Raiffeisen Bank International AG Has $32.48 Million Position in Pure Storage, Inc. $PSTG

Raiffeisen Bank International AG reduced its stake in shares of Pure Storage, Inc. (NYSE:PSTG) by 39.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 391,710 shares of the technology company’s stock after selling 254,763 shares during the period. Raiffeisen Bank International AG owned approximately 0.12% of Pure Storage worth $32,477,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PSTG. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Pure Storage by 96.3% in the 3rd 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. acquired a new stake in Pure Storage in the 3rd quarter valued at about $2,517,000. Merit Financial Group LLC grew its holdings in Pure Storage by 145.6% during the third 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 during the period. Oak Thistle LLC acquired a new position in Pure Storage during the third quarter worth approximately $1,653,000. Finally, RBA Wealth Management LLC acquired a new position in Pure Storage during the third quarter worth approximately $5,964,000. Institutional investors own 83.42% of the company’s stock.

Pure Storage Stock Up 0.5%

Shares of PSTG opened at $73.93 on Friday. The business has a 50-day simple moving average of $70.39 and a two-hundred day simple moving average of $77.12. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59. The stock has a market cap of $24.41 billion, a PE ratio of 194.54, a PEG ratio of 5.74 and a beta of 1.27.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings data on Tuesday, December 2nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $955.60 million. During the same quarter last year, the business earned $0.50 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. On average, equities research analysts expect that Pure Storage, Inc. will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PSTG. Wedbush raised their price objective on Pure Storage from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Susquehanna set a $105.00 price target on Pure Storage in a report on Wednesday, December 3rd. UBS Group increased their price objective on Pure Storage from $55.00 to $60.00 and gave the stock a “sell” rating in a research report on Wednesday, December 3rd. Northland Securities set a $77.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd. Finally, Barclays lifted their price objective on shares of Pure Storage from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Pure Storage currently has an average rating of “Moderate Buy” and an average price target of $94.47.

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

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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ajay Singh sold 7,178 shares of Pure Storage stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.60% of the company’s stock.

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.