Atlas Capital Advisors Inc. Acquires Shares of 17,973 Everpure, Inc. $P

Atlas Capital Advisors Inc. acquired a new stake in Everpure, Inc. (NYSE:P) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 17,973 shares of the company’s stock, valued at approximately $1,204,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in P. Integrated Wealth Concepts LLC acquired a new stake in Everpure in the 1st quarter valued at about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after acquiring an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Everpure by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after acquiring an additional 595,307 shares in the last quarter. Empowered Funds LLC increased its position in Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after acquiring an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after acquiring an additional 2,316 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Stock Up 0.1%

Everpure stock opened at $72.40 on Monday. The company has a market capitalization of $24.07 billion, a PE ratio of 109.70, a P/E/G ratio of 4.09 and a beta of 1.44. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59.

Everpure (NYSE:P) last released its quarterly 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 during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. As a group, equities research analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Insider Activity

In other news, insider John Colgrove sold 99,900 shares of Everpure stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00. Following the sale, the insider directly owned 2,615,000 shares in the company, valued at $185,769,600. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 644,545 shares of company stock valued at $49,302,220 in the last 90 days. 5.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

P has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Weiss Ratings initiated coverage on shares of Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Everpure in a research note on Thursday, May 28th. Wedbush raised their target price on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company raised their target price on shares of Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.