Northland Capmk Forecasts Stronger Earnings for Pure Storage

Pure Storage, Inc. (NYSE:PSTG) – Research analysts at Northland Capmk raised their FY2025 earnings per share (EPS) estimates for shares of Pure Storage in a report issued on Wednesday, December 4th. Northland Capmk analyst N. Chokshi now expects that the technology company will earn $0.41 per share for the year, up from their previous forecast of $0.36. The consensus estimate for Pure Storage’s current full-year earnings is $0.43 per share. Northland Capmk also issued estimates for Pure Storage’s Q4 2025 earnings at $0.10 EPS, Q1 2026 earnings at $0.02 EPS, Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.14 EPS and FY2026 earnings at $0.58 EPS.

Several other research firms have also issued reports on PSTG. Needham & Company LLC increased their target price on shares of Pure Storage from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Guggenheim lifted their target price on shares of Pure Storage from $72.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Evercore ISI increased their price target on Pure Storage from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Stifel Nicolaus boosted their price objective on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price objective on Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.10.

Pure Storage Stock Performance

Shares of PSTG opened at $64.92 on Monday. Pure Storage has a 52 week low of $31.90 and a 52 week high of $70.41. The company has a quick ratio of 1.96, a current ratio of 1.77 and a debt-to-equity ratio of 0.07. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 170.84, a PEG ratio of 8.87 and a beta of 1.13. The business has a 50-day simple moving average of $53.04 and a two-hundred day simple moving average of $56.81.

Insider Activity

In related news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the completion of the transaction, the insider now owns 500,000 shares in the company, valued at $24,970,000. The trade was a 16.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Dan Fitzsimons sold 8,895 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.67, for a total value of $450,709.65. Following the completion of the transaction, the executive now directly owns 94,446 shares in the company, valued at $4,785,578.82. This trade represents a 8.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 454,542 shares of company stock valued at $25,154,030. 6.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pure Storage

Several large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of Pure Storage by 210.2% in the third quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company’s stock valued at $137,628,000 after purchasing an additional 1,730,123 shares during the period. Bank of New York Mellon Corp grew its position in shares of Pure Storage by 56.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company’s stock worth $237,345,000 after buying an additional 1,327,873 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Pure Storage by 22.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company’s stock valued at $204,163,000 after buying an additional 747,034 shares during the period. State Street Corp raised its holdings in shares of Pure Storage by 6.5% in the third quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock valued at $515,596,000 after acquiring an additional 626,427 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Pure Storage in the third quarter worth about $20,470,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

About Pure Storage

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.