Everpure, Inc. $P Position Boosted by Allworth Financial LP

Allworth Financial LP increased its holdings in Everpure, Inc. (NYSE:P) by 37.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,205 shares of the company’s stock after buying an additional 12,375 shares during the quarter. Allworth Financial LP’s holdings in Everpure were worth $3,029,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Everpure by 786.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after buying an additional 3,573,493 shares during the period. Atreides Management LP acquired a new stake in shares of Everpure in the second quarter worth $204,552,000. Polar Capital Holdings Plc boosted its position in shares of Everpure by 90.5% in the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after buying an additional 1,345,207 shares during the period. AQR Capital Management LLC boosted its position in shares of Everpure by 158.4% in the second quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock worth $110,473,000 after buying an additional 1,188,126 shares during the period. Finally, 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 worth $146,798,000 after buying an additional 717,834 shares during the period. 83.42% of the stock is owned by institutional investors.

Insider Activity

In related news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction dated 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 owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 534,265 shares of company stock valued at $41,321,234. 5.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

P has been the topic of several research analyst reports. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Thursday. Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and raised their price target for the company from $77.00 to $81.00 in a research report on Monday, March 9th. JPMorgan Chase & Co. decreased their target price on Everpure from $105.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Wall Street Zen raised Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.21.

Everpure Price Performance

P opened at $81.23 on Friday. Everpure, Inc. has a 52 week low of $50.20 and a 52 week high of $100.59. The firm has a market cap of $26.84 billion, a price-to-earnings ratio of 147.70, a price-to-earnings-growth ratio of 6.07 and a beta of 1.44.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. Equities analysts expect that Everpure, Inc. will post 0.72 EPS for the current year.

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.