Everpure, Inc. $PSTG Shares Sold by Board of the Pension Protection Fund

Board of the Pension Protection Fund lessened its stake in shares of Everpure, Inc. (NYSE:PSTG) by 96.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500 shares of the technology company’s stock after selling 12,300 shares during the quarter. Board of the Pension Protection Fund’s holdings in Everpure were worth $34,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Winnow Wealth LLC purchased a new stake in Everpure in the third quarter valued at $26,000. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure during the third quarter worth about $27,000. Sunbelt Securities Inc. grew its holdings in shares of Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the technology company’s stock worth $28,000 after purchasing an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Everpure during the third quarter worth about $28,000. Finally, Assetmark Inc. lifted its holdings in shares of Everpure by 186.6% in the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna set a $105.00 target price on Everpure in a research report on Wednesday, December 3rd. UBS Group boosted their price objective on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research note on Thursday, February 26th. TD Cowen reissued a “buy” rating on shares of Everpure in a report on Wednesday, December 3rd. JPMorgan Chase & Co. lowered their target price on shares of Everpure from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Everpure in a report on Monday, February 23rd. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and an average price target of $94.53.

Everpure Trading Down 4.3%

NYSE:PSTG opened at $62.62 on Friday. The company has a market capitalization of $20.67 billion, a P/E ratio of 113.85, a price-to-earnings-growth ratio of 4.89 and a beta of 1.29. The firm has a 50-day moving average price of $68.77 and a two-hundred day moving average price of $77.50. Everpure, Inc. has a twelve month low of $34.51 and a twelve month high of $100.59.

Everpure (NYSE:PSTG) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities research analysts predict that Everpure, Inc. will post 0.44 earnings per share for the current year.

Insider Transactions at Everpure

In other Everpure news, insider Ajay Singh sold 7,178 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total transaction of $481,930.92. Following the sale, the insider owned 215,091 shares in the company, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Everpure 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.