Diker Management LLC Takes $1.01 Million Position in Everpure, Inc. $P

Diker Management LLC acquired a new stake in Everpure, Inc. (NYSE:P) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $1,005,000. Everpure accounts for 0.8% of Diker Management LLC’s portfolio, making the stock its 19th biggest holding.

Other hedge funds also recently modified their holdings of the company. Westfield Capital Management Co. LP boosted 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 during the period. ARK Investment Management LLC boosted its position in shares of Everpure by 12.6% in the third quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock valued at $29,090,000 after acquiring an additional 38,768 shares during the period. Victory Capital Management Inc. boosted its position in shares of Everpure by 2.0% in the third quarter. Victory Capital Management Inc. now owns 2,572,719 shares of the company’s stock valued at $202,563,000 after acquiring an additional 50,566 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Everpure by 12.9% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 307,221 shares of the company’s stock valued at $25,748,000 after acquiring an additional 35,182 shares during the period. Finally, Erste Asset Management GmbH boosted its position in shares of Everpure by 38.9% in the third quarter. Erste Asset Management GmbH now owns 482,800 shares of the company’s stock valued at $40,029,000 after acquiring an additional 135,300 shares during the period. 83.42% of the stock is owned by institutional investors.

Everpure Price Performance

Shares of P stock opened at $73.18 on Wednesday. The firm has a market capitalization of $24.33 billion, a P/E ratio of 110.89, a PEG ratio of 4.23 and a beta of 1.44. Everpure, Inc. has a one year low of $50.87 and a one year high of $100.59.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion during 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%.Everpure’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. As a group, sell-side analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction on 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 completion of the transaction, the insider directly owned 6,625,221 shares in the company, valued at $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 644,545 shares of company stock valued at $49,302,220 over the last three months. 5.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on P shares. Wells Fargo & Company increased their price objective on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Northland Securities set a $90.00 price objective on Everpure in a research report on Thursday, May 28th. Wedbush raised their target price on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Morgan Stanley raised 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. Finally, JPMorgan Chase & Co. raised 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. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $96.32.

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.