Fieldview Capital Management LLC Has $385,000 Stake in Everpure, Inc. $PSTG

Fieldview Capital Management LLC trimmed its stake in Everpure, Inc. (NYSE:PSTG) by 95.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,592 shares of the technology company’s stock after selling 101,531 shares during the period. Fieldview Capital Management LLC’s holdings in Everpure were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Winnow Wealth LLC acquired a new stake in shares of Everpure in the 3rd quarter valued at $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure in the 3rd quarter worth about $27,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Everpure during the 3rd quarter worth about $28,000. Assetmark Inc. increased its position in shares of Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Everpure Price Performance

PSTG stock opened at $60.87 on Wednesday. The company has a 50 day moving average price of $69.56 and a 200 day moving average price of $77.97. Everpure, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The stock has a market capitalization 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 announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. As a group, equities analysts expect that Everpure, Inc. will post 0.44 earnings per share for the current fiscal year.

Insider Transactions at Everpure

In related news, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was 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 $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on PSTG. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Everpure in a research report on Wednesday, December 3rd. Citigroup cut 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. Oppenheimer began coverage on Everpure in a report on Monday, November 17th. They issued an “outperform” rating and a $120.00 target price on the stock. Wells Fargo & Company decreased their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and raised their price target for the company from $77.00 to $81.00 in a report on Monday. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $94.53.

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.