Sienna Gestion Invests $8.99 Million in Everpure, Inc. $PSTG

Sienna Gestion acquired a new stake in shares of Everpure, Inc. (NYSE:PSTG) during the third quarter, according to its most recent filing with the SEC. The fund acquired 117,646 shares of the technology company’s stock, valued at approximately $8,990,000.

Other institutional investors have also added to or reduced their stakes in the company. Winnow Wealth LLC purchased a new position in Everpure during the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure during the third quarter valued at about $27,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Everpure in the third quarter worth about $28,000. Assetmark Inc. boosted its position in shares of 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 acquiring an additional 222 shares during the period. Finally, True Wealth Design LLC boosted its position in shares of Everpure by 402.8% in the second quarter. True Wealth Design LLC now owns 548 shares of the technology company’s stock valued at $32,000 after acquiring an additional 439 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PSTG. Morgan Stanley set a $83.00 target price on shares of Everpure in a report on Wednesday, December 3rd. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Everpure in a report on Monday, February 23rd. 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. Evercore reaffirmed an “outperform” rating on shares of Everpure in a report on Wednesday, December 3rd. Finally, Tigress Financial set a $105.00 price objective on Everpure in a research report on Wednesday, December 3rd. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.32.

Insider Activity at Everpure

In other news, insider Ajay Singh sold 7,178 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were 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 in the company, valued at approximately $14,441,209.74. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

Everpure Trading Down 0.2%

Shares of Everpure stock opened at $61.03 on Monday. The firm has a market capitalization of $20.15 billion, a PE ratio of 110.97, a price-to-earnings-growth ratio of 4.56 and a beta of 1.29. Everpure, Inc. has a 12 month low of $34.51 and a 12 month high of $100.59. The business’s 50-day moving average price is $69.81 and its 200-day moving average price is $77.90.

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

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.