Nordea Investment Management AB Purchases 17,617 Shares of Everpure, Inc. $PSTG

Nordea Investment Management AB lifted its position in shares of Everpure, Inc. (NYSE:PSTG) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,502 shares of the technology company’s stock after purchasing an additional 17,617 shares during the quarter. Nordea Investment Management AB owned 0.08% of Everpure worth $17,990,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Winnow Wealth LLC bought a new stake in Everpure during the 3rd quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new position in Everpure during the third quarter worth $27,000. Sunbelt Securities Inc. lifted its stake in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the technology company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure in the third quarter valued at $28,000. Finally, Assetmark Inc. grew its holdings in shares of Everpure by 186.6% during the third quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PSTG has been the subject of several recent research reports. Evercore reissued an “outperform” rating on shares of Everpure in a research report on Wednesday, December 3rd. UBS Group raised their price target on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of Everpure in a report on Thursday, January 22nd. Finally, TD Cowen reissued a “buy” rating on shares of Everpure in a research note on Wednesday, December 3rd. Thirteen 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.53.

Everpure Stock Up 1.0%

Everpure stock opened at $65.12 on Wednesday. Everpure, Inc. has a 52 week low of $34.51 and a 52 week high of $100.59. The company’s 50 day moving average price is $68.41 and its two-hundred day moving average price is $77.30. The stock has a market cap of $21.50 billion, a P/E ratio of 118.40, a P/E/G ratio of 4.81 and a beta of 1.29.

Everpure (NYSE:PSTG) last announced 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 firm had revenue of $1.06 billion for 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%.The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities analysts anticipate that Everpure, Inc. will post 0.44 EPS 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.