Pure Storage, Inc. $PSTG Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Pure Storage, Inc. (NYSE:PSTG) by 12.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 307,221 shares of the technology company’s stock after acquiring an additional 35,182 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Pure Storage worth $25,748,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Pure Storage by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock valued at $2,840,407,000 after purchasing an additional 623,019 shares in the last quarter. Geode Capital Management LLC grew its position in Pure Storage by 1.7% during the second quarter. Geode Capital Management LLC now owns 7,273,696 shares of the technology company’s stock worth $417,830,000 after buying an additional 123,320 shares during the period. Norges Bank purchased a new position in Pure Storage in the second quarter valued at about $225,203,000. Atreides Management LP acquired a new stake in shares of Pure Storage during the 2nd quarter valued at approximately $204,552,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Pure Storage by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,525,955 shares of the technology company’s stock worth $145,445,000 after acquiring an additional 1,082,606 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Pure Storage

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

• Positive Sentiment: Q4 results and guidance beat expectations — Pure Storage reported its first $1.06B quarter, non-GAAP EPS of $0.69 (beats) and raised FY27 revenue/profit outlook driven by hyperscaler demand. This underpins near-term growth expectations. Read More.
• Positive Sentiment: Rebrand and strategic M&A — The company rebranded as Everpure and signed a deal to acquire data‑intelligence firm 1touch, signaling a move from hardware-centric storage toward data management/AI capabilities that could expand TAM and gross-margin mix over time. Read More.
• Positive Sentiment: Bullish analyst/takeaway coverage — Several bullish pieces argue Everpure is capitalizing on hyperscaler AI demand, price increases and NAND procurement shifts that should protect margins and support FY27 growth (supporting a “buy” thesis). Read More.
• Neutral Sentiment: Investor presentations and management commentary — Transcripts from Susquehanna and Bernstein conferences and the Q4 earnings call provide detail on product positioning, hyperscaler traction and go‑to‑market; useful for modeling but not immediate catalysts. Read More. Read More.
• Negative Sentiment: Analyst/valuation concerns — Some commentary flags supply strains, pricing pressure in segments, and a high valuation (elevated P/E), which can make the stock sensitive to any execution slips. Zacks notes these risks despite the beat. Read More.
• Negative Sentiment: Mixed analyst ratings — Barclays raised its target to $81 (equal weight) while UBS raised its target to $63 but kept a sell rating; the split shows disagreement on whether rebrand/growth justify the current multiple, contributing to intraday selling. Read More. Read More.

Pure Storage Stock Down 2.8%

PSTG opened at $64.14 on Monday. The firm has a market cap of $21.18 billion, a P/E ratio of 116.61, a PEG ratio of 4.50 and a beta of 1.29. The business’s fifty day simple moving average is $70.35 and its 200 day simple moving average is $77.74. 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 earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Pure Storage had a net margin of 5.14% and a return on equity of 14.36%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Insider Activity at Pure Storage

In related news, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $71.31, for a total value of $7,131,000.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PSTG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pure Storage in a research note on Thursday, January 22nd. UBS Group raised their price target on Pure Storage from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. cut their price target on Pure Storage from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Morgan Stanley set a $83.00 price objective on shares of Pure Storage in a research note on Wednesday, December 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Pure Storage in a report on Wednesday, December 3rd. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.32.

About Pure Storage

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.