United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Stock Holdings in Everpure, Inc. $PSTG

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in shares of Everpure, Inc. (NYSE:PSTG) by 212.0% during the third quarter, Holdings Channel reports. The firm owned 15,600 shares of the technology company’s stock after purchasing an additional 10,600 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Everpure were worth $1,307,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Everpure in the 3rd quarter valued at $28,000. Left Brain Wealth Management LLC purchased a new stake in Everpure in the third quarter valued at $629,000. Barclays PLC lifted its position in Everpure by 40.8% in the third quarter. Barclays PLC now owns 485,459 shares of the technology company’s stock valued at $40,686,000 after acquiring an additional 140,591 shares during the last quarter. Pitcairn Co. acquired a new position in Everpure in the third quarter valued at $242,000. Finally, ARK Investment Management LLC boosted its stake in Everpure by 12.6% in the third quarter. ARK Investment Management LLC now owns 347,093 shares of the technology company’s stock valued at $29,090,000 after acquiring an additional 38,768 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Stock Performance

PSTG opened at $61.03 on Friday. The company has a market cap of $20.15 billion, a price-to-earnings ratio of 110.97, a PEG ratio of 4.56 and a beta of 1.29. Everpure, Inc. has a one year low of $34.51 and a one year high of $100.59. The business’s fifty day moving average is $69.81 and its two-hundred day moving average is $77.74.

Everpure (NYSE:PSTG) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. On average, analysts predict that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Insider Transactions at Everpure

In other Everpure news, insider Ajay Singh sold 7,178 shares of the firm’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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of Everpure stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $71.31, for a total transaction of $7,131,000.00. The disclosure for this sale is available in the SEC filing. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PSTG has been the topic of a number of research analyst reports. Piper Sandler reiterated a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. UBS Group upped their target price on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday, February 26th. Morgan Stanley set a $83.00 price target on Everpure in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. cut their price target on Everpure from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Finally, Wall Street Zen upgraded Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.32.

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.