Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.72 Million Holdings in Pure Storage, Inc. $PSTG

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Pure Storage, Inc. (NYSE:PSTG) by 1.1% in the second quarter, HoldingsChannel reports. The fund owned 64,600 shares of the technology company’s stock after purchasing an additional 700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Pure Storage were worth $3,720,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PSTG. Mechanics Financial Corp acquired a new stake in Pure Storage in the second quarter valued at approximately $25,000. REAP Financial Group LLC grew its stake in Pure Storage by 49.0% in the second quarter. REAP Financial Group LLC now owns 611 shares of the technology company’s stock valued at $35,000 after acquiring an additional 201 shares during the period. TruNorth Capital Management LLC bought a new position in shares of Pure Storage in the first quarter valued at approximately $38,000. Nisa Investment Advisors LLC lifted its holdings in shares of Pure Storage by 35.6% in 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 in the last quarter. Finally, Ramirez Asset Management Inc. lifted its holdings in shares of Pure Storage by 40.0% in the second quarter. Ramirez Asset Management Inc. now owns 700 shares of the technology company’s stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Pure Storage from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Guggenheim raised their target price on Pure Storage from $93.00 to $105.00 and gave the company a “buy” rating in a report on Friday, September 26th. Wedbush raised their target price on Pure Storage from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Pure Storage in a report on Wednesday, October 8th. Finally, Bank of America raised their target price on Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.56.

Pure Storage Trading Down 0.7%

Shares of Pure Storage stock opened at $96.92 on Friday. The business’s fifty day simple moving average is $84.78 and its 200 day simple moving average is $64.39. The firm has a market capitalization of $31.85 billion, a P/E ratio of 236.40, a price-to-earnings-growth ratio of 8.99 and a beta of 1.22. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $98.23.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, August 27th. The technology company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $861.00 million for the quarter, compared to analyst estimates of $845.78 million. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.Pure Storage’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling at Pure Storage

In related news, insider Ajay Singh sold 7,014 shares of Pure Storage stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total transaction of $602,151.90. Following the sale, the insider directly owned 229,307 shares in the company, valued at approximately $19,686,005.95. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $92.49, for a total value of $9,249,000.00. Following the sale, the insider owned 200,000 shares in the company, valued at $18,498,000. This trade represents a 33.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 343,111 shares of company stock valued at $27,634,439 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

Pure Storage Company 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.