Everpure, Inc. $PSTG Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its stake in shares of Everpure, Inc. (NYSE:PSTG) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,085,052 shares of the technology company’s stock after selling 39,490 shares during the period. Blair William & Co. IL owned approximately 0.94% of Everpure worth $258,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westfield Capital Management Co. LP lifted its holdings in shares of Everpure by 69.4% in the third quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the technology company’s stock valued at $146,798,000 after buying an additional 717,834 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Everpure by 96.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the technology company’s stock worth $2,612,000 after acquiring an additional 15,286 shares during the period. AlTi Global Inc. acquired a new position in Everpure during the third quarter worth about $2,517,000. Merit Financial Group LLC raised its position in Everpure by 145.6% in the third quarter. Merit Financial Group LLC now owns 25,943 shares of the technology company’s stock worth $2,174,000 after acquiring an additional 15,382 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in Everpure in the third quarter worth about $1,653,000. 83.42% of the stock is currently owned by institutional investors.

Everpure Price Performance

Shares of PSTG opened at $61.03 on Friday. The company has a 50-day moving average of $69.81 and a two-hundred day moving average of $77.60. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 110.97, a PEG ratio of 4.58 and a beta of 1.29. Everpure, Inc. has a one year low of $34.51 and a one year high of $100.59.

Everpure (NYSE:PSTG) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was up 20.4% on a year-over-year basis. Analysts anticipate that Everpure, Inc. will post 0.44 earnings per share for the current year.

Insider Activity

In other Everpure news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $71.31, for a total transaction of $7,131,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ajay Singh sold 7,178 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total value of $481,930.92. Following the completion of the transaction, the insider owned 215,091 shares in the company, valued at $14,441,209.74. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PSTG. JPMorgan Chase & Co. lowered their price objective on shares of Everpure from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Everpure in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Susquehanna set a $105.00 price target on shares of Everpure in a research report on Wednesday, December 3rd. Finally, UBS Group increased their price objective on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday, February 26th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.32.

Everpure Company Profile

Everpure, Inc (NYSE: PSTG), formerly known as Pure Storage, Inc, is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays engineered to deliver high performance, low latency, and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics, and large-scale file and object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.