Semanteon Capital Management LP Makes New Investment in Pure Storage, Inc. $PSTG

Semanteon Capital Management LP bought a new stake in Pure Storage, Inc. (NYSE:PSTG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,833 shares of the technology company’s stock, valued at approximately $573,000. Pure Storage comprises approximately 0.7% of Semanteon Capital Management LP’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSTG. Norges Bank purchased a new position in Pure Storage in the second quarter valued at approximately $225,203,000. Atreides Management LP bought a new stake in shares of Pure Storage in the second quarter valued at $204,552,000. Federated Hermes Inc. raised its stake in shares of Pure Storage by 1,560.9% in the second quarter. Federated Hermes Inc. now owns 1,343,658 shares of the technology company’s stock valued at $77,368,000 after buying an additional 1,262,758 shares during the period. AQR Capital Management LLC lifted its position in shares of Pure Storage by 158.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the technology company’s stock valued at $110,473,000 after buying an additional 1,188,126 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Pure Storage by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,525,955 shares of the technology company’s stock worth $145,445,000 after acquiring an additional 1,082,606 shares during the period. 83.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Pure Storage

In related news, insider John Colgrove sold 100,000 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ajay Singh sold 7,178 shares of Pure Storage stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total value of $481,930.92. Following the sale, the insider directly owned 215,091 shares of the company’s stock, valued at $14,441,209.74. This represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

PSTG has been the topic of a number of research reports. Wall Street Zen upgraded Pure Storage from a “hold” rating to a “buy” rating in a research note on Saturday. Oppenheimer initiated coverage on shares of Pure Storage in a research note on Monday, November 17th. They issued an “outperform” rating and a $120.00 target price for the company. Tigress Financial set a $105.00 price target on shares of Pure Storage in a research report on Wednesday, December 3rd. Northland Securities set a $77.00 price objective on shares of Pure Storage in a report on Wednesday, December 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Pure Storage in a research note on Wednesday, December 3rd. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.47.

Pure Storage Trading Up 0.5%

PSTG stock opened at $73.93 on Friday. The firm has a 50 day moving average of $70.39 and a 200-day moving average of $77.27. The firm has a market capitalization of $24.41 billion, a P/E ratio of 194.54, a price-to-earnings-growth ratio of 5.77 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 posted its earnings results on Tuesday, December 2nd. The technology company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%. The business had revenue of $964.45 million for the quarter, compared to analyst estimates of $955.60 million. During the same quarter in the prior year, the firm posted $0.50 EPS. Pure Storage’s revenue was up 16.1% on a year-over-year basis. Sell-side analysts predict that Pure Storage, Inc. will post 0.44 EPS for the current year.

Pure Storage News Summary

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

• Positive Sentiment: AI-driven flash demand is boosting margins and the company raised its FY26 revenue outlook to $3.63–$3.64B, driven by hyperscaler wins and a stronger flash portfolio — a clear fundamental tailwind for revenue and margin expansion. How Pure Storage’s Flash Portfolio is Becoming Its Margin Multiplier
• Positive Sentiment: Market reaction: multiple headlines note Pure Storage shares have gained as broader markets dipped, reflecting favorable investor response to recent product/margin news and sentiment ahead of earnings. Pure Storage (PSTG) Gains As Market Dips: What You Should Know
• Neutral Sentiment: Earnings preview: Wall Street expects EPS growth for the upcoming report, but one preview flags PSTG may not have the ideal setup for an earnings beat — expectations and execution will be scrutinized next week. Pure Storage (PSTG) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Analyst previews offer deeper KPI expectations (revenue mix, gross margins, AI-specific bookings) ahead of the quarter-end January results — these line-item metrics could swing sentiment independent of headline EPS. Gear Up for Pure Storage (PSTG) Q4 Earnings: Wall Street Estimates for Key Metrics
• Neutral Sentiment: Competitive positioning: comparative analyses with NetApp highlight diverging growth, guidance and valuations as both vie for AI-storage demand — market-share and product wins vs. peers will be watched. Pure Storage vs. NetApp: Which Data Storage Stock Is the Better Pick?
• Negative Sentiment: Analyst action: Citigroup cut its price target to $90, which may cap upside in the near term and signals some analyst caution on valuation vs. growth assumptions. Citigroup Lowers Pure Storage (NYSE:PSTG) Price Target to $90.00
• Negative Sentiment: Valuation concerns: commentary calling PSTG an “expensive certainty” underscores that while the business quality is acknowledged, high multiples could make the stock sensitive to any growth or guidance disappointment. Pure Storage: Quality Business, Expensive Certainty

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.