Mariner LLC Boosts Stock Holdings in Everpure, Inc. $PSTG

Mariner LLC increased its holdings in shares of Everpure, Inc. (NYSE:PSTG) by 5.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,599,122 shares of the technology company’s stock after purchasing an additional 136,845 shares during the quarter. Mariner LLC’s holdings in Everpure were worth $217,809,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Everpure in the 2nd quarter valued at approximately $225,203,000. Arrowstreet Capital Limited Partnership grew its position in shares of Everpure by 786.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the technology company’s stock valued at $337,554,000 after buying an additional 3,573,493 shares during the last quarter. Atreides Management LP bought a new position in shares of Everpure during the second quarter valued at approximately $204,552,000. Federated Hermes Inc. increased its position in Everpure by 1,560.9% in the second quarter. Federated Hermes Inc. now owns 1,343,658 shares of the technology company’s stock worth $77,368,000 after buying an additional 1,262,758 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Everpure by 158.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the technology company’s stock worth $110,473,000 after acquiring an additional 1,188,126 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Price Performance

Shares of PSTG opened at $62.86 on Tuesday. The company has a market capitalization of $20.75 billion, a P/E ratio of 114.29, a PEG ratio of 4.60 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 simple moving average is $69.06 and its 200-day simple moving average is $77.89.

Everpure (NYSE:PSTG) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $0.45 EPS. The business’s revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts anticipate that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PSTG shares. Tigress Financial set a $105.00 target price on Everpure in a research report on Wednesday, December 3rd. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Morgan Stanley set a $83.00 price target on Everpure in a research note on Wednesday, December 3rd. Wells Fargo & Company decreased their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Thirteen 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.53.

Insider Buying and Selling at Everpure

In other news, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company 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.