Robinhood Asset Management LLC Buys New Stake in Everpure, Inc. $PSTG

Key Points

• Robinhood Asset Management bought a new stake of 111,605 shares of Everpure (PSTG) in Q4, valued at about $7.48 million.
• Everpure beat quarterly expectations with EPS $0.69 vs. $0.65 and reported $1.06 billion in revenue, up 20.4% year‑over‑year.
• The stock has a "Moderate Buy" analyst consensus with a $94.53 average price target, while trading near $61.11, carrying a high P/E of 111.12 and roughly 83% institutional ownership.

Robinhood Asset Management LLC purchased a new stake in Everpure, Inc. (NYSE:PSTG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 111,605 shares of the technology company's stock, valued at approximately $7,479,000.

Several other large investors also recently bought and sold shares of PSTG. Integrated Wealth Concepts LLC acquired a new stake in shares of Everpure during the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company's stock valued at $387,000 after purchasing an additional 4,926 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Everpure by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company's stock valued at $50,377,000 after purchasing an additional 595,307 shares during the period. Empowered Funds LLC grew its stake in Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company's stock worth $212,000 after buying an additional 194 shares during the last quarter. Finally, M&T Bank Corp increased its position in Everpure by 12.3% during the second quarter. M&T Bank Corp now owns 7,634 shares of the technology company's stock worth $440,000 after buying an additional 838 shares during the period. Institutional investors and hedge funds own 83.42% of the company's stock.

Everpure Price Performance

Everpure stock opened at $61.11 on Tuesday. The business has a 50 day simple moving average of $66.50 and a 200-day simple moving average of $75.88. Everpure, Inc. has a 12 month low of $34.51 and a 12 month high of $100.59. The stock 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 (NYSE:PSTG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 5.14% and a return on equity of 14.36%. Everpure's quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. As a group, equities research analysts anticipate that Everpure, Inc. will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

PSTG has been the subject of a number of research reports. UBS Group boosted their price objective on Everpure from $60.00 to $63.00 and gave the company a "sell" rating in a research note on Thursday, February 26th. Wall Street Zen raised shares of Everpure from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Everpure in a research report on Monday, February 23rd. Northland Securities raised shares of Everpure from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $77.00 to $81.00 in a research report on Monday, March 9th. Finally, Piper Sandler restated a "buy" rating on shares of Everpure in a research note on Thursday, February 26th. Thirteen 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.53.

Everpure Company 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.

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