William Blair Reduces Earnings Estimates for Pure Storage

Pure Storage, Inc. (NYSE:PSTG) – Equities research analysts at William Blair decreased their FY2025 earnings per share (EPS) estimates for Pure Storage in a research report issued to clients and investors on Wednesday, December 4th. William Blair analyst J. Ader now forecasts that the technology company will post earnings per share of $0.45 for the year, down from their previous forecast of $0.47. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. William Blair also issued estimates for Pure Storage’s Q4 2025 earnings at $0.13 EPS and FY2026 earnings at $0.65 EPS.

Other equities analysts also recently issued reports about the company. Oppenheimer initiated coverage on Pure Storage in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $70.00 target price for the company. Stifel Nicolaus lifted their target price on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their target price on Pure Storage from $60.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. UBS Group lifted their target price on Pure Storage from $45.00 to $47.00 and gave the company a “sell” rating in a research note on Wednesday, December 4th. Finally, Citigroup lifted their target price on Pure Storage from $63.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Pure Storage currently has a consensus rating of “Moderate Buy” and an average target price of $72.10.

Pure Storage Stock Down 5.5 %

NYSE:PSTG opened at $60.30 on Monday. The company has a market capitalization of $19.76 billion, a price-to-earnings ratio of 158.66, a price-to-earnings-growth ratio of 7.83 and a beta of 1.13. Pure Storage has a one year low of $32.54 and a one year high of $70.41. The stock has a 50-day simple moving average of $53.31 and a 200 day simple moving average of $56.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 1.77.

Insider Buying and Selling

In other Pure Storage news, CAO Mona Chu sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $50.32, for a total value of $1,258,000.00. Following the transaction, the chief accounting officer now owns 96,639 shares of the company’s stock, valued at approximately $4,862,874.48. This represents a 20.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $49.94, for a total value of $4,994,000.00. Following the completion of the transaction, the insider now directly owns 500,000 shares in the company, valued at $24,970,000. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 454,542 shares of company stock valued at $25,154,030 over the last quarter. Corporate insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PSTG. Franklin Resources Inc. increased 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 buying an additional 1,730,123 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pure Storage by 56.1% in the second quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company’s stock valued at $237,345,000 after buying an additional 1,327,873 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Pure Storage by 22.5% in 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 in the last quarter. State Street Corp grew its position in Pure Storage by 6.5% during the 3rd quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock worth $515,596,000 after purchasing an additional 626,427 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in Pure Storage during the 3rd quarter worth approximately $20,470,000. Institutional investors own 83.42% 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.