SG Americas Securities LLC cut its stake in shares of Everpure, Inc. (NYSE:P – Free Report) by 11.1% in the first quarter, HoldingsChannel reports. The fund owned 277,645 shares of the company’s stock after selling 34,736 shares during the period. SG Americas Securities LLC’s holdings in Everpure were worth $16,392,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Diversified Trust Co increased its holdings in Everpure by 65.4% in the 1st quarter. Diversified Trust Co now owns 39,147 shares of the company’s stock worth $2,311,000 after acquiring an additional 15,486 shares in the last quarter. Pure Financial Advisors LLC lifted its holdings in Everpure by 4.0% during the fourth quarter. Pure Financial Advisors LLC now owns 22,529 shares of the company’s stock valued at $1,510,000 after purchasing an additional 861 shares in the last quarter. SHP Wealth Management bought a new position in shares of Everpure in the fourth quarter worth approximately $36,000. Reflection Asset Management purchased a new stake in shares of Everpure in the fourth quarter worth $32,000. Finally, Tobam raised its position in shares of Everpure by 66.8% during the 4th quarter. Tobam now owns 20,882 shares of the company’s stock valued at $1,399,000 after purchasing an additional 8,363 shares during the period. 83.42% of the stock is currently owned by institutional investors.
Insider Activity at Everpure
In other news, insider John Colgrove sold 200,000 shares of the firm’s 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 owned 6,625,221 shares in the company, valued at $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 649,280 shares of company stock worth $49,666,341. 5.10% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on P
Everpure Trading Down 1.5%
Shares of NYSE:P opened at $71.68 on Friday. The stock’s fifty day moving average is $76.60. Everpure, Inc. has a fifty-two week low of $53.43 and a fifty-two week high of $100.59. The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 108.61, a price-to-earnings-growth ratio of 4.12 and a beta of 1.44.
Everpure (NYSE:P – Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Equities research analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current year.
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.
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