Susan J.S. Taylor Sells 8,543 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) Director Susan J.S. Taylor sold 8,543 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the transaction, the director 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Everpure Trading Down 5.0%

Shares of NYSE:P traded down $3.97 during trading on Monday, hitting $75.36. 2,205,732 shares of the company were exchanged, compared to its average volume of 3,393,628. Everpure, Inc. has a fifty-two week low of $53.43 and a fifty-two week high of $100.59. The stock has a market capitalization of $25.05 billion, a PE ratio of 114.19, a price-to-earnings-growth ratio of 4.49 and a beta of 1.45. The firm has a fifty day simple moving average of $77.17.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, sell-side analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Everpure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC raised its position in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Everpure by 2,884.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock worth $29,000 after buying an additional 375 shares during the period. Banque Transatlantique SA bought a new stake in shares of Everpure during the 3rd quarter worth about $29,000. Finally, Reflection Asset Management acquired a new position in Everpure in the 4th quarter valued at about $32,000. 83.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on P shares. Guggenheim increased their price target on shares of Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Lake Street Capital boosted their price objective on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Wedbush raised their target price on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Barclays lifted their price target on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $96.50.

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.