MGO One Seven LLC Purchases 250 Shares of Pure Storage, Inc. $PSTG

MGO One Seven LLC grew its holdings in Pure Storage, Inc. (NYSE:PSTG) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,112 shares of the technology company’s stock after purchasing an additional 250 shares during the quarter. MGO One Seven LLC’s holdings in Pure Storage were worth $410,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. boosted its stake in Pure Storage by 241.7% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,025 shares of the technology company’s stock valued at $58,000 after purchasing an additional 725 shares during the period. CWM LLC lifted its holdings in shares of Pure Storage by 324.5% during the second quarter. CWM LLC now owns 35,273 shares of the technology company’s stock worth $2,031,000 after buying an additional 26,964 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Pure Storage by 47.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,221 shares of the technology company’s stock valued at $2,316,000 after acquiring an additional 12,880 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of Pure Storage by 10.8% in the second quarter. Concurrent Investment Advisors LLC now owns 8,194 shares of the technology company’s stock valued at $472,000 after acquiring an additional 800 shares during the period. Finally, West Bancorporation Inc. acquired a new stake in shares of Pure Storage in the second quarter worth $248,000. 83.42% of the stock is currently owned by institutional investors.

Pure Storage Stock Down 0.1%

NYSE:PSTG opened at $91.86 on Friday. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $95.14. The firm has a market capitalization of $30.19 billion, a PE ratio of 224.05, a price-to-earnings-growth ratio of 8.53 and a beta of 1.22. The firm has a 50-day moving average price of $78.32 and a 200 day moving average price of $61.08.

Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $845.78 million. During the same period in the previous year, the business earned $0.44 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PSTG shares. Morgan Stanley upped their target price on shares of Pure Storage from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Bank of America upped their price objective on shares of Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Citigroup increased their target price on shares of Pure Storage from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Pure Storage in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their price target on Pure Storage from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Pure Storage currently has an average rating of “Moderate Buy” and an average target price of $83.06.

Insider Transactions at Pure Storage

In other news, insider Ajay Singh sold 7,014 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $85.85, for a total value of $602,151.90. Following the sale, the insider owned 229,307 shares in the company, valued at approximately $19,686,005.95. The trade was a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Dan Fitzsimons sold 6,051 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $87.42, for a total transaction of $528,978.42. Following the completion of the sale, the executive directly owned 62,759 shares in the company, valued at approximately $5,486,391.78. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 743,111 shares of company stock valued at $51,703,009. 5.60% of the stock is owned by insiders.

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.