Assenagon Asset Management S.A. Has $8.27 Million Stock Holdings in Everpure, Inc. $PSTG

Assenagon Asset Management S.A. reduced its holdings in shares of Everpure, Inc. (NYSE:PSTG) by 37.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,337 shares of the technology company’s stock after selling 74,896 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Everpure were worth $8,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Everpure during the 1st quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock valued at $387,000 after purchasing an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Everpure by 109.7% during 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 purchasing an additional 595,307 shares during the last quarter. Empowered Funds LLC grew its stake in Everpure by 4.2% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Everpure by 3.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,518,529 shares of the technology company’s stock valued at $87,437,000 after purchasing an additional 57,029 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Stock Performance

NYSE:PSTG opened at $59.04 on Friday. The stock has a fifty day moving average price of $67.82 and a 200-day moving average price of $76.96. The company has a market cap of $19.49 billion, a price-to-earnings ratio of 107.35, a PEG ratio of 4.40 and a beta of 1.29. Everpure, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PSTG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Everpure in a research note on Thursday, January 22nd. Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $77.00 to $81.00 in a research report on Monday, March 9th. Citigroup reduced their target price on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Everpure in a research report on Monday, February 23rd. Finally, Morgan Stanley set a $83.00 price target on shares of Everpure in a report on Wednesday, December 3rd. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company 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.