Barclays PLC Buys 140,591 Shares of Everpure, Inc. $PSTG

Barclays PLC lifted its stake in shares of Everpure, Inc. (NYSE:PSTG) by 40.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,459 shares of the technology company’s stock after purchasing an additional 140,591 shares during the quarter. Barclays PLC owned about 0.15% of Everpure worth $40,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PSTG. Westfield Capital Management Co. LP lifted its holdings in shares of Everpure by 69.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the technology company’s stock worth $146,798,000 after purchasing an additional 717,834 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Everpure by 96.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the technology company’s stock valued at $2,612,000 after purchasing an additional 15,286 shares in the last quarter. AlTi Global Inc. bought a new stake in Everpure during the 3rd quarter valued at $2,517,000. Merit Financial Group LLC raised its holdings in Everpure by 145.6% during the third quarter. Merit Financial Group LLC now owns 25,943 shares of the technology company’s stock worth $2,174,000 after buying an additional 15,382 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in Everpure during the third quarter worth $1,653,000. 83.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PSTG. Citigroup reduced their price objective 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. Oppenheimer began coverage on shares of Everpure in a report on Monday, November 17th. They issued an “outperform” rating and a $120.00 target price on the stock. UBS Group raised their price target on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday, February 26th. Susquehanna set a $105.00 price target on Everpure in a research note on Wednesday, December 3rd. Finally, Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $81.00 in a report on Monday. Thirteen 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.53.

Insider Activity at Everpure

In related news, insider Ajay Singh sold 7,178 shares of Everpure 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 directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Everpure Stock Performance

Everpure stock opened at $60.87 on Wednesday. Everpure, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The firm’s 50-day simple moving average is $69.56 and its 200 day simple moving average is $77.97. The stock has a market cap of $20.10 billion, a PE ratio of 110.67, a price-to-earnings-growth ratio of 4.71 and a beta of 1.29.

Everpure (NYSE:PSTG) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts predict that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

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.