Arrowstreet Capital Limited Partnership Sells 32,883 Shares of Everpure, Inc. $P

Arrowstreet Capital Limited Partnership lowered its stake in shares of Everpure, Inc. (NYSE:P) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,994,727 shares of the company’s stock after selling 32,883 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Everpure were worth $267,687,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Atlas Capital Advisors Inc. purchased a new position in shares of Everpure in the fourth quarter worth about $1,204,000. Kestra Advisory Services LLC raised its stake in Everpure by 21.5% in the fourth quarter. Kestra Advisory Services LLC now owns 29,119 shares of the company’s stock valued at $1,951,000 after purchasing an additional 5,143 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in Everpure by 50.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock valued at $34,000 after purchasing an additional 170 shares in the last quarter. Bridgewater Associates LP raised its stake in Everpure by 54.9% in the fourth quarter. Bridgewater Associates LP now owns 110,266 shares of the company’s stock valued at $7,389,000 after purchasing an additional 39,096 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Everpure by 12.7% in the fourth quarter. UMB Bank n.a. now owns 4,484 shares of the company’s stock valued at $300,000 after purchasing an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Trading Up 0.1%

P stock opened at $72.40 on Monday. Everpure, Inc. has a one year low of $50.20 and a one year high of $100.59. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 109.70, a price-to-earnings-growth ratio of 4.09 and a beta of 1.44.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping 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 the consensus estimate of $997.88 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on P. Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Guggenheim lifted their price target on shares of Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Lake Street Capital lifted their price target 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Everpure in a research note on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.32.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 99,900 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the transaction, the insider directly owned 2,615,000 shares of the company’s stock, valued at approximately $185,769,600. The trade was a 3.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 644,545 shares of company stock valued at $49,302,220 in the last quarter. Insiders own 5.10% of the company’s stock.

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.