Los Angeles Capital Management LLC raised its stake in shares of Everpure, Inc. (NYSE:P – Free Report) by 33.6% during the fourth quarter, HoldingsChannel reports. The fund owned 265,947 shares of the company’s stock after acquiring an additional 66,917 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Everpure were worth $17,821,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in P. Norges Bank bought a new position in Everpure during the 4th quarter valued at $265,327,000. Arrowstreet Capital Limited Partnership boosted its stake in Everpure by 786.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after acquiring an additional 3,573,493 shares during the last quarter. Atreides Management LP bought a new position in Everpure during the 2nd quarter valued at $204,552,000. Polar Capital Holdings Plc boosted its stake in Everpure by 90.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after acquiring an additional 1,345,207 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Everpure by 158.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock valued at $110,473,000 after acquiring an additional 1,188,126 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors.
Everpure Stock Performance
Shares of NYSE:P opened at $72.19 on Monday. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of 109.39, a price-to-earnings-growth ratio of 5.12 and a beta of 1.44. Everpure, Inc. has a 1-year low of $50.20 and a 1-year high of $100.59.
Insider Buying and Selling at Everpure
In other Everpure news, insider John Colgrove sold 10,280 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total transaction of $877,089.60. Following the sale, the insider directly owned 6,614,941 shares of the company’s stock, valued at approximately $564,386,766.12. This represents a 0.16% decrease in their ownership of the stock. The sale 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. Insiders have sold 544,545 shares of company stock worth $42,198,324 over the last 90 days. 5.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on P. Barclays increased their price objective on shares of Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. UBS Group increased their price objective on shares of Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Piper Sandler reissued an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Wedbush increased their target price on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. 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 report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and an average target price of $96.32.
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.
Further Reading
- Five stocks we like better than Everpure
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding P? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everpure, Inc. (NYSE:P – Free Report).
Receive News & Ratings for Everpure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everpure and related companies with MarketBeat.com's FREE daily email newsletter.
