Pictet Asset Management Holding SA lifted its position in Everpure, Inc. (NYSE:P – Free Report) by 22.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,702 shares of the company’s stock after acquiring an additional 29,386 shares during the period. Pictet Asset Management Holding SA’s holdings in Everpure were worth $9,302,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Everpure in the fourth quarter valued at approximately $265,327,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after purchasing an additional 3,573,493 shares in the last quarter. Atreides Management LP acquired a new position in shares of Everpure in the 2nd quarter valued at $204,552,000. Polar Capital Holdings Plc grew its holdings in shares of Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after buying an additional 1,345,207 shares during the period. Finally, AQR Capital Management LLC increased its position 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 buying an additional 1,315,351 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.
Insider Buying and Selling at Everpure
In related news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a 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. Insiders sold 654,015 shares of company stock worth $50,009,960 over the last ninety days. 5.10% of the stock is owned by corporate insiders.
Everpure Stock Up 0.2%
Everpure (NYSE:P – Get Free Report) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, equities research analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently commented on P shares. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Wall Street Zen cut Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Guggenheim increased their price target on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company raised their price target on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Wedbush lifted their price objective on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.50.
View Our Latest Stock Report on Everpure
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.
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