40,325 Everpure, Inc. $P Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its holdings in Everpure, Inc. (NYSE:P) by 44.6% in the third quarter, Holdings Channel reports. The institutional investor owned 50,012 shares of the company’s stock after selling 40,325 shares during the quarter. Inspire Investing LLC’s holdings in Everpure were worth $6,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JANA Partners Management LP purchased a new stake in shares of Everpure during the second quarter worth $77,939,000. Assenagon Asset Management S.A. boosted its holdings in shares of Everpure by 504.0% in the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock worth $130,003,000 after acquiring an additional 829,476 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Everpure by 100.1% in the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after acquiring an additional 388,066 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Everpure in the second quarter valued at $25,525,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Everpure in the second quarter valued at $25,859,000. Institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

P has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on Everpure from $119.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Oppenheimer restated an “outperform” rating and issued a $140.00 target price on shares of Everpure in a research note on Thursday, August 20th. Guggenheim raised their target price on Everpure from $150.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Piper Sandler lifted their target price on Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, September 24th. Finally, TD Cowen upped their price target on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.25.

Everpure Price Performance

P opened at $123.33 on Friday. The stock has a market cap of $41.10 billion, a price-to-earnings ratio of 168.94, a P/E/G ratio of 4.04 and a beta of 1.39. Everpure, Inc. has a one year low of $56.78 and a one year high of $157.57. The firm’s fifty day moving average price is $117.36.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The company had revenue of $1.19 billion for the quarter. The company’s revenue was up 37.7% compared to the same quarter last year. 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 company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00. Following the transaction, the insider directly owned 6,474,080 shares in the company, valued at $627,856,278.40. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,235,091 shares of company stock worth $142,276,537 in the last three months. 5.10% of the stock is owned by insiders.

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.