BI Asset Management Fondsmaeglerselskab A S Grows Position in Everpure, Inc. $P

BI Asset Management Fondsmaeglerselskab A S increased its holdings in Everpure, Inc. (NYSE:P) by 267.4% in the fourth quarter, Holdings Channel reports. The fund owned 114,514 shares of the company’s stock after purchasing an additional 83,348 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Everpure were worth $7,674,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in P. Provenance Wealth Advisors LLC purchased a new stake in Everpure in the third quarter worth about $27,000. Salomon & Ludwin LLC lifted its stake in Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in Everpure in the third quarter worth about $28,000. Sunbelt Securities Inc. lifted its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares during the period. Finally, Assetmark Inc. lifted its stake in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after acquiring an additional 222 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on P. Guggenheim increased their price target on shares of Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Citigroup lowered shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Wells Fargo & Company increased their price target on shares of Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Thirteen equities 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’s stock. According to MarketBeat.com, Everpure has an average rating of “Moderate Buy” and a consensus price target of $96.32.

Everpure Stock Down 8.0%

Shares of Everpure stock opened at $72.19 on Friday. The company has a market capitalization of $23.86 billion, a P/E ratio of 109.39, a P/E/G ratio of 5.12 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 data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. Analysts expect that Everpure, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Everpure

In related news, insider John Colgrove sold 200,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were 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 trade represents a 2.93% decrease in their position. 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. Over the last ninety days, insiders have sold 544,545 shares of company stock valued at $42,198,324. Company insiders own 5.10% of the company’s stock.

Everpure 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.