Everpure, Inc. $P Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in shares of Everpure, Inc. (NYSE:P) by 102.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,478 shares of the company’s stock after buying an additional 110,964 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.07% of Everpure worth $14,707,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in P. Provenance Wealth Advisors LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC lifted its holdings in Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. lifted its holdings in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after buying an additional 222 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Trading Up 4.4%

NYSE P opened at $72.40 on Friday. The firm has a market capitalization of $24.07 billion, a P/E ratio of 109.70, a P/E/G ratio of 3.92 and a beta of 1.44. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59.

Everpure (NYSE:P) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company’s revenue was up 35.2% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. On average, research analysts forecast that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on P. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Wells Fargo & Company increased their price objective on shares of Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research report on Thursday, May 14th. Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Finally, Wedbush increased their price objective on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Thirteen 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 company. According to MarketBeat, Everpure has a consensus rating of “Moderate Buy” and an average target price of $96.32.

Insider Activity at Everpure

In related news, insider John Colgrove sold 200,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This trade represents a 2.93% decrease in their position. 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. Over the last quarter, insiders have sold 644,545 shares of company stock valued at $49,302,220. Company 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.