Marshall Financial Group LLC Makes New $708,000 Investment in Everpure, Inc. $PSTG

Marshall Financial Group LLC purchased a new stake in Everpure, Inc. (NYSE:PSTG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,570 shares of the technology company’s stock, valued at approximately $708,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PSTG. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Everpure by 7.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 43,467 shares of the technology company’s stock worth $2,998,000 after acquiring an additional 3,144 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Everpure by 25.2% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 4,261 shares of the technology company’s stock valued at $297,000 after purchasing an additional 859 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Everpure by 14.8% during the fourth quarter. Wedmont Private Capital now owns 4,581 shares of the technology company’s stock valued at $314,000 after purchasing an additional 590 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Everpure by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 267,502 shares of the technology company’s stock valued at $17,990,000 after purchasing an additional 17,617 shares during the period. Finally, Green Alpha Advisors LLC increased its stake in Everpure by 2.2% in the 4th quarter. Green Alpha Advisors LLC now owns 11,445 shares of the technology company’s stock worth $767,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PSTG. Northland Securities upgraded Everpure from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $81.00 in a report on Monday, March 9th. Wedbush reissued an “outperform” rating and issued a $100.00 target price on shares of Everpure in a research report on Monday, February 23rd. Tigress Financial set a $105.00 price target on shares of Everpure in a report on Wednesday, December 3rd. Lake Street Capital upped their price target on shares of Everpure from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Citigroup decreased their price objective on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.53.

Everpure Trading Up 3.0%

Shares of Everpure stock opened at $64.49 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 cap of $21.29 billion, a P/E ratio of 117.26, a P/E/G ratio of 4.67 and a beta of 1.29. The stock has a 50-day moving average price of $68.61 and a 200 day moving average price of $77.40.

Everpure (NYSE:PSTG) last released its earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $1.06 billion for 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 in the previous year, the business posted $0.45 EPS. On average, equities analysts forecast 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.