Everpure, Inc. $PSTG Holdings Lifted by UNICOM Systems Inc.

UNICOM Systems Inc. increased its holdings in Everpure, Inc. (NYSE:PSTG) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 484,467 shares of the technology company’s stock after acquiring an additional 72,000 shares during the period. Everpure comprises about 3.2% of UNICOM Systems Inc.’s holdings, making the stock its 9th largest holding. UNICOM Systems Inc.’s holdings in Everpure were worth $32,464,000 at the end of the most recent quarter.

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

Everpure Stock Performance

PSTG opened at $59.04 on Friday. The company has a market cap of $19.49 billion, a PE ratio of 107.35, a price-to-earnings-growth ratio of 4.40 and a beta of 1.29. The stock has a 50-day moving average of $67.82 and a 200-day moving average of $76.96. Everpure, Inc. has a 52-week low of $34.51 and a 52-week high of $100.59.

Everpure (NYSE:PSTG) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $1.06 billion during 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 for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. On average, research analysts predict that Everpure, Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on PSTG. Wells Fargo & Company lowered their price target on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Citigroup cut their price objective on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Tigress Financial set a $105.00 target price on Everpure in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. dropped their target price on Everpure from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Finally, Lake Street Capital raised their price target on Everpure from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and a consensus target price of $94.53.

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.