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 Q4 regulatory filings by fund managers ($100M+ AUM)
72% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 68
24% more capital invested
Capital invested by funds: $13.5B [Q3] → $16.8B (+$3.28B) [Q4]
17% more repeat investments, than reductions
Existing positions increased: 234 | Existing positions reduced: 200
14% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]
3% more funds holding
Funds holding: 605 [Q3] → 625 (+20) [Q4]
1.76% more ownership
Funds ownership: 81.84% [Q3] → 83.6% (+1.76%) [Q4]
8% more call options, than puts
Call options by funds: $249M | Put options by funds: $231M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Citigroup Asiya Merchant 59% 1-year accuracy 19 / 32 met price target | 23%upside $80 | Buy Maintained | 21 Feb 2025 |
Morgan Stanley Meta Marshall 70% 1-year accuracy 19 / 27 met price target | 11%upside $72 | Equal-Weight Maintained | 17 Dec 2024 |
UBS David Vogt 42% 1-year accuracy 5 / 12 met price target | 28%downside $47 | Sell Maintained | 4 Dec 2024 |
Evercore ISI Group Amit Daryanani 72% 1-year accuracy 36 / 50 met price target | 15%upside $75 | Outperform Maintained | 4 Dec 2024 |
Stifel Matthew Sheerin 72% 1-year accuracy 21 / 29 met price target | 0%downside $65 | Hold Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 14 articles about PSTG published over the past 30 days
