Pure Storage, Inc. $PSTG Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Pure Storage, Inc. (NYSE:PSTG) by 57.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,053 shares of the technology company’s stock after acquiring an additional 9,535 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Pure Storage were worth $1,500,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of Pure Storage by 25.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock worth $401,793,000 after acquiring an additional 1,868,782 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Pure Storage by 112.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock worth $283,687,000 after acquiring an additional 2,612,300 shares during the period. Blair William & Co. IL increased its holdings in shares of Pure Storage by 2.8% in the 1st quarter. Blair William & Co. IL now owns 3,541,445 shares of the technology company’s stock valued at $156,780,000 after purchasing an additional 96,731 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Pure Storage by 0.8% in the 1st quarter. Northern Trust Corp now owns 2,911,591 shares of the technology company’s stock valued at $128,896,000 after purchasing an additional 23,531 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Pure Storage by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,537,264 shares of the technology company’s stock valued at $112,325,000 after purchasing an additional 47,584 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity

In other Pure Storage news, CAO Mona Chu sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $76.51, for a total transaction of $1,338,925.00. Following the sale, the chief accounting officer directly owned 138,899 shares of the company’s stock, valued at $10,627,162.49. This trade represents a 11.19% decrease in their position. The transaction 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 firm’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 sale, the executive directly owned 62,759 shares in the company, valued at $5,486,391.78. This represents a 8.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 541,860 shares of company stock worth $39,622,978 in the last three months. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Piper Sandler set a $92.00 price target on shares of Pure Storage and gave the company an “overweight” rating in a report on Thursday, September 25th. Wall Street Zen upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Bank of America increased their price target on shares of Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, Wedbush increased their price target on shares of Pure Storage from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Pure Storage presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.56.

Pure Storage Trading Down 0.1%

NYSE:PSTG opened at $95.38 on Wednesday. The firm has a 50-day moving average price of $83.12 and a two-hundred day moving average price of $63.77. Pure Storage, Inc. has a twelve month low of $34.51 and a twelve month high of $97.00. The company has a market capitalization of $31.35 billion, a P/E ratio of 232.65, a price-to-earnings-growth ratio of 8.80 and a beta of 1.22.

Pure Storage (NYSE:PSTG) last posted its earnings results on Wednesday, August 27th. The technology company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. Pure Storage had a net margin of 4.15% and a return on equity of 11.34%. The firm had revenue of $861.00 million during the quarter, compared to the consensus estimate of $845.78 million. During the same period last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter 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, equities research analysts predict that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

About Pure Storage

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.