Robinhood Asset Management LLC Invests $7.48 Million in Everpure, Inc. $PSTG

Robinhood Asset Management LLC purchased a new stake in Everpure, Inc. (NYSE:PSTG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 111,605 shares of the technology company’s stock, valued at approximately $7,479,000.

Other institutional investors have also recently modified their holdings of the company. Winnow Wealth LLC acquired a new position in Everpure during the third quarter worth $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Everpure during the 3rd quarter worth $27,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Everpure in the 3rd quarter valued at about $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 valued at $28,000 after purchasing 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 valued at $29,000 after purchasing an additional 222 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Price Performance

Shares of NYSE PSTG opened at $61.11 on Tuesday. The firm’s 50-day moving average is $66.50 and its two-hundred day moving average is $75.88. The company has a market capitalization of $20.20 billion, a PE ratio of 111.12, a price-to-earnings-growth ratio of 4.66 and a beta of 1.34. Everpure, Inc. has a 12-month low of $34.51 and a 12-month high of $100.59.

Everpure (NYSE:PSTG) last issued its quarterly earnings data 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. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $0.45 EPS. The company’s revenue was up 20.4% on a year-over-year basis. On average, analysts forecast that Everpure, Inc. will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PSTG has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Everpure in a research note on Monday, February 23rd. Wells Fargo & Company lowered their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Citigroup dropped their price objective on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Piper Sandler reissued a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Thirteen research 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, the company has an average rating of “Moderate Buy” and an average target price of $94.53.

Everpure 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.