Pure Storage FY2026 EPS Forecast Lowered by Northland Capmk

Pure Storage, Inc. (NYSE:PSTG) – Research analysts at Northland Capmk cut their FY2026 earnings estimates for shares of Pure Storage in a note issued to investors on Wednesday, December 3rd. Northland Capmk analyst N. Chokshi now expects that the technology company will earn $0.53 per share for the year, down from their prior estimate of $0.54. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. Northland Capmk also issued estimates for Pure Storage’s Q4 2026 earnings at $0.23 EPS, Q1 2027 earnings at $0.01 EPS, Q2 2027 earnings at $0.08 EPS, Q3 2027 earnings at $0.23 EPS, Q4 2027 earnings at $0.32 EPS and FY2027 earnings at $0.64 EPS.

Pure Storage (NYSE:PSTG) last announced its earnings results on Tuesday, September 9th. The technology company reported $0.44 earnings per share for the quarter. The firm had revenue of $763.77 million for the quarter. Pure Storage had a return on equity of 10.60% and a net margin of 3.74%.

Several other equities research analysts have also issued reports on PSTG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pure Storage in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of Pure Storage from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Wells Fargo & Company lifted their price objective on shares of Pure Storage from $80.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Bank of America increased their target price on shares of Pure Storage from $76.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Finally, Lake Street Capital lifted their price target on shares of Pure Storage from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Thirteen 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 stock. According to data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and an average target price of $95.26.

Pure Storage Trading Down 1.1%

Shares of Pure Storage stock opened at $70.23 on Monday. The business’s fifty day simple moving average is $87.92 and its 200 day simple moving average is $71.82. Pure Storage has a 12 month low of $34.51 and a 12 month high of $100.59. The firm has a market capitalization of $23.08 billion, a P/E ratio of 184.82, a price-to-earnings-growth ratio of 7.94 and a beta of 1.27.

Institutional Trading of Pure Storage

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Pure Storage by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock valued at $2,840,407,000 after buying an additional 623,019 shares in the last quarter. State Street Corp grew its stake in Pure Storage by 1.9% during the third quarter. State Street Corp now owns 10,864,918 shares of the technology company’s stock valued at $910,589,000 after acquiring an additional 199,831 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Pure Storage by 25.9% during 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. Geode Capital Management LLC lifted its stake in Pure Storage by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 7,273,696 shares of the technology company’s stock worth $417,830,000 after purchasing an additional 123,320 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in 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 valued at $283,687,000 after purchasing an additional 2,612,300 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling at Pure Storage

In other news, insider Ajay Singh sold 7,014 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $85.85, for a total value of $602,151.90. Following the completion of the transaction, the insider directly owned 229,307 shares of the company’s stock, valued at $19,686,005.95. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Dan Fitzsimons sold 6,051 shares of Pure Storage stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $87.42, for a total value of $528,978.42. Following the completion of the transaction, the executive owned 62,759 shares of the company’s stock, valued at approximately $5,486,391.78. This trade 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 427,311 shares of company stock valued at $36,629,100 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

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.