PSTG icon

Pure Storage

69.71 USD
-0.25
0.36%
At close Feb 6, 4:00 PM EST
After hours
69.27
-0.44
0.63%
1 day
-0.36%
5 days
0.36%
1 month
7.99%
3 months
28.93%
6 months
29.48%
Year to date
11.55%
1 year
67.25%
5 years
269.42%
10 years
335.42%
 

About: Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

Employees: 5,600

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 12 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

83% more call options, than puts

Call options by funds: $189M | Put options by funds: $103M

4% less repeat investments, than reductions

Existing positions increased: 224 | Existing positions reduced: 233

4.46% less ownership

Funds ownership: 86.3% [Q2] → 81.84% (-4.46%) [Q3]

6% less funds holding

Funds holding: 643 [Q2] → 604 (-39) [Q3]

22% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 7 (-2) [Q3]

25% less capital invested

Capital invested by funds: $18B [Q2] → $13.5B (-$4.53B) [Q3]

28% less first-time investments, than exits

New positions opened: 75 | Existing positions closed: 104

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$47
33%
downside
Avg. target
$69
1%
downside
High target
$76
9%
upside

12 analyst ratings

positive
58%
neutral
33%
negative
8%
Morgan Stanley
Meta Marshall
73% 1-year accuracy
19 / 26 met price target
3%upside
$72
Equal-Weight
Maintained
17 Dec 2024
Citigroup
Asiya Merchant
40% 1-year accuracy
12 / 30 met price target
8%upside
$75
Buy
Maintained
4 Dec 2024
UBS
David Vogt
31% 1-year accuracy
4 / 13 met price target
33%downside
$47
Sell
Maintained
4 Dec 2024
Evercore ISI Group
Amit Daryanani
65% 1-year accuracy
33 / 51 met price target
8%upside
$75
Outperform
Maintained
4 Dec 2024
Stifel
Matthew Sheerin
58% 1-year accuracy
15 / 26 met price target
7%downside
$65
Hold
Maintained
4 Dec 2024

Financial journalist opinion

Based on 18 articles about PSTG published over the past 30 days

Neutral
Zacks Investment Research
10 hours ago
Pure Storage (PSTG) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Pure Storage (PSTG) closed at $69.71, marking a -0.36% move from the previous day.
Pure Storage (PSTG) Stock Declines While Market Improves: Some Information for Investors
Neutral
PRNewsWire
1 day ago
Pure Storage Announces Date and Conference Call Information for Fiscal Fourth Quarter and Full Year 2025 Financial Results
SANTA CLARA, Calif. , Feb. 5, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, February 26 at 2:00 p.m.
Pure Storage Announces Date and Conference Call Information for Fiscal Fourth Quarter and Full Year 2025 Financial Results
Positive
Zacks Investment Research
1 day ago
Pure Storage (PSTG) Crossed Above the 20-Day Moving Average: What That Means for Investors
Pure Storage (PSTG) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PSTG broke through the 20-day moving average, which suggests a short-term bullish trend.
Pure Storage (PSTG) Crossed Above the 20-Day Moving Average: What That Means for Investors
Positive
Zacks Investment Research
1 day ago
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Pure Storage (PSTG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
Neutral
PRNewsWire
1 day ago
Pure Storage Revamps Reseller Partner Program to Accelerate Partner Path to Profitability and Growth
Updated program enhances growth opportunities for partners, enabling them to accelerate customers' transition to the Pure Storage Platform SANTA CLARA, Calif. , Feb. 5, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today unveiled an updated Reseller Partner Program designed to significantly increase the profitability opportunity for partners by enabling them to lead customers to successful data storage transformation and superior business outcomes.
Pure Storage Revamps Reseller Partner Program to Accelerate Partner Path to Profitability and Growth
Neutral
Zacks Investment Research
6 days ago
Pure Storage (PSTG) Falls More Steeply Than Broader Market: What Investors Need to Know
In the closing of the recent trading day, Pure Storage (PSTG) stood at $67.79, denoting a -0.86% change from the preceding trading day.
Pure Storage (PSTG) Falls More Steeply Than Broader Market: What Investors Need to Know
Neutral
Zacks Investment Research
1 week ago
Pure Storage (PSTG) Laps the Stock Market: Here's Why
Pure Storage (PSTG) closed at $68.38 in the latest trading session, marking a +1.09% move from the prior day.
Pure Storage (PSTG) Laps the Stock Market: Here's Why
Positive
The Motley Fool
1 week ago
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood bounced back in 2024. The growth investor who rocked the world in 2020 with her market-thumping returns at Ark Invest has proved to be mortal in subsequent years.
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Negative
Zacks Investment Research
1 week ago
Pure Storage (PSTG) Suffers a Larger Drop Than the General Market: Key Insights
Pure Storage (PSTG) closed the most recent trading day at $72.15, moving -0.3% from the previous trading session.
Pure Storage (PSTG) Suffers a Larger Drop Than the General Market: Key Insights
Positive
Zacks Investment Research
2 weeks ago
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
Pure Storage (PSTG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
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