Everpure, Inc. $P Stock: North Dakota State Investment Board Grows Stake

North Dakota State Investment Board lifted its stake in shares of Everpure, Inc. (NYSE:P) by 69.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,853 shares of the company’s stock after buying an additional 6,501 shares during the period. North Dakota State Investment Board’s holdings in Everpure were worth $2,073,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Family Legacy Financial Solutions LLC increased its position in shares of Everpure by 3.6% in the third quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company’s stock worth $276,000 after purchasing an additional 73 shares during the period. IFP Advisors Inc raised its stake in Everpure by 1.1% in the third quarter. IFP Advisors Inc now owns 10,449 shares of the company’s stock valued at $1,367,000 after purchasing an additional 115 shares in the last quarter. Fortitude Family Office LLC lifted its position in Everpure by 49.0% during the third quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock worth $47,000 after purchasing an additional 119 shares during the period. Brookstone Capital Management lifted its position in Everpure by 4.4% during the third quarter. Brookstone Capital Management now owns 2,877 shares of the company’s stock worth $376,000 after purchasing an additional 121 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in Everpure by 4.4% during the third quarter. Diversify Advisory Services LLC now owns 3,976 shares of the company’s stock worth $530,000 after purchasing an additional 166 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna reiterated a “positive” rating and set a $145.00 price objective on shares of Everpure in a research note on Thursday, August 27th. UBS Group boosted their target price on shares of Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday, August 27th. Citigroup upped their price target on shares of Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Wells Fargo & Company upped their price target on shares of Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, September 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Everpure in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $143.25.

Everpure Price Performance

Everpure stock opened at $137.13 on Friday. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $157.57. The firm has a market cap of $45.70 billion, a PE ratio of 187.85, a P/E/G ratio of 4.62 and a beta of 1.39. The stock’s fifty day simple moving average is $119.36.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The business had revenue of $1.19 billion for the quarter. The firm’s revenue was up 37.7% compared to the same quarter last year. As a group, research analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current year.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at approximately $627,856,278.40. This represents a 3.00% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,235,091 shares of company stock valued at $142,276,537 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

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.