Radnor Capital Management LLC Has $2.02 Million Position in Pure Storage, Inc. $PSTG

Radnor Capital Management LLC lifted its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 14.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 35,145 shares of the technology company’s stock after purchasing an additional 4,555 shares during the quarter. Radnor Capital Management LLC’s holdings in Pure Storage were worth $2,024,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PSTG. McIlrath & Eck LLC acquired a new position in Pure Storage during the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its position in Pure Storage by 55.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 650 shares of the technology company’s stock valued at $29,000 after purchasing an additional 233 shares during the last quarter. FNY Investment Advisers LLC boosted its position in Pure Storage by 5,233.3% during the first quarter. FNY Investment Advisers LLC now owns 800 shares of the technology company’s stock valued at $35,000 after purchasing an additional 785 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in Pure Storage during the first quarter valued at approximately $38,000. Finally, Nisa Investment Advisors LLC boosted its position in Pure Storage by 35.6% during the first quarter. Nisa Investment Advisors LLC now owns 910 shares of the technology company’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on PSTG shares. Northland Securities increased their price target on Pure Storage from $63.00 to $71.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Lake Street Capital increased their price target on Pure Storage from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Guggenheim reissued a “buy” rating and set a $93.00 price target on shares of Pure Storage in a research report on Thursday, August 28th. Bank of America increased their price target on Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Finally, Barclays increased their price target on Pure Storage from $57.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.39.

Pure Storage Stock Up 0.3%

PSTG opened at $87.02 on Wednesday. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $88.01. The stock has a market cap of $28.44 billion, a price-to-earnings ratio of 212.25, a PEG ratio of 8.11 and a beta of 1.20. The business has a 50 day moving average of $63.98 and a 200-day moving average of $54.85.

Pure Storage (NYSE:PSTG) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $0.43 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $845.78 million. During the same period last year, the firm posted $0.44 earnings per share. The business’s 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. As a group, analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Insider Activity at Pure Storage

In related news, insider Ajay Singh sold 22,601 shares of Pure Storage stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $55.45, for a total transaction of $1,253,225.45. Following the completion of the sale, the insider directly owned 261,465 shares of the company’s stock, valued at approximately $14,498,234.25. This trade represents a 7.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Colgrove sold 198,749 shares of Pure Storage stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $60.32, for a total value of $11,988,539.68. Following the sale, the insider directly owned 500,000 shares of the company’s stock, valued at approximately $30,160,000. The trade was a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 551,360 shares of company stock valued at $33,317,922 in the last 90 days. Corporate insiders own 5.60% of the company’s stock.

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.