Assenagon Asset Management S.A. Has $5.32 Million Stock Holdings in Everpure, Inc. $P

Assenagon Asset Management S.A. lessened its position in Everpure, Inc. (NYSE:P) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,150 shares of the company’s stock after selling 33,187 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Everpure were worth $5,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Krilogy Financial LLC increased its position in Everpure by 11.5% during the first quarter. Krilogy Financial LLC now owns 9,532 shares of the company’s stock worth $563,000 after acquiring an additional 986 shares during the period. Anchyra Partners LLC bought a new stake in Everpure in the 1st quarter valued at $254,000. Diversified Trust Co boosted its holdings 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 purchasing an additional 15,486 shares during the period. Pure Financial Advisors LLC grew its position in Everpure by 4.0% in the 4th 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. Finally, SHP Wealth Management acquired a new stake in Everpure in the 4th quarter worth $36,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Trading Up 4.6%

Everpure stock opened at $72.32 on Tuesday. The firm has a market capitalization of $24.04 billion, a price-to-earnings ratio of 109.58, a P/E/G ratio of 3.93 and a beta of 1.44. The business has a fifty day simple moving average of $76.35. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59.

Everpure (NYSE:P) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $997.88 million. During the same period in the prior year, the business earned $0.29 earnings per share. Everpure’s quarterly revenue was up 35.2% on a year-over-year basis. As a group, equities analysts forecast that Everpure, Inc. will post 0.91 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on P shares. Guggenheim upped their price target on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Barclays lifted their price objective on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Weiss Ratings started coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating on the stock. Morgan Stanley upped their target price on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, Wedbush raised their target price on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report 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 assigned a Sell rating to the stock. According to MarketBeat, Everpure currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

Insiders Place Their Bets

In related news, insider John Colgrove sold 99,900 shares of Everpure stock in a transaction on Friday, June 12th. The stock was sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the completion of the sale, the insider directly owned 2,615,000 shares of the company’s stock, valued at $185,769,600. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mallun Yen sold 4,735 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $76.90, for a total value of $364,121.50. Following the transaction, the director owned 43,281 shares of the company’s stock, valued at $3,328,308.90. The trade was a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 654,015 shares of company stock valued at $50,009,960. Company insiders own 5.10% of the company’s stock.

Everpure Profile

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.