Everpure, Inc. $PSTG Shares Sold by Diversified Trust Co.

Diversified Trust Co. trimmed its holdings in Everpure, Inc. (NYSE:PSTG) by 38.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,661 shares of the technology company’s stock after selling 14,674 shares during the quarter. Diversified Trust Co.’s holdings in Everpure were worth $1,586,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PSTG. Norges Bank bought a new stake in Everpure during the 2nd quarter valued at $225,203,000. Arrowstreet Capital Limited Partnership boosted its position in Everpure by 786.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the technology company’s stock worth $337,554,000 after acquiring an additional 3,573,493 shares during the period. Atreides Management LP bought a new position in shares of Everpure in the second quarter worth $204,552,000. Polar Capital Holdings Plc grew its stake in shares of Everpure by 90.5% in the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the technology company’s stock worth $237,278,000 after purchasing an additional 1,345,207 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Everpure by 1,560.9% during the second quarter. Federated Hermes Inc. now owns 1,343,658 shares of the technology company’s stock valued at $77,368,000 after purchasing an additional 1,262,758 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Stock Up 0.4%

Shares of Everpure stock opened at $65.41 on Thursday. The business has a fifty day simple moving average of $68.30 and a 200-day simple moving average of $77.22. Everpure, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 118.92, a price-to-earnings-growth ratio of 4.86 and a beta of 1.29.

Everpure (NYSE:PSTG) last released its earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $0.45 earnings per share. Everpure’s revenue was up 20.4% compared to the same quarter last year. Analysts anticipate that Everpure, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PSTG. Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $77.00 to $81.00 in a research note on Monday, March 9th. Wells Fargo & Company decreased their target price 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. Susquehanna set a $105.00 target price on shares of Everpure in a research note on Wednesday, December 3rd. Piper Sandler restated a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. Finally, Wall Street Zen raised shares of Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Thirteen equities research 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 MarketBeat, Everpure presently has a consensus rating of “Moderate Buy” and an average target price 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.