Brokers Offer Predictions for Pure Storage, Inc.’s Q3 2026 Earnings (NYSE:PSTG)

Pure Storage, Inc. (NYSE:PSTG) – Stock analysts at Northland Capmk lowered their Q3 2026 earnings per share (EPS) estimates for shares of Pure Storage in a research note issued to investors on Thursday, August 29th. Northland Capmk analyst N. Chokshi now expects that the technology company will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.21. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Pure Storage’s current full-year earnings is $0.45 per share.

Several other brokerages have also recently weighed in on PSTG. Raymond James dropped their price objective on Pure Storage from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen dropped their price target on shares of Pure Storage from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday. Guggenheim reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Pure Storage in a research note on Tuesday, June 25th. Wedbush reiterated an “outperform” rating and set a $80.00 target price on shares of Pure Storage in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on Pure Storage from $50.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pure Storage currently has an average rating of “Moderate Buy” and a consensus target price of $66.95.

Pure Storage Trading Up 1.9 %

Shares of PSTG opened at $51.29 on Monday. The stock’s fifty day simple moving average is $60.47 and its 200-day simple moving average is $56.67. The firm has a market capitalization of $16.68 billion, a PE ratio of 183.18, a price-to-earnings-growth ratio of 5.40 and a beta of 1.11. Pure Storage has a 12-month low of $31.00 and a 12-month high of $70.41. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Pure Storage

Large investors have recently modified their holdings of the business. Truist Financial Corp boosted its holdings in shares of Pure Storage by 10.0% in the 4th quarter. Truist Financial Corp now owns 9,141 shares of the technology company’s stock valued at $326,000 after buying an additional 830 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Pure Storage by 19.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,406 shares of the technology company’s stock valued at $264,000 after acquiring an additional 1,226 shares during the period. Amalgamated Bank increased its stake in shares of Pure Storage by 9.4% during the 4th quarter. Amalgamated Bank now owns 74,235 shares of the technology company’s stock worth $2,647,000 after purchasing an additional 6,361 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Pure Storage by 44.1% in the 4th quarter. Private Advisor Group LLC now owns 11,235 shares of the technology company’s stock valued at $401,000 after purchasing an additional 3,437 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Pure Storage by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,946,321 shares of the technology company’s stock valued at $69,406,000 after purchasing an additional 98,453 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pure Storage

In other Pure Storage news, Director Mallun Yen sold 4,818 shares of Pure Storage stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $64.78, for a total value of $312,110.04. Following the sale, the director now owns 35,498 shares of the company’s stock, valued at approximately $2,299,560.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Pure Storage news, Director Mallun Yen sold 4,818 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $64.78, for a total transaction of $312,110.04. Following the completion of the transaction, the director now owns 35,498 shares of the company’s stock, valued at approximately $2,299,560.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Dan Fitzsimons sold 9,881 shares of Pure Storage stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $59.32, for a total transaction of $586,140.92. Following the completion of the sale, the executive now owns 115,601 shares in the company, valued at $6,857,451.32. The disclosure for this sale can be found here. Insiders sold 328,995 shares of company stock valued at $19,175,193 over the last quarter. Corporate insiders own 6.00% of the company’s stock.

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.