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
4% less repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 233
4.4% less ownership
Funds ownership: 85.6% [Q2] → 81.2% (-4.4%) [Q3]
6% less funds holding
Funds holding: 642 [Q2] → 604 (-38) [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: $17.9B [Q2] → $13.4B (-$4.48B) [Q3]
34% less first-time investments, than exits
New positions opened: 75 | Existing positions closed: 113
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
Morgan Stanley Meta Marshall 54% 1-year accuracy 14 / 26 met price target | 12%upside $72 | Equal-Weight Maintained | 17 Dec 2024 |
Citigroup Asiya Merchant 48% 1-year accuracy 13 / 27 met price target | 16%upside $75 | Buy Maintained | 4 Dec 2024 |
UBS David Vogt 45% 1-year accuracy 5 / 11 met price target | 27%downside $47 | Sell Maintained | 4 Dec 2024 |
Evercore ISI Group Amit Daryanani 71% 1-year accuracy 34 / 48 met price target | 16%upside $75 | Outperform Maintained | 4 Dec 2024 |
Stifel Matthew Sheerin 58% 1-year accuracy 15 / 26 met price target | 1%upside $65 | Hold Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 29 articles about PSTG published over the past 30 days
