Everpure, Inc. (NYSE:PSTG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Everpure, Inc. (NYSE:PSTG) have received a consensus rating of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $94.5263.

A number of research analysts recently weighed in on PSTG shares. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Everpure in a research report on Monday, February 23rd. Wells Fargo & Company cut their target price on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Piper Sandler restated a “buy” rating on shares of Everpure in a report on Thursday, February 26th. TD Cowen reaffirmed a “buy” rating on shares of Everpure in a research report on Wednesday, December 3rd. Finally, Evercore reiterated an “outperform” rating on shares of Everpure in a research note on Wednesday, December 3rd.

Insider Transactions at Everpure

In other news, insider Ajay Singh sold 7,178 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total value of $481,930.92. Following the transaction, the insider owned 215,091 shares in the company, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Everpure

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Everpure by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock valued at $2,840,407,000 after acquiring an additional 623,019 shares in the last quarter. State Street Corp increased its holdings in shares of Everpure by 0.8% in the 4th quarter. State Street Corp now owns 10,953,501 shares of the technology company’s stock worth $733,994,000 after purchasing an additional 88,583 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the technology company’s stock worth $515,972,000 after purchasing an additional 207,317 shares in the last quarter. Atreides Management LP raised its stake in shares of Everpure by 15.4% in the third quarter. Atreides Management LP now owns 4,098,376 shares of the technology company’s stock worth $343,485,000 after purchasing an additional 545,890 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the technology company’s stock valued at $337,554,000 after purchasing an additional 3,573,493 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Price Performance

Shares of Everpure stock opened at $62.62 on Friday. Everpure has a 1 year low of $34.51 and a 1 year high of $100.59. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 113.85, a PEG ratio of 4.89 and a beta of 1.29. The company has a 50-day moving average of $68.77 and a 200 day moving average of $77.50.

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

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.