Taylor Frigon Capital Management LLC Has $2.21 Million Stock Position in Everpure, Inc. $PSTG

Taylor Frigon Capital Management LLC reduced its stake in Everpure, Inc. (NYSE:PSTG) by 36.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,921 shares of the technology company’s stock after selling 18,837 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Everpure were worth $2,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winnow Wealth LLC acquired a new position in shares of Everpure in the third quarter worth approximately $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Everpure in the third quarter worth approximately $27,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Everpure in the third quarter worth approximately $28,000. 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 worth $28,000 after acquiring an additional 244 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Wells Fargo & Company dropped their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen raised Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. UBS Group boosted their price target on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research note on Thursday, February 26th. Finally, Wedbush reissued 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and a consensus price target of $94.53.

Everpure Stock Performance

Shares of PSTG opened at $64.90 on Thursday. Everpure, Inc. has a 52-week low of $39.72 and a 52-week high of $100.59. The business’s 50 day moving average price is $65.32 and its two-hundred day moving average price is $74.81. The firm has a market cap of $21.45 billion, a PE ratio of 118.01, a price-to-earnings-growth ratio of 4.78 and a beta of 1.34.

Everpure (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.45 earnings per share. Research analysts predict that Everpure, Inc. will post 0.44 EPS for the current fiscal 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.