Jefferies Financial Group Inc. Makes New Investment in Everpure, Inc. $PSTG

Jefferies Financial Group Inc. acquired a new stake in shares of Everpure, Inc. (NYSE:PSTG) during the 3rd quarter, HoldingsChannel reports. The fund acquired 52,136 shares of the technology company’s stock, valued at approximately $4,370,000.

Other institutional investors have also modified their holdings of the company. Winnow Wealth LLC purchased a new stake in shares of Everpure during the third quarter worth about $26,000. Provenance Wealth Advisors LLC purchased a new position in Everpure in the 3rd quarter valued at about $27,000. Foster Dykema Cabot & Partners LLC purchased a new position in Everpure in the 3rd quarter valued at about $28,000. Assetmark Inc. boosted its holdings in Everpure by 186.6% in the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Price Performance

Shares of Everpure stock opened at $62.96 on Tuesday. The stock has a market cap of $20.79 billion, a P/E ratio of 114.47, a P/E/G ratio of 4.56 and a beta of 1.29. The stock’s 50 day simple moving average is $69.70 and its 200-day simple moving average is $77.95. Everpure, Inc. has a 1-year low of $34.51 and a 1-year high of $100.59.

Everpure (NYSE:PSTG) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 EPS for the quarter, beating 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts expect that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PSTG has been the subject of a number of research analyst reports. TD Cowen reissued a “buy” rating on shares of Everpure in a report on Wednesday, December 3rd. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Oppenheimer initiated coverage on Everpure in a research note on Monday, November 17th. They issued an “outperform” rating and a $120.00 price objective for the company. Susquehanna set a $105.00 price objective on Everpure in a report on Wednesday, December 3rd. Finally, Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $77.00 to $81.00 in a research note on Monday. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Everpure has a consensus rating of “Moderate Buy” and an average price target of $94.53.

Insider Transactions at Everpure

In other Everpure 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 of the company’s stock, valued at $14,441,209.74. This trade represents a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by insiders.

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.