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

BI Asset Management Fondsmaeglerselskab A S cut its position in Everpure, Inc. (NYSE:P) by 71.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,004 shares of the company’s stock after selling 81,510 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Everpure were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Provenance Wealth Advisors LLC purchased a new position in Everpure in the 3rd quarter valued at $27,000. Salomon & Ludwin LLC grew its holdings in shares of Everpure by 108.2% during the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Everpure during the third quarter worth $28,000. Sunbelt Securities Inc. raised its position in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Everpure

In related news, insider John Colgrove sold 99,900 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00. Following the transaction, the insider directly owned 2,615,000 shares in the company, valued at approximately $185,769,600. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 644,545 shares of company stock worth $49,302,220. 5.10% of the stock is currently owned by insiders.

Everpure Trading Down 5.9%

Everpure stock opened at $72.46 on Wednesday. The stock’s 50-day moving average price is $76.80. Everpure, Inc. has a 12-month low of $53.24 and a 12-month high of $100.59. The firm has a market capitalization of $24.09 billion, a PE ratio of 109.79, a P/E/G ratio of 4.36 and a beta of 1.44.

Everpure (NYSE:P) last posted 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. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same period in the previous year, the business posted $0.29 EPS. Everpure’s revenue was up 35.2% on a year-over-year basis. Research analysts anticipate that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on P. Barclays boosted their price target on shares of Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Lake Street Capital raised their target price 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. Weiss Ratings began coverage on Everpure in a report on Monday, April 20th. They set a “hold (c)” rating on the stock. Wells Fargo & Company upped their price target on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Thursday, May 14th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.32.

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.