Everpure (NYSE:P – Free Report) had its price target boosted by TD Cowen from $100.00 to $170.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.
P has been the subject of a number of other research reports. Northland Securities set a $90.00 target price on shares of Everpure in a research report on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Zacks Research downgraded shares of Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Sixteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $105.95.
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Everpure Stock Performance
Everpure (NYSE:P – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. On average, research analysts predict that Everpure will post 0.93 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Susan J.S. Taylor sold 8,543 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the completion of the sale, the director owned 94,608 shares of the company’s stock, valued at $7,733,257.92. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Colgrove sold 64,815 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the sale, the insider owned 6,074,080 shares in the company, valued at $713,339,955.20. The trade was a 1.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 827,800 shares of company stock valued at $78,153,882. Company insiders own 5.10% of the company’s stock.
Institutional Trading of Everpure
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Everpure during the 1st quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Everpure by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after acquiring an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Everpure by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after acquiring an additional 595,307 shares during the last quarter. Empowered Funds LLC raised its stake in Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after acquiring an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after acquiring an additional 2,316 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.
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.
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