Diker Management LLC Makes New Investment in Everpure, Inc. $P

Diker Management LLC acquired a new position in shares of Everpure, Inc. (NYSE:PFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,000 shares of the company’s stock, valued at approximately $1,005,000. Everpure makes up approximately 0.8% of Diker Management LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Graham Capital Management L.P. acquired a new position in Everpure during the fourth quarter worth $275,000. Royal Bank of Canada increased its stake in shares of Everpure by 32.0% in the fourth quarter. Royal Bank of Canada now owns 1,315,893 shares of the company’s stock valued at $88,178,000 after buying an additional 318,911 shares in the last quarter. Rakuten Investment Management Inc. increased its stake in shares of Everpure by 232.0% in the fourth quarter. Rakuten Investment Management Inc. now owns 13,225 shares of the company’s stock valued at $905,000 after buying an additional 9,241 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Everpure by 11.1% in the fourth quarter. Truvestments Capital LLC now owns 10,142 shares of the company’s stock valued at $680,000 after buying an additional 1,012 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Everpure by 2.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 40,038 shares of the company’s stock valued at $2,683,000 after buying an additional 890 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Price Performance

Everpure stock opened at $73.18 on Wednesday. Everpure, Inc. has a 1 year low of $50.87 and a 1 year high of $100.59. The stock has a market cap of $24.33 billion, a PE ratio of 110.89, a P/E/G ratio of 4.23 and a beta of 1.44.

Everpure (NYSE:PGet Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter in the prior year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. Equities analysts forecast that Everpure, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

P has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Lake Street Capital raised their target price on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Everpure in a research note on Thursday, May 28th. Weiss Ratings started coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating for the company. Finally, Barclays raised their price target on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

Check Out Our Latest Stock Report on P

Insiders Place Their Bets

In related news, insider John Colgrove sold 99,900 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00. Following the sale, the insider owned 2,615,000 shares in the company, valued at approximately $185,769,600. This represents a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 644,545 shares of company stock valued at $49,302,220. 5.10% of the stock is currently owned by corporate insiders.

Everpure Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Everpure (NYSE:P)

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