Erste Asset Management GmbH Purchases 135,300 Shares of Pure Storage, Inc. $PSTG

Erste Asset Management GmbH increased its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 38.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,800 shares of the technology company’s stock after acquiring an additional 135,300 shares during the quarter. Erste Asset Management GmbH’s holdings in Pure Storage were worth $40,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Pure Storage by 1.9% in the third quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock worth $2,840,407,000 after purchasing an additional 623,019 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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. Norges Bank purchased a new position in Pure Storage during the 2nd quarter worth $225,203,000. Atreides Management LP acquired a new position in Pure Storage during the 2nd quarter valued at about $204,552,000. Finally, JPMorgan Chase & Co. raised its stake in Pure Storage by 75.0% in the second quarter. JPMorgan Chase & Co. now owns 2,525,955 shares of the technology company’s stock valued at $145,445,000 after buying an additional 1,082,606 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Pure Storage News Roundup

Here are the key news stories impacting Pure Storage this week:

• Positive Sentiment: Q4 beat and strong guidance — PSTG reported its first $1B quarter, revenue up ~20% year/year, adjusted EPS above estimates, and Q1/FY27 revenue guidance ahead of Street expectations; this underpins the re-rating opportunity tied to durable hyperscale momentum. PSTG Beats on Q4 Earnings & Sales
• Positive Sentiment: Strategic rebrand and acquisition — the company rebranded to “Everpure” and announced a deal to buy 1touch to add data discovery/semantic/context/security capabilities, signaling a shift from hardware-centric storage toward data intelligence/AI-enabled services. That strategy can expand addressable market and margin optionality. Everpure Rebrand And 1touch Deal
• Positive Sentiment: Analyst support — Barclays raised its price target to $81 (equal-weight) and Wedbush reiterated an Outperform, providing institutional validation that some firms see upside from the strategic shift and beat. Barclays PT Raise Wedbush Reiterates Outperform
• Neutral Sentiment: Corporate disclosure — company posted the formal press release, slide deck and earnings-call transcript detailing results, RPO growth >40%, and strategy execution; useful for due diligence but not an immediate directional catalyst on its own. Earnings PR Slide Deck
• Negative Sentiment: Conflicting sell-side view — UBS raised its price target modestly to $63 but kept a “sell” rating, which supplies a nearby low anchor for sellers and may amplify downside pressure into the stock. UBS PT Raise
• Negative Sentiment: Valuation/technical headwinds and heavy volume — PSTG trades at a high P/E, sits below its 50- and 200-day moving averages, and is seeing elevated volume today, all of which can accelerate downward moves as investors lock in gains after the earlier post-earnings rally.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PSTG. Oppenheimer started coverage on Pure Storage in a research note on Monday, November 17th. They set an “outperform” rating and a $120.00 price target on the stock. Susquehanna set a $105.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd. Wells Fargo & Company cut their price target on shares of Pure Storage from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday. Tigress Financial set a $105.00 price target on shares of Pure Storage in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Pure Storage from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pure Storage currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.32.

Insider Activity

In related news, insider Ajay Singh sold 7,178 shares of Pure Storage stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total transaction of $481,930.92. Following the completion of the transaction, the insider directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were 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. 5.60% of the stock is owned by company insiders.

Pure Storage Trading Down 10.3%

Shares of NYSE PSTG opened at $66.00 on Friday. The company has a 50 day simple moving average of $70.45 and a two-hundred day simple moving average of $77.44. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 120.00, a PEG ratio of 6.45 and a beta of 1.27. Pure Storage, Inc. has a 12 month low of $34.51 and a 12 month high of $100.59.

Pure Storage (NYSE:PSTG) last issued its earnings results on Tuesday, December 2nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Pure Storage had a net margin of 5.14% and a return on equity of 14.69%. The firm had revenue of $964.45 million during the quarter, compared to analysts’ expectations of $955.60 million. During the same quarter last year, the company posted $0.50 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. Analysts forecast that Pure Storage, Inc. will post 0.44 EPS for the current year.

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.