12,202 Everpure, Inc. $P Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its position in shares of Everpure, Inc. (NYSE:P) by 54.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,244 shares of the company’s stock after selling 12,202 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Everpure were worth $1,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY acquired a new stake in Everpure in the second quarter valued at $2,127,000. Nykredit A S purchased a new position in shares of Everpure in the second quarter valued at $9,412,000. Wellington Management Group LLP purchased a new position in shares of Everpure in the second quarter valued at $2,192,000. Sequoia Financial Advisors LLC acquired a new position in shares of Everpure during the 2nd quarter worth $814,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Everpure during the 2nd quarter worth $25,525,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Up 3.5%

Shares of NYSE:P opened at $110.19 on Friday. The company has a market capitalization of $36.72 billion, a P/E ratio of 150.95, a P/E/G ratio of 3.55 and a beta of 1.43. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.57. The stock’s fifty day simple moving average is $120.95 and its 200-day simple moving average is $95.92.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping 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%. The company’s revenue was up 37.7% on a year-over-year basis. On average, sell-side analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on P. Evercore boosted their price objective on shares of Everpure from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, October 5th. Piper Sandler increased their price objective on shares of Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Bank of America raised their target price on shares of Everpure from $150.00 to $180.00 in a report on Thursday, September 24th. Oppenheimer restated an “outperform” rating and set a $140.00 target price (up from $100.00) on shares of Everpure in a research report on Thursday, August 20th. Finally, Lake Street Capital upped their price target on shares of Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus price target of $149.05.

Insider Activity

In other Everpure news, Director Scott Dietzen sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total transaction of $8,496,000.00. Following the sale, the director directly owned 70,000 shares of the company’s stock, valued at $9,912,000. This trade represents a 46.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mallun Yen sold 11,942 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $146.97, for a total transaction of $1,755,115.74. Following the sale, the director directly owned 31,339 shares in the company, valued at $4,605,892.83. This represents a 27.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 745,371 shares of company stock valued at $92,333,246 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Everpure Profile

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.