Eurizon Capital SGR S.p.A. Buys Shares of 27,622 Everpure, Inc. $P

Eurizon Capital SGR S.p.A. bought a new stake in Everpure, Inc. (NYSE:P) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 27,622 shares of the company’s stock, valued at approximately $1,852,000.

Several other institutional investors also recently bought and sold shares of P. Arrowstreet Capital Limited Partnership grew its position in Everpure by 786.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after acquiring an additional 3,573,493 shares in the last quarter. Atreides Management LP acquired a new position in Everpure in the 2nd quarter valued at about $204,552,000. Polar Capital Holdings Plc grew its position in Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after acquiring an additional 1,345,207 shares in the last quarter. AQR Capital Management LLC grew its position in Everpure by 158.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock valued at $110,473,000 after acquiring an additional 1,188,126 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its position in Everpure by 69.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock valued at $146,798,000 after acquiring an additional 717,834 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Price Performance

Shares of P opened at $82.86 on Wednesday. The company has a market capitalization of $27.38 billion, a P/E ratio of 125.54, a price-to-earnings-growth ratio of 5.99 and a beta of 1.44. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. On average, sell-side analysts predict that Everpure, Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on P shares. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Everpure in a research report on Thursday, May 28th. Wedbush boosted their price objective on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Wells Fargo & Company boosted their price objective on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. UBS Group boosted their price objective on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley boosted their price objective on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.32.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 534,265 shares of company stock valued at $41,321,234 over the last three months. Corporate insiders own 5.10% of the company’s stock.

Everpure Company Profile

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.