Mountain Hill Investment Partners Corp. Purchases Shares of 97,090 Pure Storage, Inc. $PSTG

Mountain Hill Investment Partners Corp. purchased a new stake in shares of Pure Storage, Inc. (NYSE:PSTG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 97,090 shares of the technology company’s stock, valued at approximately $5,590,000. Pure Storage accounts for approximately 4.7% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds have also bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its holdings in Pure Storage by 25.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 9,075,944 shares of the technology company’s stock valued at $401,793,000 after purchasing an additional 1,868,782 shares during the period. William Blair Investment Management LLC grew its holdings in Pure Storage by 112.9% during the second quarter. William Blair Investment Management LLC now owns 4,926,836 shares of the technology company’s stock valued at $283,687,000 after purchasing an additional 2,612,300 shares during the period. Blair William & Co. IL grew its holdings in Pure Storage by 2.8% during the first 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 during the period. Northern Trust Corp grew its holdings in Pure Storage by 0.8% during the first 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Pure Storage by 1.9% during the first 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 during the period. Institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mona Chu sold 9,091 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $84.91, for a total value of $771,916.81. Following the sale, the chief accounting officer directly owned 107,353 shares in the company, valued at approximately $9,115,343.23. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Dan Fitzsimons sold 6,051 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $87.42, for a total value of $528,978.42. Following the completion of the sale, the executive 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 343,111 shares of company stock valued at $27,634,439 in the last ninety days. Company insiders own 5.60% of the company’s stock.

Pure Storage Trading Up 1.8%

NYSE:PSTG opened at $98.77 on Friday. The company has a market capitalization of $32.46 billion, a P/E ratio of 240.90, a P/E/G 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 $99.02. The business’s 50-day moving average is $85.59 and its 200 day moving average is $64.95.

Pure Storage (NYSE:PSTG) last posted its 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 company had revenue of $861.00 million for the quarter, compared to the consensus estimate of $845.78 million. Pure Storage had a return on equity of 11.34% and a net margin of 4.15%.The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 earnings per share. Pure Storage has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts forecast that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

PSTG has been the subject of a number of recent analyst reports. Cowen reaffirmed a “buy” rating on shares of Pure Storage in a research note on Thursday, August 28th. Barclays upped their price objective on Pure Storage from $57.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Wedbush upped their price objective on Pure Storage from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Bank of America upped their price objective on Pure Storage from $76.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, Northland Securities upped their price objective on Pure Storage from $63.00 to $71.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Fourteen 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.56.

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.