Franklin Resources Inc. Has $201.53 Million Holdings in Everpure, Inc. $P

Franklin Resources Inc. raised its position in Everpure, Inc. (NYSE:P) by 28.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,007,431 shares of the company’s stock after acquiring an additional 666,941 shares during the period. Franklin Resources Inc.’s holdings in Everpure were worth $201,528,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of P. Integrated Wealth Concepts LLC purchased a new position in shares of Everpure during the first quarter valued at approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Everpure by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after buying an additional 595,307 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after buying an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after buying an additional 2,316 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 10,280 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $85.32, for a total value of $877,089.60. Following the sale, the insider directly owned 6,614,941 shares in the company, valued at $564,386,766.12. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 544,545 shares of company stock worth $42,198,324 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

P has been the topic of several analyst reports. Guggenheim lifted their target price on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Piper Sandler reaffirmed an “overweight” rating 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. JPMorgan Chase & Co. lifted their target price on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, UBS Group lifted their target price on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.32.

Everpure Stock Performance

Shares of Everpure stock opened at $69.93 on Wednesday. The firm has a market cap of $23.11 billion, a P/E ratio of 105.95, a price-to-earnings-growth ratio of 4.17 and a beta of 1.44. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. Research analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current year.

Everpure Company 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.