Q1 EPS Estimates for Pure Storage Cut by Zacks Research

Pure Storage, Inc. (NYSE:PSTG) – Investment analysts at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for Pure Storage in a report issued on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the technology company will earn ($0.04) per share for the quarter, down from their prior forecast 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.

PSTG has been the subject of several other research reports. Morgan Stanley raised their target price on shares of Pure Storage from $62.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Stifel Nicolaus boosted their price objective on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Citigroup dropped their target price on Pure Storage from $80.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on Pure Storage from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Bank of America dropped their price target on shares of Pure Storage from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.20.

Pure Storage Trading Up 0.2 %

PSTG opened at $52.96 on Monday. The firm has a 50 day moving average of $61.12 and a two-hundred day moving average of $57.47. The firm has a market capitalization of $17.28 billion, a PE ratio of 139.37, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage has a 12-month low of $44.76 and a 12-month high of $73.67.

Institutional Investors Weigh In On Pure Storage

A number of hedge funds have recently modified their holdings of PSTG. World Investment Advisors raised its stake in Pure Storage by 1.6% during the fourth quarter. World Investment Advisors now owns 9,635 shares of the technology company’s stock worth $592,000 after purchasing an additional 150 shares during the period. Peapack Gladstone Financial Corp increased its holdings in shares of Pure Storage by 2.7% during the 4th quarter. Peapack Gladstone Financial Corp now owns 5,775 shares of the technology company’s stock worth $355,000 after buying an additional 150 shares during the last quarter. HighPoint Advisor Group LLC raised its position in shares of Pure Storage by 2.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 5,885 shares of the technology company’s stock valued at $396,000 after buying an additional 157 shares during the period. Parallel Advisors LLC lifted its holdings in Pure Storage by 1.4% in the fourth quarter. Parallel Advisors LLC now owns 13,271 shares of the technology company’s stock valued at $815,000 after acquiring an additional 186 shares during the last quarter. Finally, Cherry Creek Investment Advisors Inc. grew its position in Pure Storage by 0.3% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 67,232 shares of the technology company’s stock worth $4,130,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Activity at Pure Storage

In other Pure Storage news, insider Ajay Singh sold 19,972 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $61.58, for a total value of $1,229,875.76. Following the completion of the sale, the insider now directly owns 262,144 shares of the company’s stock, valued at $16,142,827.52. This trade represents a 7.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.00% of the stock is owned by corporate insiders.

Pure Storage Company Profile

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.