna set a $105.00 price objective on Pure Storage in a research report on Wednesday, December 3rd. Wall Street Zen raised shares of Pure Storage from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pure Storage in a research note on Thursday, January 22nd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.47.

Key Headlines Impacting Pure Storage

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 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.