Pure Storage, Inc. $PSTG Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its position in shares of Pure Storage, Inc. (NYSE:PSTG) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,666,892 shares of the technology company’s stock after selling 259,944 shares during the period. Pure Storage makes up about 1.0% of William Blair Investment Management LLC’s holdings, making the stock its 15th largest holding. William Blair Investment Management LLC owned about 1.42% of Pure Storage worth $391,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PSTG. Norges Bank acquired a new position in Pure Storage during the 2nd quarter worth about $225,203,000. Atreides Management LP acquired a new position in Pure Storage in the 2nd quarter valued at about $204,552,000. Federated Hermes Inc. increased its stake in Pure Storage by 1,560.9% during the second quarter. Federated Hermes Inc. now owns 1,343,658 shares of the technology company’s stock worth $77,368,000 after purchasing 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 second quarter. AQR Capital Management LLC now owns 1,938,125 shares of the technology company’s stock worth $110,473,000 after purchasing an additional 1,188,126 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 1,082,606 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Pure Storage News Summary

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.

Insider Activity

In other news, insider John Colgrove sold 100,000 shares of the stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction dated 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 directly owned 215,091 shares in the company, valued at $14,441,209.74. This trade 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.

Pure Storage Trading Down 2.8%

Shares of NYSE:PSTG opened at $64.14 on Friday. Pure Storage, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59. The company’s 50 day moving average is $70.35 and its two-hundred day moving average is $77.61. The company has a market cap of $21.18 billion, a PE ratio of 116.61, a P/E/G ratio of 5.63 and a beta of 1.27.

Pure Storage (NYSE:PSTG) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pure Storage had a net margin of 5.14% and a return on equity of 14.69%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

PSTG has been the topic of several recent research reports. Morgan Stanley set a $83.00 target price on shares of Pure Storage in a research note on Wednesday, December 3rd. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Pure Storage in a research report on Monday, February 23rd. Wells Fargo & Company cut their price objective on Pure Storage from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday. TD Cowen reiterated a “buy” rating on shares of Pure Storage in a research note on Wednesday, December 3rd. Finally, UBS Group lifted their target price on Pure Storage from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.32.

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.