BIT Capital GmbH Buys New Position in Everpure, Inc. $P

BIT Capital GmbH purchased a new stake in Everpure, Inc. (NYSE:P) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 168,329 shares of the company’s stock, valued at approximately $11,280,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Everpure by 3.3% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,600 shares of the company’s stock valued at $4,798,000 after buying an additional 2,300 shares during the period. Vise Technologies Inc. lifted its stake in Everpure by 27.7% in the fourth quarter. Vise Technologies Inc. now owns 3,336 shares of the company’s stock valued at $224,000 after buying an additional 724 shares during the period. Daiwa Securities Group Inc. lifted its stake in Everpure by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the company’s stock valued at $2,291,000 after buying an additional 4,000 shares during the period. State of Wyoming lifted its stake in Everpure by 34.8% in the fourth quarter. State of Wyoming now owns 2,255 shares of the company’s stock valued at $151,000 after buying an additional 582 shares during the period. Finally, Cibc World Market Inc. lifted its stake in Everpure by 1.9% in the fourth quarter. Cibc World Market Inc. now owns 21,794 shares of the company’s stock valued at $1,460,000 after buying an additional 397 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on P shares. UBS Group boosted their price target on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings began coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Finally, Morgan Stanley upped their target price 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Everpure currently has a consensus rating of “Moderate Buy” and an average target price of $96.32.

Everpure Stock Down 8.0%

P stock opened at $72.19 on Friday. The firm has a market cap of $23.86 billion, a PE ratio of 109.39, a PEG ratio of 5.56 and a beta of 1.44. Everpure, Inc. has a fifty-two week low of $50.20 and a fifty-two week high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities analysts forecast that Everpure, Inc. will post 0.73 EPS for the current year.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 10,280 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $85.32, for a total transaction of $877,089.60. Following the sale, the insider owned 6,614,941 shares of the company’s stock, valued at approximately $564,386,766.12. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 544,545 shares of company stock worth $42,198,324. Corporate insiders own 5.10% of the company’s stock.

About Everpure

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.