Plum Street Advisors LLC Buys New Shares in Everpure, Inc. $PSTG

Plum Street Advisors LLC bought a new position in shares of Everpure, Inc. (NYSE:PSTG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,753 shares of the technology company’s stock, valued at approximately $734,000.

Other large investors also recently bought and sold shares of the company. Winnow Wealth LLC purchased a new position in shares of Everpure in the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Everpure during the third quarter worth approximately $27,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Everpure in the third quarter valued at approximately $28,000. Assetmark Inc. raised its holdings in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock valued at $29,000 after acquiring an additional 222 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in Everpure in the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Price Performance

Shares of NYSE:PSTG opened at $61.50 on Friday. Everpure, Inc. has a 12 month low of $34.51 and a 12 month high of $100.59. The firm has a market capitalization of $20.30 billion, a P/E ratio of 111.81, a P/E/G ratio of 4.57 and a beta of 1.29. The company’s fifty day moving average price is $69.19 and its 200 day moving average price is $77.76.

Everpure (NYSE:PSTG) last released its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The company 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%. Everpure’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, sell-side analysts anticipate that Everpure, Inc. will post 0.44 EPS for the current year.

Insider Buying and Selling at Everpure

In related news, insider Ajay Singh sold 7,178 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the completion of the sale, the insider directly owned 215,091 shares of the company’s stock, valued at $14,441,209.74. This represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on PSTG shares. Barclays boosted their price target on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Everpure in a research report on Monday, February 23rd. Tigress Financial set a $105.00 target price on shares of Everpure in a research note on Wednesday, December 3rd. Oppenheimer initiated coverage on Everpure in a report on Monday, November 17th. They issued an “outperform” rating and a $120.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Everpure in a research note on Wednesday, December 3rd. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.