117,646 Shares in Everpure, Inc. $PSTG Purchased by Sienna Gestion

Sienna Gestion purchased a new stake in Everpure, Inc. (NYSE:PSTG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 117,646 shares of the technology company’s stock, valued at approximately $8,990,000.

A number of other hedge funds have also added to or reduced their stakes in PSTG. Winnow Wealth LLC purchased a new stake in shares of Everpure in the third quarter worth approximately $26,000. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure during the third quarter valued at approximately $27,000. Foster Dykema Cabot & Partners LLC bought a new stake in Everpure during the third quarter worth $28,000. Assetmark Inc. raised its position in Everpure by 186.6% in the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. Finally, True Wealth Design LLC raised its position in Everpure by 402.8% in the 2nd quarter. True Wealth Design LLC now owns 548 shares of the technology company’s stock valued at $32,000 after buying an additional 439 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Price Performance

Shares of NYSE PSTG opened at $61.03 on Monday. The stock has a market capitalization of $20.15 billion, a PE ratio of 110.97, a P/E/G ratio of 4.56 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 fifty day moving average price is $69.81 and its 200-day moving average price is $77.90.

Everpure (NYSE:PSTG) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 earnings per share 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 analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities analysts expect that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling at Everpure

In other news, insider Ajay Singh sold 7,178 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total value of $481,930.92. Following the sale, the insider owned 215,091 shares of the company’s stock, valued at $14,441,209.74. The trade was a 3.23% decrease in their ownership of the stock. 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.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Lake Street Capital lifted their price objective on shares of Everpure from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. TD Cowen restated a “buy” rating on shares of Everpure in a report on Wednesday, December 3rd. Barclays boosted 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. Wells Fargo & Company reduced their target price on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, Morgan Stanley set a $83.00 price target on Everpure in a research report on Wednesday, December 3rd. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.32.

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.