Knollwood Investment Advisory LLC Invests $418,000 in Everpure, Inc. $P

Knollwood Investment Advisory LLC bought a new position in shares of Everpure, Inc. (NYSE:P) in the second quarter, Holdings Channel.com reports. The institutional investor bought 5,300 shares of the company’s stock, valued at approximately $418,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in Everpure by 0.8% in the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after buying an additional 88,583 shares during the period. Geode Capital Management LLC raised its position in Everpure by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after buying an additional 207,317 shares during the last quarter. Norges Bank acquired a new stake in Everpure during the 4th quarter valued at approximately $265,327,000. Atreides Management LP purchased a new stake in shares of Everpure in the 2nd quarter valued at $204,552,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Everpure by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock valued at $228,820,000 after acquiring an additional 1,315,351 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Up 6.0%

P opened at $97.98 on Friday. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $119.10. The firm has a fifty day moving average price of $87.26. The stock has a market capitalization of $32.57 billion, a PE ratio of 134.22, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion for the quarter. Everpure’s quarterly revenue was up 37.7% on a year-over-year basis. On average, analysts predict that Everpure, Inc. will post 0.96 earnings per share for the current year.

Analyst Ratings Changes

P has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of Everpure from $97.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Needham & Company LLC upped their price target on shares of Everpure from $100.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 27th. JPMorgan Chase & Co. increased their price target on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. UBS Group lifted their price objective on Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a research note on Thursday, August 27th. Finally, Northland Securities boosted their price objective on Everpure from $90.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and an average target price of $129.10.

Insider Buying and Selling

In other news, insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the sale, the insider directly owned 340,939 shares in the company, valued at $26,634,154.68. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the sale, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. This trade represents a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 817,520 shares of company stock valued at $77,276,792. 5.10% of the stock is owned by company insiders.

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.