VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Everpure, Inc. (NYSE:P – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 96,573 shares of the company’s stock, valued at approximately $7,609,000.
A number of other large investors have also recently made changes to their positions in the company. California State Teachers Retirement System acquired a new position in Everpure during the 2nd quarter worth approximately $2,964,174,000. Greenland Capital Management LP acquired a new stake in shares of Everpure in the 2nd quarter valued at $604,000. Ameritas Advisory Services LLC purchased a new stake in shares of Everpure during the 2nd quarter worth $476,000. Wedmont Private Capital purchased a new stake in shares of Everpure during the 2nd quarter worth $531,000. Finally, HB Wealth Management LLC acquired a new position in shares of Everpure during the second quarter worth $1,019,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Everpure
In other news, Director Susan J.S. Taylor sold 8,543 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the sale, the director directly owned 94,608 shares of the company’s stock, valued at approximately $7,733,257.92. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Colgrove sold 64,815 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60. Following the completion of the sale, the insider directly owned 6,074,080 shares of the company’s stock, 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. Insiders have sold a total of 817,420 shares of company stock worth $77,269,792 in the last three months. Corporate insiders own 5.10% of the company’s stock.
Everpure Price Performance
Everpure (NYSE:P – Get Free Report) last announced its 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. The firm had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.Everpure’s revenue was up 37.7% on a year-over-year basis. As a group, equities research analysts forecast that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on P shares. Wedbush increased their target price on Everpure from $127.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Zacks Research cut Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Northland Securities increased their price objective on Everpure from $90.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Wells Fargo & Company raised their target price on Everpure from $97.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, William Blair restated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.10.
Read Our Latest Research Report on P
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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