Mariner LLC Boosts Stake in Everpure, Inc. $PSTG

Mariner LLC raised its holdings in shares of Everpure, Inc. (NYSE:PSTG) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,599,122 shares of the technology company’s stock after purchasing an additional 136,845 shares during the quarter. Mariner LLC owned 0.79% of Everpure worth $217,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in shares of Everpure by 8.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,598 shares of the technology company’s stock worth $134,000 after purchasing an additional 122 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Everpure by 40.1% during the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the technology company’s stock worth $39,000 after buying an additional 134 shares during the period. One Capital Management LLC lifted its position in Everpure by 1.0% during the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the technology company’s stock worth $1,236,000 after acquiring an additional 141 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Everpure by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the technology company’s stock valued at $3,667,000 after buying an additional 152 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of Everpure by 10.3% in the 3rd quarter. State of Wyoming now owns 1,673 shares of the technology company’s stock valued at $140,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Insider Activity at Everpure

In other Everpure news, insider Ajay Singh sold 7,178 shares of Everpure stock in a transaction that occurred 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 transaction, the insider directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PSTG. Piper Sandler reissued a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Wells Fargo & Company decreased their price target on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Everpure in a research report on Wednesday, December 3rd. Barclays upped their target price on Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, TD Cowen reissued a “buy” rating on shares of Everpure in a research note on Wednesday, December 3rd. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.53.

Everpure Price Performance

Shares of NYSE PSTG opened at $62.86 on Tuesday. Everpure, Inc. has a 1 year low of $34.51 and a 1 year high of $100.59. The company has a market capitalization of $20.75 billion, a price-to-earnings ratio of 114.29, a price-to-earnings-growth ratio of 4.60 and a beta of 1.29. The business has a 50-day moving average of $69.06 and a two-hundred day moving average of $77.89.

Everpure (NYSE:PSTG) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts expect that Everpure, Inc. will post 0.44 earnings per share for the current year.

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.