Everpure, Inc. $P Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in shares of Everpure, Inc. (NYSE:P) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,053,622 shares of the company’s stock after selling 31,430 shares during the quarter. Blair William & Co. IL owned about 0.92% of Everpure worth $204,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its stake in Everpure by 69.4% during 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 buying an additional 717,834 shares in the last quarter. ARK Investment Management LLC raised its position in Everpure by 12.6% in the third quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock worth $29,090,000 after acquiring an additional 38,768 shares in the last quarter. Victory Capital Management Inc. raised its position in Everpure by 2.0% in the third 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. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Everpure by 12.9% in the 3rd 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 last quarter. Finally, Erste Asset Management GmbH lifted its holdings in Everpure by 38.9% in the 3rd 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 last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Price Performance

Shares of Everpure stock opened at $73.18 on Wednesday. Everpure, Inc. has a 1 year low of $50.87 and a 1 year high of $100.59. The stock has a market capitalization of $24.33 billion, a P/E ratio of 110.89, a price-to-earnings-growth ratio of 4.23 and a beta of 1.44.

Everpure (NYSE:P) last released its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company 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 business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. On average, research analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

Insiders Place Their Bets

In other Everpure 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 sale, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. This represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 644,545 shares of company stock valued at $49,302,220. 5.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on P shares. Lake Street Capital lifted their price objective on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Citigroup lowered shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Everpure in a report on Thursday, May 28th. Northland Securities set a $90.00 target price on Everpure in a report on Thursday, May 28th. Finally, Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

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.