WINTON GROUP Ltd Invests $1.32 Million in Everpure, Inc. $PSTG

WINTON GROUP Ltd purchased a new position in shares of Everpure, Inc. (NYSE:PSTG) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 15,781 shares of the technology company’s stock, valued at approximately $1,323,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new stake in Everpure during the 3rd quarter worth $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Everpure in the third quarter valued at about $27,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Everpure in the third quarter valued at about $28,000. Assetmark Inc. lifted its stake in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Everpure by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Performance

PSTG opened at $62.12 on Thursday. The stock has a market capitalization of $20.51 billion, a PE ratio of 112.95, a P/E/G ratio of 4.57 and a beta of 1.29. Everpure, Inc. has a one year low of $34.51 and a one year high of $100.59. The business’s 50 day moving average price is $69.46 and its 200 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, topping the consensus estimate of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts forecast that Everpure, Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on PSTG shares. Tigress Financial set a $105.00 price objective on shares of Everpure in a research note on Wednesday, December 3rd. Susquehanna set a $105.00 target price on Everpure in a report on Wednesday, December 3rd. Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Everpure in a research report on Monday, February 23rd. Wells Fargo & Company reduced their price objective 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, Morgan Stanley set a $83.00 price objective 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.53.

Insider Activity

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 transaction of $481,930.92. Following the completion of the sale, the insider directly owned 215,091 shares of the company’s stock, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

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.