Motley Fool Asset Management LLC Buys New Position in Everpure, Inc. $P

Motley Fool Asset Management LLC purchased a new position in shares of Everpure, Inc. (NYSE:P) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 10,265 shares of the company’s stock, valued at approximately $1,342,000.

A number of other institutional investors and hedge funds have also bought and sold shares of P. North Dakota State Investment Board boosted its stake in shares of Everpure by 69.5% in the 3rd quarter. North Dakota State Investment Board now owns 15,853 shares of the company’s stock worth $2,073,000 after buying an additional 6,501 shares during the last quarter. VestGen Advisors LLC bought a new position in shares of Everpure in the third quarter valued at approximately $212,000. Moody Aldrich Partners LLC bought a new position in shares of Everpure in the third quarter valued at approximately $296,000. Generali Asset Management SPA SGR purchased a new stake in shares of Everpure during the third quarter valued at approximately $1,081,000. Finally, Asset Management One Co. Ltd. increased its position in shares of Everpure by 14.7% during the third quarter. Asset Management One Co. Ltd. now owns 139,048 shares of the company’s stock valued at $18,185,000 after acquiring an additional 17,798 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Price Performance

NYSE:P opened at $137.13 on Friday. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $157.57. The business has a 50 day moving average of $119.36. The company has a market cap of $45.70 billion, a PE ratio of 187.85, a PEG ratio of 4.62 and a beta of 1.39.

Everpure (NYSE:P) last released its earnings results 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. The business had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. Everpure’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Bank of America raised Everpure from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $150.00 in a research report on Thursday, August 27th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Everpure in a research note on Monday, October 12th. Piper Sandler boosted their price target on shares of Everpure from $133.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, September 24th. Finally, Weiss Ratings raised shares of Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and a consensus price target of $143.25.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the stock in a transaction 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 completion of the transaction, the insider owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,235,091 shares of company stock worth $142,276,537. 5.10% of the stock is currently owned by corporate insiders.

Everpure Company 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.