16,348 Shares in Everpure, Inc. $PSTG Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in Everpure, Inc. (NYSE:PSTG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,348 shares of the technology company’s stock, valued at approximately $1,370,000.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Everpure by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock worth $2,840,407,000 after buying an additional 623,019 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Everpure by 1.7% in the second quarter. Geode Capital Management LLC now owns 7,273,696 shares of the technology company’s stock valued at $417,830,000 after buying an additional 123,320 shares during the period. Norges Bank bought a new stake in shares of Everpure during the second quarter worth $225,203,000. Atreides Management LP acquired a new stake in shares of Everpure during the second quarter worth $204,552,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Everpure by 2.0% during the third quarter. Victory Capital Management Inc. now owns 2,572,719 shares of the technology company’s stock worth $202,563,000 after acquiring an additional 50,566 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity at Everpure

In related news, insider Ajay Singh sold 7,178 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the completion of the sale, the insider directly owned 215,091 shares of the company’s stock, valued at $14,441,209.74. The trade was a 3.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.60% of the stock is currently owned by company insiders.

Everpure Stock Performance

Shares of PSTG stock opened at $60.87 on Wednesday. The company has a market cap of $20.10 billion, a PE ratio of 110.67, a P/E/G ratio of 4.71 and a beta of 1.29. The stock’s fifty day moving average price is $69.56 and its two-hundred day moving average price is $77.97. Everpure, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59.

Everpure (NYSE:PSTG) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, equities analysts predict that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PSTG shares. UBS Group increased their target price on Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a report on Thursday, February 26th. Susquehanna set a $105.00 price objective on Everpure in a report on Wednesday, December 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a research note on Thursday, January 22nd. TD Cowen restated a “buy” rating on shares of Everpure in a research note on Wednesday, December 3rd. Finally, Tigress Financial set a $105.00 price objective on Everpure in a report on Wednesday, December 3rd. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.53.

About Everpure

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.