Meridian Wealth Management LLC Purchases New Position in Everpure, Inc. $P

Meridian Wealth Management LLC purchased a new stake in shares of Everpure, Inc. (NYSE:P) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,102 shares of the company’s stock, valued at approximately $945,000.

Other institutional investors also recently bought and sold shares of the company. Versor Investments LP purchased a new stake in shares of Everpure in the fourth quarter valued at approximately $968,000. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of Everpure in the fourth quarter valued at approximately $1,149,000. Swiss Life Asset Management Ltd increased its position in shares of Everpure by 2.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 37,545 shares of the company’s stock valued at $2,516,000 after buying an additional 1,044 shares in the last quarter. Drive Wealth Management LLC increased its position in shares of Everpure by 32.7% in the fourth quarter. Drive Wealth Management LLC now owns 3,755 shares of the company’s stock valued at $252,000 after buying an additional 926 shares in the last quarter. Finally, Pure Financial Advisors LLC increased its position in shares of Everpure by 4.0% in the fourth quarter. Pure Financial Advisors LLC now owns 22,529 shares of the company’s stock valued at $1,510,000 after buying an additional 861 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on P. UBS Group boosted their price objective on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday, February 26th. Wells Fargo & Company cut their price objective on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Wall Street Zen upgraded Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating for the company. Finally, Northland Securities upgraded Everpure from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $77.00 to $81.00 in a research report on Monday, March 9th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued 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 $93.21.

Everpure Trading Up 1.4%

Shares of NYSE:P opened at $84.52 on Thursday. The company has a market capitalization of $27.93 billion, a PE ratio of 153.68, a PEG ratio of 6.22 and a beta of 1.44. Everpure, Inc. has a 1 year low of $50.20 and a 1 year high of $100.59.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Research analysts anticipate that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction on 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 transaction, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,265 shares of company stock worth $41,321,234 over the last quarter. 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.