Swiss National Bank Has $75.01 Million Holdings in Everpure, Inc. $PSTG

Swiss National Bank trimmed its position in Everpure, Inc. (NYSE:PSTG) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 895,000 shares of the technology company’s stock after selling 42,500 shares during the quarter. Swiss National Bank’s holdings in Everpure were worth $75,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Winnow Wealth LLC acquired a new stake in Everpure during the third quarter worth $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Everpure in the 3rd quarter valued at $27,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Everpure in the 3rd quarter valued at $28,000. Assetmark Inc. lifted its holdings 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 acquiring an additional 222 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock worth $39,000 after acquiring an additional 134 shares during the period. 83.42% of the stock is owned by institutional investors.

Everpure Stock Up 1.8%

NYSE:PSTG opened at $62.12 on Thursday. The firm has a market cap of $20.51 billion, a PE ratio of 112.95, a price-to-earnings-growth ratio of 4.57 and a beta of 1.29. Everpure, Inc. has a 12 month low of $34.51 and a 12 month high of $100.59. The company’s 50-day moving average price is $69.46 and its two-hundred day moving average price is $77.86.

Everpure (NYSE:PSTG) last posted its earnings results 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 company had revenue of $1.06 billion during 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%. Everpure’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, research analysts expect that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ajay Singh sold 7,178 shares of the 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 owned 215,091 shares in the company, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

PSTG has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Everpure in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. lowered their price objective on Everpure from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Susquehanna set a $105.00 target price on Everpure in a research report on Wednesday, December 3rd. TD Cowen reaffirmed a “buy” rating on shares of Everpure in a research note on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Everpure in a research report on Thursday, January 22nd. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.