HighVista Strategies LLC Buys New Shares in Everpure, Inc. $PSTG

HighVista Strategies LLC acquired a new position in shares of Everpure, Inc. (NYSE:PSTG) during the 3rd quarter, Holdings Channel reports. The firm acquired 20,400 shares of the technology company’s stock, valued at approximately $1,710,000.

Several other hedge funds have also added to or reduced their stakes in PSTG. Winnow Wealth LLC acquired a new position in shares of Everpure in the third quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Everpure during the 3rd quarter worth about $27,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Everpure during the 3rd quarter worth about $28,000. Assetmark Inc. boosted its holdings in shares of Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares during the period. Finally, Banque Transatlantique SA acquired a new position in Everpure in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PSTG. Weiss Ratings reissued a “hold (c)” rating on shares of Everpure in a report on Thursday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Everpure in a research report on Wednesday, December 3rd. UBS Group increased their target price on Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. reduced their price target on Everpure from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, December 3rd. Finally, Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Everpure in a research note on Monday, February 23rd. Thirteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and an average target price of $94.53.

Insider Buying and Selling at Everpure

In other news, insider Ajay Singh sold 7,178 shares of the firm’s 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 completion of the transaction, the insider directly owned 215,091 shares in the company, valued at $14,441,209.74. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Everpure Stock Up 0.8%

NYSE PSTG opened at $61.50 on Monday. The firm has a 50-day moving average price of $69.19 and a two-hundred day moving average price of $78.01. Everpure, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59. The company has a market capitalization of $20.30 billion, a P/E ratio of 111.81, a P/E/G ratio of 4.60 and a beta of 1.29.

Everpure (NYSE:PSTG) last released 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 company had revenue of $1.06 billion during 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 firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. Equities analysts expect that Everpure, Inc. will post 0.44 EPS for the current 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.