Everpure, Inc. $PSTG Shares Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Everpure, Inc. (NYSE:PSTG) by 212.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,600 shares of the technology company’s stock after buying an additional 10,600 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Everpure were worth $1,307,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Everpure during the second quarter valued at about $225,203,000. Atreides Management LP acquired a new position in shares of Everpure in the 2nd quarter worth approximately $204,552,000. Federated Hermes Inc. lifted its holdings in shares of Everpure by 1,560.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,343,658 shares of the technology company’s stock worth $77,368,000 after acquiring an additional 1,262,758 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Everpure by 158.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the technology company’s stock worth $110,473,000 after purchasing an additional 1,188,126 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Everpure by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,525,955 shares of the technology company’s stock worth $145,445,000 after purchasing an additional 1,082,606 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Everpure from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Evercore restated an “outperform” rating on shares of Everpure in a research report on Wednesday, December 3rd. Barclays lifted their price objective on Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. TD Cowen reiterated a “buy” rating on shares of Everpure in a report on Wednesday, December 3rd. Finally, Citigroup decreased their target price on Everpure from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Everpure currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.32.

Insider Buying and Selling at Everpure

In related 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 value of $481,930.92. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $71.31, for a total value of $7,131,000.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.60% of the company’s stock.

Everpure Stock Down 0.2%

NYSE PSTG opened at $61.03 on Friday. Everpure, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59. The stock has a market capitalization of $20.15 billion, a PE ratio of 110.97, a price-to-earnings-growth ratio of 4.56 and a beta of 1.29. The firm has a 50 day moving average of $69.81 and a two-hundred day moving average of $77.74.

Everpure (NYSE:PSTG) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion for 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%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities research analysts expect that Everpure, Inc. will post 0.44 earnings per share for the current fiscal year.

About Everpure

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.