Peregrine Capital Management LLC Raises Stake in Everpure, Inc. $PSTG

Peregrine Capital Management LLC boosted its holdings in Everpure, Inc. (NYSE:PSTG) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 144,196 shares of the technology company’s stock after buying an additional 8,819 shares during the period. Peregrine Capital Management LLC’s holdings in Everpure were worth $9,663,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Everpure by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the technology company’s stock valued at $2,840,407,000 after acquiring an additional 623,019 shares during the period. State Street Corp increased its holdings in Everpure by 1.9% in the 3rd quarter. State Street Corp now owns 10,864,918 shares of the technology company’s stock valued at $910,589,000 after purchasing an additional 199,831 shares in the last quarter. Atreides Management LP increased its holdings in Everpure by 15.4% in the 3rd quarter. Atreides Management LP now owns 4,098,376 shares of the technology company’s stock valued at $343,485,000 after purchasing an additional 545,890 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Everpure by 786.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the technology company’s stock valued at $337,554,000 after purchasing an additional 3,573,493 shares during the period. Finally, Polar Capital Holdings Plc lifted its stake in shares of Everpure by 90.5% during the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the technology company’s stock worth $237,278,000 after purchasing an additional 1,345,207 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Stock Down 0.1%

Shares of Everpure stock traded down $0.04 on Thursday, hitting $67.76. 2,816,938 shares of the company’s stock traded hands, compared to its average volume of 2,459,949. Everpure, Inc. has a 52-week low of $39.72 and a 52-week high of $100.59. The stock has a market cap of $22.39 billion, a P/E ratio of 123.21, a PEG ratio of 5.06 and a beta of 1.34. The firm’s 50-day moving average is $64.90 and its 200 day moving average is $74.19.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on PSTG. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Everpure in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Everpure in a report on Thursday, January 22nd. Wells Fargo & Company decreased their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Citigroup dropped their price objective on shares of Everpure from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Barclays upped their target price on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and an average target price of $93.21.

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.