Everpure, Inc. $PSTG Shares Sold by Diversified Trust Co.

Diversified Trust Co. trimmed its position in Everpure, Inc. (NYSE:PSTG) by 38.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,661 shares of the technology company’s stock after selling 14,674 shares during the quarter. Diversified Trust Co.’s holdings in Everpure were worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Everpure in the second quarter worth $225,203,000. Arrowstreet Capital Limited Partnership increased its stake in Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the technology company’s stock valued at $337,554,000 after purchasing an additional 3,573,493 shares during the last quarter. Atreides Management LP acquired a new stake in shares of Everpure during the second quarter worth $204,552,000. Polar Capital Holdings Plc raised its holdings in shares of Everpure by 90.5% during the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the technology company’s stock worth $237,278,000 after purchasing an additional 1,345,207 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Everpure by 1,560.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,343,658 shares of the technology company’s stock worth $77,368,000 after buying an additional 1,262,758 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. UBS Group increased their price objective on shares of Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research note on Thursday, February 26th. Evercore restated an “outperform” rating on shares of Everpure in a research note on Wednesday, December 3rd. Finally, Tigress Financial set a $105.00 target price on Everpure in a report on Wednesday, December 3rd. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.53.

Everpure Stock Performance

Shares of PSTG opened at $65.41 on Thursday. The firm has a fifty day moving average of $68.30 and a 200-day moving average of $77.22. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 118.92, a price-to-earnings-growth ratio of 4.86 and a beta of 1.29. Everpure, Inc. has a 1 year low of $34.51 and a 1 year high of $100.59.

Everpure (NYSE:PSTG) last released its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Analysts predict that Everpure, Inc. will post 0.44 EPS for the current 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.