E. Ohman J or Asset Management AB Acquires Shares of 11,015 Everpure, Inc. $PSTG

E. Ohman J or Asset Management AB acquired a new position in shares of Everpure, Inc. (NYSE:PSTG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,015 shares of the technology company’s stock, valued at approximately $738,000.

A number of other large investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in Everpure during the 1st quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock worth $387,000 after acquiring an additional 4,926 shares during the period. Goldman Sachs Group Inc. grew its position in Everpure by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock valued at $50,377,000 after acquiring an additional 595,307 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock valued at $212,000 after purchasing an additional 194 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Everpure during the second quarter valued at approximately $242,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PSTG shares. Citigroup decreased their target price on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $77.00 to $81.00 in a research note on Monday, March 9th. Evercore reiterated an “outperform” rating on shares of Everpure in a report on Wednesday, December 3rd. Piper Sandler reissued a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. Finally, JPMorgan Chase & Co. lowered their target price on Everpure from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.53.

Everpure Trading Up 0.4%

Everpure stock opened at $65.41 on Thursday. Everpure, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59. The stock has a market cap of $21.59 billion, a P/E ratio of 118.92, a price-to-earnings-growth ratio of 4.86 and a beta of 1.29. The stock has a 50 day moving average of $68.30 and a 200-day moving average of $77.22.

Everpure (NYSE:PSTG) last issued its quarterly 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 analyst estimates of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, equities analysts predict that Everpure, Inc. will post 0.44 earnings per share for the current fiscal 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.