Mitsubishi UFJ Trust & Banking Corp Reduces Position in Everpure, Inc. $P

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Everpure, Inc. (NYSE:P) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,133 shares of the company’s stock after selling 8,327 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Everpure were worth $8,586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in P. Arrowstreet Capital Limited Partnership boosted its position in shares of Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after buying an additional 3,573,493 shares during the period. Atreides Management LP bought a new stake in shares of Everpure during the 2nd quarter worth approximately $204,552,000. Polar Capital Holdings Plc lifted its stake in shares of Everpure by 90.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after acquiring an additional 1,345,207 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Everpure by 158.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock valued at $110,473,000 after acquiring an additional 1,188,126 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in Everpure by 69.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock valued at $146,798,000 after acquiring an additional 717,834 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $77.00 to $81.00 in a report on Monday, March 9th. Finally, Citigroup dropped their target price on shares of Everpure from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.21.

Insider Activity at Everpure

In other news, insider John Colgrove sold 82,266 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $70.50, for a total value of $5,799,753.00. Following the completion of the transaction, the insider directly owned 66,927 shares of the company’s stock, valued at approximately $4,718,353.50. The trade was a 55.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 200,000 shares of company stock valued at $14,046,750. Insiders own 0.43% of the company’s stock.

Everpure Stock Performance

NYSE P opened at $71.59 on Friday. Everpure, Inc. has a 52-week low of $46.31 and a 52-week high of $100.59. The company has a market cap of $23.66 billion, a PE ratio of 130.16, a price-to-earnings-growth ratio of 5.35 and a beta of 1.44.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. Everpure’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities analysts predict that Everpure, Inc. will post 0.72 earnings per share 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.