Pure StoragePSTG
About: Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Employees: 5,600
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
82% more call options, than puts
Call options by funds: $189M | Put options by funds: $103M
3% less repeat investments, than reductions
Existing positions increased: 223 | Existing positions reduced: 231
4.3% less ownership
Funds ownership: 85.49% [Q2] → 81.19% (-4.3%) [Q3]
7% less funds holding
Funds holding: 641 [Q2] → 598 (-43) [Q3]
22% less funds holding in top 10
Funds holding in top 10: 9 [Q2] → 7 (-2) [Q3]
25% less capital invested
Capital invested by funds: $17.8B [Q2] → $13.4B (-$4.48B) [Q3]
36% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 118
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Citigroup Asiya Merchant 43% 1-year accuracy 10 / 23 met price target | 26%upside $63 | Buy Maintained | 19 Nov 2024 |
Oppenheimer Param Singh 0% 1-year accuracy 0 / 3 met price target | 40%upside $70 | Outperform Initiated | 13 Nov 2024 |
Guggenheim Howard Ma 45% 1-year accuracy 5 / 11 met price target | 86%upside $93 | Buy Maintained | 17 Oct 2024 |
Lake Street Eric Martinuzzi 42% 1-year accuracy 5 / 12 met price target | 36%upside $68 | Buy Maintained | 29 Aug 2024 |
Northland Capital Markets Nehal Chokshi 78% 1-year accuracy 7 / 9 met price target | 18%upside $59 | Market Perform Reiterated | 29 Aug 2024 |
Financial journalist opinion
Based on 16 articles about PSTG published over the past 30 days
