WINTON GROUP Ltd Invests $1.32 Million in Everpure, Inc. $PSTG

WINTON GROUP Ltd bought a new stake in Everpure, Inc. (NYSE:PSTG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,781 shares of the technology company’s stock, valued at approximately $1,323,000.

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

Insider Activity at Everpure

In other news, insider Ajay Singh sold 7,178 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total transaction of $481,930.92. Following the completion of 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 Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by corporate insiders.

Everpure Price Performance

Shares of NYSE:PSTG opened at $62.12 on Thursday. Everpure, Inc. has a 1 year low of $34.51 and a 1 year high of $100.59. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 112.95, a price-to-earnings-growth ratio of 4.57 and a beta of 1.29. The business’s 50 day moving average price is $69.46 and its 200-day moving average price is $77.86.

Everpure (NYSE:PSTG) last issued 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. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, sell-side analysts expect that Everpure, Inc. will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PSTG has been the subject of a number of recent research reports. Northland Securities upgraded 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. Morgan Stanley set a $83.00 target price on Everpure in a report on Wednesday, December 3rd. Piper Sandler reissued a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Tigress Financial set a $105.00 price objective on Everpure in a research report on Wednesday, December 3rd. Finally, Citigroup dropped their price objective on shares of Everpure from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company 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.