E. Ohman J or Asset Management AB Invests $738,000 in Everpure, Inc. $PSTG

E. Ohman J or Asset Management AB purchased a new position in Everpure, Inc. (NYSE:PSTG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,015 shares of the technology company’s stock, valued at approximately $738,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Everpure by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock worth $2,840,407,000 after acquiring an additional 623,019 shares in the last quarter. State Street Corp lifted its stake in Everpure by 1.9% during the third quarter. State Street Corp now owns 10,864,918 shares of the technology company’s stock worth $910,589,000 after purchasing an additional 199,831 shares during the last quarter. Atreides Management LP lifted its stake in Everpure by 15.4% during the third quarter. Atreides Management LP now owns 4,098,376 shares of the technology company’s stock worth $343,485,000 after purchasing an additional 545,890 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Everpure by 786.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the technology company’s stock worth $337,554,000 after purchasing an additional 3,573,493 shares during the period. Finally, Norges Bank acquired a new position in Everpure in the second quarter worth $225,203,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Stock Performance

PSTG stock opened at $65.41 on Thursday. The stock has a market capitalization of $21.59 billion, a price-to-earnings ratio of 118.92, a PEG ratio of 4.86 and a beta of 1.29. Everpure, Inc. has a 1 year low of $34.51 and a 1 year high of $100.59. The stock’s fifty day moving average is $68.30 and its two-hundred day moving average is $77.22.

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

Wall Street Analysts Forecast Growth

PSTG has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Everpure in a report on Thursday, January 22nd. Evercore reaffirmed an “outperform” rating on shares of Everpure in a report on Wednesday, December 3rd. Wells Fargo & Company lowered their price objective on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. UBS Group increased their price objective on shares of Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research note on Thursday, February 26th. Finally, Piper Sandler reissued a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Everpure currently has an average rating of “Moderate Buy” and an average price target of $94.53.

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.