Everpure, Inc. $P Shares Sold by Sienna Gestion

Sienna Gestion reduced its position in Everpure, Inc. (NYSE:P) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,038 shares of the company’s stock after selling 16,608 shares during the quarter. Sienna Gestion’s holdings in Everpure were worth $6,815,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Provenance Wealth Advisors LLC purchased a new stake in shares of Everpure during the third quarter worth approximately $27,000. Salomon & Ludwin LLC raised its position in Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Everpure in the third quarter valued at $28,000. Sunbelt Securities Inc. increased its position in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after buying an additional 222 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Trading Up 3.1%

P stock opened at $74.54 on Tuesday. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59. The company has a market cap of $24.78 billion, a price-to-earnings ratio of 112.94, a price-to-earnings-growth ratio of 4.09 and a beta of 1.44.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same period in the previous year, the business earned $0.29 EPS. Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts forecast that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 99,900 shares of Everpure stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the sale, the insider directly owned 2,615,000 shares in the company, valued at $185,769,600. The trade was a 3.68% decrease in their position. The transaction was disclosed in a document filed 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. In the last quarter, insiders sold 644,545 shares of company stock worth $49,302,220. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on P shares. Guggenheim raised their price target on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Morgan Stanley raised their price target on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company lifted their price objective on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, UBS Group lifted their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

About Everpure

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.