Pure Storage (PSTG)

• Market cap: $14.7B
• 1 day: 1.85%
• 5 days: -14.84%
• 1 month: -8.78%
• 3 months: -27.84%
• 6 months: -7.55%
• Year to date: -27.84%
• 1 year: -13.39%
• 5 years: 300.80%
• 10 years: 181.64%
• Sector: Information Technology
• Industry: Computer Storage Devices

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

85% more first-time investments, than exits

New positions opened: 126 | Existing positions closed: 68

25% more capital invested

Capital invested by funds: $13.5B [Q3] → $16.8B (+$3.35B) [Q4]

16% more repeat investments, than reductions

Existing positions increased: 237 | Existing positions reduced: 205

14% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]

7% more funds holding

Funds holding: 606 [Q3] → 647 (+41) [Q4]

2.15% more ownership

Funds ownership: 81.64% [Q3] → 83.79% (+2.15%) [Q4]

8% more call options, than puts

Call options by funds: $250M | Put options by funds: $232M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $50 11% upside
• Avg. target: $69 52% upside
• High target: $77 71% upside

4 analyst ratings

• positive: 2 50%
• neutral: 1 25%
• negative: 1 25%

Citigroup Asiya Merchant 12% 1-year accuracy 4 / 34 met price target	71% upside $77	Buy Maintained	27 Feb 2025
UBS David Vogt 33% 1-year accuracy 5 / 15 met price target	11% upside $50	Sell Maintained	27 Feb 2025
B of A Securities Wamsi Mohan 60% 1-year accuracy 51 / 85 met price target	62% upside $73	Neutral Maintained	27 Feb 2025
Needham Mike Cikos 29% 1-year accuracy 30 / 105 met price target	66% upside $75	Buy Reiterated	27 Feb 2025