Pure StoragePSTG
Market Cap: $14.9B
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 Q2 SEC filings by fund managers ($100M+ AUM)
127% more first-time investments, than exits
New positions opened: 161 | Existing positions closed: 71
70% more call options, than puts
Call options by funds: $228M | Put options by funds: $134M
24% more capital invested
Capital invested by funds: $14.2B [Q1] → $17.6B (+$3.37B) [Q2]
19% more repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 189
16% more funds holding
Funds holding: 546 [Q1] → 636 (+90) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 9 [Q1] → 9 (+0) [Q2]
2.26% less ownership
Funds ownership: 86.5% [Q1] → 84.23% (-2.26%) [Q2]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Lake Street Eric Martinuzzi 8% 1-year accuracy 1 / 12 met price target | 49%upside $68 | Buy Maintained | 29 Aug 2024 |
Northland Capital Markets Nehal Chokshi 56% 1-year accuracy 5 / 9 met price target | 29%upside $59 | Market Perform Reiterated | 29 Aug 2024 |
TD Cowen Krish Sankar 19% 1-year accuracy 4 / 21 met price target | 53%upside $70 | Buy Maintained | 29 Aug 2024 |
Citigroup Asiya Merchant 39% 1-year accuracy 9 / 23 met price target | 47%upside $67 | Buy Maintained | 29 Aug 2024 |
Stifel Matthew Sheerin 36% 1-year accuracy 8 / 22 met price target | 31%upside $60 | Hold Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 23 articles about PSTG published over the past 30 days