Intech Investment Management LLC Has $3.48 Million Holdings in Pure Storage, Inc. $PSTG

Intech Investment Management LLC lessened its position in Pure Storage, Inc. (NYSE:PSTG) by 32.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,505 shares of the technology company’s stock after selling 19,534 shares during the quarter. Intech Investment Management LLC’s holdings in Pure Storage were worth $3,479,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S increased its stake in Pure Storage by 96.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the technology company’s stock valued at $2,612,000 after acquiring an additional 15,286 shares during the period. AlTi Global Inc. bought a new stake in shares of Pure Storage in the 3rd quarter worth approximately $2,517,000. Merit Financial Group LLC grew its holdings in shares of Pure Storage by 145.6% during the 3rd quarter. Merit Financial Group LLC now owns 25,943 shares of the technology company’s stock worth $2,174,000 after purchasing an additional 15,382 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of Pure Storage during the third quarter valued at approximately $1,653,000. Finally, RBA Wealth Management LLC bought a new stake in shares of Pure Storage during the third quarter valued at approximately $5,964,000. 83.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $71.31, for a total value of $7,131,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ajay Singh sold 7,178 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the sale, the insider owned 215,091 shares in the company, valued at $14,441,209.74. The trade was a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.60% of the stock is owned by corporate insiders.

Key Pure Storage News

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

• Positive Sentiment: Q4 results and guidance beat expectations — Pure Storage reported its first $1.06B quarter, non-GAAP EPS of $0.69 (beats) and raised FY27 revenue/profit outlook driven by hyperscaler demand. This underpins near-term growth expectations. Read More.
• Positive Sentiment: Rebrand and strategic M&A — The company rebranded as Everpure and signed a deal to acquire data‑intelligence firm 1touch, signaling a move from hardware-centric storage toward data management/AI capabilities that could expand TAM and gross-margin mix over time. Read More.
• Positive Sentiment: Bullish analyst/takeaway coverage — Several bullish pieces argue Everpure is capitalizing on hyperscaler AI demand, price increases and NAND procurement shifts that should protect margins and support FY27 growth (supporting a “buy” thesis). Read More.
• Neutral Sentiment: Investor presentations and management commentary — Transcripts from Susquehanna and Bernstein conferences and the Q4 earnings call provide detail on product positioning, hyperscaler traction and go‑to‑market; useful for modeling but not immediate catalysts. Read More. Read More.
• Negative Sentiment: Analyst/valuation concerns — Some commentary flags supply strains, pricing pressure in segments, and a high valuation (elevated P/E), which can make the stock sensitive to any execution slips. Zacks notes these risks despite the beat. Read More.
• Negative Sentiment: Mixed analyst ratings — Barclays raised its target to $81 (equal weight) while UBS raised its target to $63 but kept a sell rating; the split shows disagreement on whether rebrand/growth justify the current multiple, contributing to intraday selling. Read More. Read More.

Pure Storage Stock Performance

PSTG opened at $64.14 on Monday. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 116.61, a PEG ratio of 4.50 and a beta of 1.29. The firm’s 50-day simple moving average is $70.35 and its 200-day simple moving average is $77.74. Pure Storage, Inc. has a twelve month low of $34.51 and a twelve month high of $100.59.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Pure Storage had a net margin of 5.14% and a return on equity of 14.36%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, sell-side analysts anticipate that Pure Storage, Inc. will post 0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on PSTG shares. Morgan Stanley set a $83.00 target price on Pure Storage in a research report on Wednesday, December 3rd. Barclays raised their price objective on shares of Pure Storage from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday. Susquehanna set a $105.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Pure Storage in a research note on Wednesday, December 3rd. Finally, Wall Street Zen upgraded shares of Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Twelve 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. According to MarketBeat, Pure Storage currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.32.

About Pure Storage

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.