SG Americas Securities LLC Decreases Position in Everpure, Inc. $P

SG Americas Securities LLC lessened its position in Everpure, Inc. (NYSE:P) by 11.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 277,645 shares of the company’s stock after selling 34,736 shares during the period. SG Americas Securities LLC owned about 0.08% of Everpure worth $16,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co lifted its position in Everpure by 65.4% in the 1st quarter. Diversified Trust Co now owns 39,147 shares of the company’s stock valued at $2,311,000 after acquiring an additional 15,486 shares in the last quarter. Pure Financial Advisors LLC raised its stake in shares of Everpure by 4.0% in the fourth quarter. Pure Financial Advisors LLC now owns 22,529 shares of the company’s stock worth $1,510,000 after purchasing an additional 861 shares during the last quarter. SHP Wealth Management purchased a new position in shares of Everpure in the fourth quarter worth $36,000. Reflection Asset Management bought a new position in shares of Everpure during the fourth quarter valued at $32,000. Finally, Tobam lifted its holdings in shares of Everpure by 66.8% during the fourth quarter. Tobam now owns 20,882 shares of the company’s stock valued at $1,399,000 after purchasing an additional 8,363 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

P has been the subject of a number of recent analyst reports. Northland Securities set a $90.00 target price on Everpure in a research report on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Morgan Stanley increased their price objective on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Citigroup cut shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. Finally, Lake Street Capital lifted their target price on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

Everpure Trading Down 1.5%

Everpure stock opened at $71.68 on Friday. Everpure, Inc. has a 52-week low of $53.43 and a 52-week high of $100.59. The company has a market cap of $23.83 billion, a P/E ratio of 108.61, a P/E/G ratio of 4.12 and a beta of 1.44. The company’s 50-day moving average price is $76.60.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 EPS. On average, equities research analysts forecast that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, May 11th. The shares were 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. This trade represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 649,280 shares of company stock valued at $49,666,341 in the last 90 days. 5.10% of the stock is currently owned by company insiders.

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.