Zacks Research Forecasts Reduced Earnings for Pure Storage

Pure Storage, Inc. (NYSE:PSTG) – Stock analysts at Zacks Research lowered their Q1 2026 EPS estimates for Pure Storage in a research report issued on Wednesday, March 19th. Zacks Research analyst R. Department now expects that the technology company will earn ($0.04) per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. Zacks Research also issued estimates for Pure Storage’s Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.17 EPS, Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $0.43 EPS, Q1 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.21 EPS, Q4 2027 earnings at $0.26 EPS and FY2027 earnings at $0.64 EPS.

Several other equities analysts have also issued reports on PSTG. JPMorgan Chase & Co. lifted their price target on shares of Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on Pure Storage from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Piper Sandler upgraded Pure Storage from a “neutral” rating to an “overweight” rating and increased their price target for the company from $56.00 to $76.00 in a research note on Wednesday, December 4th. Stifel Nicolaus raised their price target on Pure Storage from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Northland Securities restated a “market perform” rating and set a $63.00 price objective (up previously from $59.00) on shares of Pure Storage in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and an average target price of $73.20.

Pure Storage Stock Up 3.4 %

NYSE PSTG opened at $52.89 on Monday. Pure Storage has a 52 week low of $44.76 and a 52 week high of $73.67. The company has a 50 day moving average price of $61.33 and a 200 day moving average price of $57.42. The firm has a market cap of $17.25 billion, a PE ratio of 139.19, a price-to-earnings-growth ratio of 5.12 and a beta of 1.09.

Insider Transactions at Pure Storage

In other news, insider Ajay Singh sold 19,972 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total transaction of $1,229,875.76. Following the sale, the insider now directly owns 262,144 shares of the company’s stock, valued at $16,142,827.52. This represents a 7.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.00% of the company’s stock.

Institutional Trading of Pure Storage

A number of institutional investors and hedge funds have recently modified their holdings of PSTG. FMR LLC boosted its holdings in Pure Storage by 0.8% in the 3rd quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock worth $2,469,487,000 after buying an additional 368,643 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Pure Storage by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 33,443,732 shares of the technology company’s stock worth $2,054,448,000 after purchasing an additional 615,931 shares in the last quarter. State Street Corp raised its stake in Pure Storage by 6.5% in the 3rd quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock valued at $515,596,000 after purchasing an additional 626,427 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Pure Storage by 5.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,207,162 shares of the technology company’s stock valued at $442,736,000 after purchasing an additional 401,035 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Pure Storage by 25.4% in the 4th quarter. Geode Capital Management LLC now owns 6,748,553 shares of the technology company’s stock valued at $413,982,000 after purchasing an additional 1,366,458 shares in the last quarter. Hedge funds and other 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.