Diversify Advisory Services LLC Sells 11,767 Shares of Everpure, Inc. $PSTG

Diversify Advisory Services LLC lessened its holdings in Everpure, Inc. (NYSE:PSTG) by 72.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,581 shares of the technology company’s stock after selling 11,767 shares during the period. Diversify Advisory Services LLC’s holdings in Everpure were worth $334,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PSTG. Winnow Wealth LLC purchased a new stake in shares of Everpure in the third quarter worth approximately $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the third quarter valued at approximately $27,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Everpure during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. boosted its position in shares of Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the technology company’s stock valued at $28,000 after buying an additional 244 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Everpure by 186.6% during the third quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Price Performance

Shares of Everpure stock opened at $64.90 on Thursday. Everpure, Inc. has a 1 year low of $39.72 and a 1 year high of $100.59. The firm has a market cap of $21.45 billion, a PE ratio of 118.01, a P/E/G ratio of 4.78 and a beta of 1.34. The stock has a fifty day moving average price of $65.32 and a 200-day moving average price of $74.81.

Everpure (NYSE:PSTG) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The company 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 firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts anticipate that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on PSTG shares. UBS Group increased their price target on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday, February 26th. Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $77.00 to $81.00 in a report on Monday, March 9th. Barclays upped their target price on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Citigroup lowered their target price on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Piper Sandler restated a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and an average price target of $94.53.

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.