TD Asset Management Inc Reduces Stock Position in Pure Storage, Inc. $PSTG

TD Asset Management Inc reduced its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 538,145 shares of the technology company’s stock after selling 154,870 shares during the period. TD Asset Management Inc owned 0.16% of Pure Storage worth $45,102,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in Pure Storage during the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Pure Storage by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock worth $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pure Storage by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock worth $50,377,000 after buying an additional 595,307 shares during the period. Empowered Funds LLC boosted its holdings in Pure Storage by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock valued at $212,000 after acquiring an additional 194 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Pure Storage in the second quarter valued at $316,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PSTG has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Pure Storage from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Pure Storage in a research report on Monday, February 23rd. Lake Street Capital raised their price target on shares of Pure Storage from $80.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Oppenheimer assumed coverage on shares of Pure Storage in a research report on Monday, November 17th. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pure Storage in a research report on Thursday, January 22nd. Twelve 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.32.

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 transaction, the insider owned 215,091 shares in the company, valued at $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $71.31, for a total value 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.

Pure Storage Stock Down 2.8%

Shares of PSTG stock opened at $64.14 on Friday. The business has a 50 day moving average of $70.35 and a two-hundred day moving average of $77.49. The company has a market cap of $21.18 billion, a P/E ratio of 116.61, a PEG ratio of 5.78 and a beta of 1.27. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59.

Pure Storage (NYSE:PSTG) last posted 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 return on equity of 14.69% and a net margin of 5.14%.The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Key Pure Storage News

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 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.