Janney Montgomery Scott LLC Grows Holdings in Everpure, Inc. $P

Janney Montgomery Scott LLC boosted its position in Everpure, Inc. (NYSE:P) by 46.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,138 shares of the company’s stock after buying an additional 8,861 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Everpure were worth $1,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its stake in shares of Everpure by 22.9% in the first quarter. Pictet Asset Management Holding SA now owns 157,702 shares of the company’s stock worth $9,302,000 after acquiring an additional 29,386 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Everpure in the first quarter valued at about $5,367,000. Fiduciary Alliance LLC grew its stake in Everpure by 23.9% during the 1st quarter. Fiduciary Alliance LLC now owns 13,875 shares of the company’s stock valued at $900,000 after purchasing an additional 2,675 shares in the last quarter. MBM Wealth Consultants LLC grew its stake in Everpure by 6.8% during the 1st quarter. MBM Wealth Consultants LLC now owns 12,146 shares of the company’s stock valued at $717,000 after purchasing an additional 776 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Everpure by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 10,154 shares of the company’s stock worth $599,000 after purchasing an additional 429 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Trading Down 2.1%

Shares of P opened at $79.27 on Friday. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 120.11, a price-to-earnings-growth ratio of 4.58 and a beta of 1.45. The business has a 50 day moving average price of $77.17. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue was up 35.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Everpure, Inc. will post 0.92 EPS for the current year.

Insider Buying and Selling at Everpure

In other news, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the transaction, the insider directly owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew William Fraser Brown sold 4,735 shares of Everpure stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $72.57, for a total transaction of $343,618.95. Following the completion of the transaction, the director directly owned 27,683 shares of the company’s stock, valued at $2,008,955.31. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 663,802 shares of company stock worth $50,774,521 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

P has been the topic of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Piper Sandler reissued an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 5th. Finally, Weiss Ratings assumed coverage on shares of Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating on the stock. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Everpure presently has an average rating of “Moderate Buy” and an average price target of $96.50.

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.