Pure Storage, Inc. Expected to Post Q2 2025 Earnings of $0.13 Per Share (NYSE:PSTG)

Pure Storage, Inc. (NYSE:PSTG) – Research analysts at Zacks Research increased their Q2 2025 earnings per share (EPS) estimates for Pure Storage in a report released on Thursday, August 1st. Zacks Research analyst R. Department now forecasts that the technology company will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.12. The consensus estimate for Pure Storage’s current full-year earnings is $0.47 per share. Zacks Research also issued estimates for Pure Storage’s Q2 2027 earnings at $0.14 EPS.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. Pure Storage had a return on equity of 15.34% and a net margin of 3.19%. The firm had revenue of $693.48 million for the quarter, compared to analysts’ expectations of $681.37 million.

Several other research firms have also recently weighed in on PSTG. Evercore ISI raised their price objective on shares of Pure Storage from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Northland Securities lowered Pure Storage from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $58.00 to $68.00 in a research note on Thursday, May 30th. KeyCorp upped their price objective on Pure Storage from $64.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Barclays raised their price objective on Pure Storage from $51.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Finally, Stifel Nicolaus upped their target price on Pure Storage from $46.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and a consensus price target of $69.11.

Pure Storage Trading Up 1.8 %

Shares of Pure Storage stock opened at $53.83 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.96. Pure Storage has a 1 year low of $31.00 and a 1 year high of $70.41. The firm has a market cap of $17.51 billion, a PE ratio of 192.25, a PEG ratio of 5.47 and a beta of 1.11. The company has a 50 day simple moving average of $62.88 and a two-hundred day simple moving average of $54.56.

Hedge Funds Weigh In On Pure Storage

Institutional investors have recently added to or reduced their stakes in the company. Napean Trading & Investment Co Singapore PTE Ltd lifted its holdings in shares of Pure Storage by 88.9% during the second quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 165,270 shares of the technology company’s stock valued at $10,612,000 after purchasing an additional 77,760 shares during the last quarter. EFG Asset Management Americas Corp. increased its position in Pure Storage by 73.8% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 28,400 shares of the technology company’s stock valued at $1,824,000 after buying an additional 12,060 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in Pure Storage by 17.1% during the second quarter. Arcadia Investment Management Corp MI now owns 45,835 shares of the technology company’s stock valued at $2,943,000 after buying an additional 6,695 shares during the last quarter. Arizona State Retirement System boosted its holdings in Pure Storage by 2.8% in the second quarter. Arizona State Retirement System now owns 84,789 shares of the technology company’s stock worth $5,444,000 after acquiring an additional 2,294 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Pure Storage by 41.2% in the second quarter. Victory Capital Management Inc. now owns 215,492 shares of the technology company’s stock worth $13,837,000 after acquiring an additional 62,830 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Insider Activity

In related news, Director Mallun Yen sold 4,818 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $64.78, for a total value of $312,110.04. Following the completion of the sale, the director now owns 35,498 shares of the company’s stock, valued at $2,299,560.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mallun Yen sold 4,818 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $64.78, for a total value of $312,110.04. Following the completion of the transaction, the director now directly owns 35,498 shares of the company’s stock, valued at $2,299,560.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $59.50, for a total value of $5,950,000.00. Following the sale, the insider now directly owns 900,000 shares in the company, valued at $53,550,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,114 shares of company stock valued at $7,174,052. Company insiders own 6.00% of the company’s stock.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.