Bank Pictet & Cie Europe AG Boosts Stake in Everpure, Inc. $PSTG

Bank Pictet & Cie Europe AG increased its holdings in shares of Everpure, Inc. (NYSE:PSTG) by 28.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,978 shares of the technology company’s stock after purchasing an additional 14,260 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Everpure were worth $4,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Winnow Wealth LLC purchased a new position in Everpure in the 3rd quarter worth about $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure in the third quarter worth approximately $27,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure in the third quarter worth approximately $28,000. Sunbelt Securities Inc. raised its holdings 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 purchasing an additional 244 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Everpure by 186.6% during the third quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Trading Up 3.4%

PSTG opened at $61.02 on Thursday. Everpure, Inc. has a 1-year low of $34.51 and a 1-year high of $100.59. The company has a market capitalization of $20.15 billion, a PE ratio of 110.95, a PEG ratio of 4.41 and a beta of 1.34. The firm’s 50 day simple moving average is $67.06 and its two-hundred day simple moving average is $76.48.

Everpure (NYSE:PSTG) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.45 EPS. Equities analysts forecast that Everpure, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PSTG shares. Evercore restated an “outperform” rating on shares of Everpure in a research report on Wednesday, December 3rd. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Everpure in a research report on Monday, February 23rd. Morgan Stanley set a $83.00 target price on shares of Everpure in a research note on Wednesday, December 3rd. UBS Group increased their price target on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Finally, Susquehanna set a $105.00 price target on Everpure in a research note on Wednesday, December 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently 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.