Vinva Investment Management Ltd Buys 110,652 Shares of Everpure, Inc. $PSTG

Vinva Investment Management Ltd increased its stake in Everpure, Inc. (NYSE:PSTG) by 397.5% in the 3rd quarter, Holdings Channel reports. The fund owned 138,492 shares of the technology company’s stock after buying an additional 110,652 shares during the quarter. Vinva Investment Management Ltd’s holdings in Everpure were worth $11,504,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Everpure by 8.3% during the third quarter. Versant Capital Management Inc now owns 1,598 shares of the technology company’s stock valued at $134,000 after purchasing an additional 122 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Everpure by 40.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Everpure by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the technology company’s stock valued at $3,667,000 after purchasing an additional 152 shares during the last quarter. State of Wyoming raised its holdings in shares of Everpure by 10.3% during the 3rd quarter. State of Wyoming now owns 1,673 shares of the technology company’s stock valued at $140,000 after buying an additional 156 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Everpure by 11.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,530 shares of the technology company’s stock valued at $128,000 after buying an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Down 0.2%

NYSE:PSTG opened at $61.03 on Monday. The firm has a market capitalization of $20.15 billion, a P/E ratio of 110.97, a P/E/G ratio of 4.56 and a beta of 1.29. The company has a fifty day moving average of $69.81 and a 200 day moving average of $77.90. Everpure, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59.

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 analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $1.06 billion for 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%. 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 company earned $0.45 earnings per share. As a group, analysts anticipate that Everpure, Inc. will post 0.44 EPS for the current year.

Insider Buying and Selling

In other Everpure news, insider Ajay Singh sold 7,178 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.60% of the stock is owned by insiders.

Analysts Set New Price Targets

PSTG has been the subject of several research reports. Barclays upped their target price on Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Susquehanna set a $105.00 price objective on shares of Everpure in a report on Wednesday, December 3rd. UBS Group upped their price objective on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research note on Thursday, February 26th. Evercore reaffirmed an “outperform” rating on shares of Everpure in a report on Wednesday, December 3rd. Finally, Morgan Stanley set a $83.00 target price on shares of Everpure in a research report on Wednesday, December 3rd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.32.

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.