OV Management LLC Has $1.46 Million Stock Holdings in Pure Storage, Inc. $PSTG

OV Management LLC raised its position in Pure Storage, Inc. (NYSE:PSTG) by 93.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,465 shares of the technology company’s stock after acquiring an additional 8,448 shares during the period. Pure Storage comprises approximately 1.2% of OV Management LLC’s holdings, making the stock its 11th largest holding. OV Management LLC’s holdings in Pure Storage were worth $1,464,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Winnow Wealth LLC bought a new position in Pure Storage in the third quarter worth $26,000. Assetmark Inc. raised its stake in shares of Pure Storage by 186.6% in the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Pure Storage by 402.8% during the 2nd quarter. True Wealth Design LLC now owns 548 shares of the technology company’s stock worth $32,000 after acquiring an additional 439 shares during the period. SouthState Corp boosted its position in shares of Pure Storage by 474.8% during the 2nd quarter. SouthState Corp now owns 592 shares of the technology company’s stock valued at $34,000 after acquiring an additional 489 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Pure Storage by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Pure Storage Stock Up 8.6%

Shares of NYSE PSTG opened at $73.52 on Thursday. Pure Storage, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59. The firm’s 50-day simple moving average is $70.47 and its 200 day simple moving average is $77.52. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 193.48, a price-to-earnings-growth ratio of 5.94 and a beta of 1.27.

Pure Storage (NYSE:PSTG) last announced 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 company had revenue of $964.45 million during the quarter, compared to the consensus estimate of $955.60 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. On average, equities analysts expect that Pure Storage, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

PSTG has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Pure Storage in a report on Monday. Barclays raised their target price on Pure Storage from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Northland Securities set a $77.00 price target on Pure Storage in a research report on Wednesday, December 3rd. Susquehanna set a $105.00 price objective on Pure Storage in a report on Wednesday, December 3rd. Finally, UBS Group boosted their target price on shares of Pure Storage from $55.00 to $60.00 and gave the company a “sell” rating in a research note on Wednesday, December 3rd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.47.

Key Stories Impacting Pure Storage

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

• Positive Sentiment: Q4 results beat and strong top-line — Pure reported revenue of $1.06B (up ~20% YoY) and adjusted EPS $0.69, topping consensus. Management highlighted >40% growth in Q4 RPO and full‑year revenue above $3.6B, signaling durable demand. Pure Storage’s (NYSE:PSTG) Q4 CY2025 Sales Top Estimates
• Positive Sentiment: Guidance was constructive — Q1 revenue guidance centered near $1.0B (midpoint ~8% above consensus) and FY revenue guidance of ~$4.3–4.4B, which helped markets lift expectations for 2027 growth. Pure Storage surges 7% on strong Q4 results, Q1 guidance
• Positive Sentiment: Corporate rebrand and strategic M&A signal a shift — The company announced a rebrand to “Everpure” and intends to acquire data‑intelligence firm 1touch, positioning management to broaden its data-management narrative beyond hardware/software storage. Investors appear to view this as a growth/strategy catalyst. Why Are Pure Storage (PSTG) Shares Soaring Today
• Neutral Sentiment: Press release and presentation provide detail — The company’s PR and slide deck recap the strong quarter, RPO growth and strategy; useful for modeling but largely confirm the headlines. Everpure Announces Fiscal Fourth Quarter and Full Year 2026 Financial Results
• Neutral Sentiment: Earnings call / transcript and slides available — Analysts and investors will parse the call for customer commentary, product demand, margin drivers and rebrand/integration detail. Everpure (PSTG) Q4 2026 Earnings Call Transcript
• Negative Sentiment: Execution and integration risk from rebrand/M&A — The 1touch acquisition and rebranding introduce integration, execution and messaging risk; results hinge on cross‑sell and successful product positioning. Pure Storage Stock Jumps After Newly Rebranded Everpure Posts Earnings Beat
• Negative Sentiment: Valuation and margin context — PSTG trades at a rich multiple and its GAAP/net margins remain modest, so the stock could be vulnerable to any slowdown, disappointing guidance or longer integration timelines. Pure Storage: Fiscal Q4 Earnings Snapshot

Insiders Place Their Bets

In related news, insider John Colgrove sold 100,000 shares of the firm’s 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 legal filing with the SEC, which is accessible through this link. Also, insider Ajay Singh sold 7,178 shares of the business’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 of the company’s stock, valued at $14,441,209.74. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.60% of the stock is currently owned by company insiders.

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.