Erste Asset Management GmbH Sells 62,553 Shares of Everpure, Inc. $P

Erste Asset Management GmbH cut its holdings in shares of Everpure, Inc. (NYSE:P) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 420,247 shares of the company’s stock after selling 62,553 shares during the period. Erste Asset Management GmbH owned approximately 0.13% of Everpure worth $28,211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in P. Integrated Wealth Concepts LLC bought a new stake in shares of Everpure during the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after acquiring an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Everpure by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after purchasing an additional 595,307 shares in the last quarter. Empowered Funds LLC grew its position in Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after purchasing an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after purchasing an additional 2,316 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

Everpure Stock Performance

P opened at $72.19 on Monday. The stock has a market capitalization of $23.86 billion, a price-to-earnings ratio of 109.39, a P/E/G ratio of 5.12 and a beta of 1.44. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59.

Everpure (NYSE:P) last released its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, research analysts anticipate that Everpure, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on P shares. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Thursday, May 14th. Wedbush boosted their price objective on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley raised their target price on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Thirteen equities 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, the company has an average rating of “Moderate Buy” and an average price target of $96.32.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 6,625,221 shares in the company, valued at $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 544,545 shares of company stock valued at $42,198,324 in the last 90 days. 5.10% of the stock is owned by insiders.

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.