BNP Paribas Financial Markets Raises Position in Everpure, Inc. $P

BNP Paribas Financial Markets raised its stake in Everpure, Inc. (NYSE:P) by 92.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 279,859 shares of the company’s stock after purchasing an additional 134,561 shares during the quarter. BNP Paribas Financial Markets owned 0.08% of Everpure worth $18,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Westfield Capital Management Co. LP lifted its position in shares of Everpure by 69.4% in the third 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. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Everpure by 96.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the company’s stock valued at $2,612,000 after buying an additional 15,286 shares in the last quarter. AlTi Global Inc. purchased a new stake in Everpure during the 3rd quarter worth about $2,517,000. ARK Investment Management LLC increased its holdings in Everpure by 12.6% during the 3rd quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock worth $29,090,000 after purchasing an additional 38,768 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Everpure by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,572,719 shares of the company’s stock worth $202,563,000 after acquiring an additional 50,566 shares in the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

P has been the subject of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Wells Fargo & Company boosted their target price on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

Insider Activity at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the transaction, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. The trade was 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 a total of 544,545 shares of company stock worth $42,198,324 in the last 90 days. Insiders own 5.10% of the company’s stock.

Everpure Stock Performance

Shares of Everpure stock opened at $72.19 on Friday. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59. The firm has a market capitalization of $23.86 billion, a P/E ratio of 109.39, a PEG ratio of 5.56 and a beta of 1.44.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, equities research analysts predict that Everpure, Inc. will post 0.73 EPS for the current year.

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.