Tredje AP fonden Invests $2.14 Million in Everpure, Inc. $P

Tredje AP fonden purchased a new position in shares of Everpure, Inc. (NYSE:P) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 31,967 shares of the company’s stock, valued at approximately $2,142,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Everpure by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the company’s stock worth $2,840,407,000 after acquiring an additional 623,019 shares during the period. State Street Corp lifted its holdings in shares of Everpure by 1.9% during the 3rd quarter. State Street Corp now owns 10,864,918 shares of the company’s stock worth $910,589,000 after acquiring an additional 199,831 shares during the period. Atreides Management LP lifted its holdings in shares of Everpure by 15.4% during the 3rd quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock worth $343,485,000 after acquiring an additional 545,890 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Everpure by 786.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after acquiring an additional 3,573,493 shares during the period. Finally, Polar Capital Holdings Plc increased its position in 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 purchasing an additional 1,345,207 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Stock Up 2.3%

P stock opened at $77.80 on Thursday. The company has a market cap of $25.71 billion, a P/E ratio of 141.46, a P/E/G ratio of 5.69 and a beta of 1.44. Everpure, Inc. has a 1 year low of $50.20 and a 1 year high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $0.45 EPS. The company’s revenue was up 20.4% on a year-over-year basis. As a group, research analysts expect that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 534,265 shares of company stock valued at $41,321,234. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on P shares. Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $77.00 to $81.00 in a research report on Monday, March 9th. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings started coverage on shares of Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. JPMorgan Chase & Co. lowered their price objective on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Everpure in a research report on Monday, February 23rd. Twelve 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.21.

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.