Swiss National Bank Has $75.01 Million Stake in Everpure, Inc. $PSTG

Swiss National Bank trimmed its stake in Everpure, Inc. (NYSE:PSTG) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 895,000 shares of the technology company’s stock after selling 42,500 shares during the period. Swiss National Bank owned 0.27% of Everpure worth $75,010,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new position in Everpure during the third quarter valued at approximately $1,323,000. LGT Group Foundation lifted its stake in shares of Everpure by 4.7% in the third quarter. LGT Group Foundation now owns 94,098 shares of the technology company’s stock worth $8,063,000 after buying an additional 4,205 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Everpure by 8.2% in the third quarter. Schroder Investment Management Group now owns 603,053 shares of the technology company’s stock worth $49,999,000 after buying an additional 45,477 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Everpure in the 3rd quarter valued at $1,370,000. Finally, Jefferies Financial Group Inc. acquired a new position in Everpure in the 3rd quarter valued at $4,370,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Price Performance

Shares of Everpure stock opened at $62.12 on Thursday. Everpure, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The firm has a fifty day moving average price of $69.46 and a two-hundred day moving average price of $77.86. The company has a market cap of $20.51 billion, a PE ratio of 112.95, a price-to-earnings-growth ratio of 4.57 and a beta of 1.29.

Everpure (NYSE:PSTG) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. Analysts expect that Everpure, Inc. will post 0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ajay Singh sold 7,178 shares of Everpure stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total transaction of $481,930.92. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PSTG has been the topic of several recent analyst reports. Northland Securities upgraded 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 report on Monday. UBS Group upped their price target on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Susquehanna set a $105.00 price objective on Everpure in a research note on Wednesday, December 3rd. Wells Fargo & Company cut their price objective on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Lake Street Capital increased their target price on Everpure from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company 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.