Tokio Marine Asset Management Co. Ltd. Invests $896,000 in Everpure, Inc. $PSTG

Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Everpure, Inc. (NYSE:PSTG) in the fourth quarter, HoldingsChannel reports. The firm purchased 13,374 shares of the technology company’s stock, valued at approximately $896,000.

Other hedge funds have also modified their holdings of the company. Winnow Wealth LLC purchased a new position in shares of Everpure during the 3rd quarter worth $26,000. Provenance Wealth Advisors LLC purchased 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 during the 3rd quarter worth $28,000. Sunbelt Securities Inc. grew its holdings in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the technology company’s stock worth $28,000 after purchasing an additional 244 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the technology company’s stock worth $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

PSTG stock opened at $67.76 on Wednesday. The firm has a market capitalization of $22.39 billion, a P/E ratio of 123.21, a P/E/G ratio of 5.06 and a beta of 1.34. The business’s 50-day moving average is $65.07 and its two-hundred day moving average is $74.23. Everpure, Inc. has a 1 year low of $39.72 and a 1 year high of $100.59.

Everpure (NYSE:PSTG) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The company 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%.Everpure’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, analysts expect that Everpure, Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PSTG shares. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Everpure in a report on Monday, February 23rd. Citigroup lowered their price target on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. UBS Group raised their target price on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Wall Street Zen upgraded Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, JPMorgan Chase & Co. lowered their target price on Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.21.

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.