Everpure, Inc. $P Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in Everpure, Inc. (NYSE:P) by 34.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,424 shares of the company’s stock after selling 97,060 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Everpure worth $23,727,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Diversify Advisory Services LLC grew its stake in Everpure by 4.4% during the third quarter. Diversify Advisory Services LLC now owns 3,976 shares of the company’s stock valued at $530,000 after acquiring an additional 166 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Everpure by 15.8% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 98,870 shares of the company’s stock valued at $12,930,000 after acquiring an additional 13,462 shares during the last quarter. MBM Wealth Consultants LLC lifted its stake in Everpure by 6.1% in the 3rd quarter. MBM Wealth Consultants LLC now owns 14,703 shares of the company’s stock worth $1,923,000 after purchasing an additional 842 shares in the last quarter. 55 North Private Wealth LLC purchased a new stake in Everpure in the 3rd quarter worth $211,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in Everpure in the 3rd quarter worth $201,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, September 24th. Citigroup lifted their target price on Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Morgan Stanley lifted their target price on Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, September 24th. DA Davidson set a $100.00 target price on Everpure in a research report on Wednesday, July 1st. Finally, Northland Securities set a $167.00 price target on Everpure in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.25.

Everpure Stock Up 1.8%

Shares of NYSE:P opened at $123.33 on Friday. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.57. The stock has a market cap of $41.10 billion, a PE ratio of 168.94, a P/E/G ratio of 4.04 and a beta of 1.39. The business has a fifty day simple moving average of $117.36.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business’s revenue was up 37.7% on a year-over-year basis. On average, equities research analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the sale, the insider directly owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,235,091 shares of company stock valued at $142,276,537 in the last ninety days. 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.