Zacks Research Expects Reduced Earnings for Pure Storage

Pure Storage, Inc. (NYSE:PSTG) – Research analysts at Zacks Research reduced their Q1 2026 earnings per share estimates for shares of Pure Storage in a report released on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the technology company will post earnings of ($0.04) per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. Zacks Research also issued estimates for Pure Storage’s Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.17 EPS, Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $0.43 EPS, Q1 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.21 EPS, Q4 2027 earnings at $0.26 EPS and FY2027 earnings at $0.64 EPS.

A number of other brokerages also recently issued reports on PSTG. Northland Securities reaffirmed a “market perform” rating and issued a $63.00 target price (up from $59.00) on shares of Pure Storage in a research note on Wednesday, December 4th. TD Cowen raised their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of Pure Storage from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. UBS Group increased their price target on shares of Pure Storage from $47.00 to $50.00 and gave the company a “sell” rating in a research note on Thursday, February 27th. Finally, Barclays lifted their price target on shares of Pure Storage from $56.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Pure Storage presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.20.

Pure Storage Stock Performance

NYSE:PSTG opened at $52.89 on Monday. The stock has a 50 day moving average price of $61.33 and a 200 day moving average price of $57.42. The stock has a market cap of $17.25 billion, a PE ratio of 139.19, a P/E/G ratio of 5.12 and a beta of 1.09. Pure Storage has a one year low of $44.76 and a one year high of $73.67.

Hedge Funds Weigh In On Pure Storage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Pure Storage by 285.2% during the fourth quarter. Wellington Management Group LLP now owns 150,809 shares of the technology company’s stock worth $9,264,000 after acquiring an additional 111,655 shares during the period. Lighthouse Financial LLC acquired a new position in Pure Storage during the 4th quarter worth $319,000. Siemens Fonds Invest GmbH purchased a new stake in Pure Storage during the 4th quarter worth about $81,000. Menard Financial Group LLC raised its position in Pure Storage by 17.5% in the 4th quarter. Menard Financial Group LLC now owns 10,915 shares of the technology company’s stock valued at $671,000 after purchasing an additional 1,626 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Pure Storage in the 4th quarter valued at about $10,289,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insiders Place Their Bets

In related news, insider Ajay Singh sold 19,972 shares of Pure Storage stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $61.58, for a total value of $1,229,875.76. Following the completion of the transaction, the insider now owns 262,144 shares in the company, valued at approximately $16,142,827.52. The trade was a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.