Sterling Capital Management LLC reduced its position in shares of Everpure, Inc. (NYSE:P – Free Report) by 34.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,272 shares of the company’s stock after selling 5,470 shares during the period. Sterling Capital Management LLC’s holdings in Everpure were worth $1,343,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. JANA Partners Management LP acquired a new position in Everpure in the 2nd quarter valued at about $77,939,000. Assenagon Asset Management S.A. grew its stake in shares of Everpure by 504.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after buying an additional 829,476 shares during the period. Artemis Investment Management LLP grew its stake in shares of Everpure by 100.1% in the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after buying an additional 388,066 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $25,525,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Everpure during the 2nd quarter worth approximately $25,859,000. 83.42% of the stock is owned by hedge funds and other institutional investors.
Everpure Trading Up 6.4%
Shares of P opened at $131.24 on Tuesday. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57. The firm has a market capitalization of $43.73 billion, a PE ratio of 179.78, a PEG ratio of 4.11 and a beta of 1.39. The company’s 50-day moving average is $117.74.
Everpure (NYSE:P – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 37.7% on a year-over-year basis. Equities analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.
Wall Street Analyst Weigh In
P has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Everpure from $119.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. increased their price objective on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Susquehanna reissued a “positive” rating and set a $145.00 target price on shares of Everpure in a research note on Thursday, August 27th. Wells Fargo & Company raised their target price on Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Finally, Zacks Research upgraded Everpure from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and a consensus price target of $143.25.
View Our Latest Stock Report on P
Insider Transactions at Everpure
In other Everpure news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $145.00, for a total transaction of $14,500,000.00. Following the transaction, the insider directly owned 5,393,309 shares in the company, valued at $782,029,805. This represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Brown sold 4,268 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $156.03, for a total value of $665,936.04. Following the transaction, the director owned 23,415 shares in the company, valued at $3,653,442.45. This trade represents a 15.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,235,091 shares of company stock worth $142,276,537 in the last three months. Company insiders own 5.10% 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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