148,833 Shares in Everpure, Inc. $P Purchased by M&G PLC

M&G PLC acquired a new stake in Everpure, Inc. (NYSE:P) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 148,833 shares of the company’s stock, valued at approximately $19,497,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of P. Assenagon Asset Management S.A. raised its holdings in Everpure by 504.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after buying an additional 829,476 shares during the period. JANA Partners Management LP bought a new stake in Everpure in the second quarter worth $77,939,000. Artemis Investment Management LLP lifted its position in Everpure by 100.1% in the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after buying an additional 388,066 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Everpure by 15,793.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 451,842 shares of the company’s stock worth $60,606,000 after buying an additional 448,999 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Everpure during the second quarter worth $25,525,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andrew Brown sold 4,268 shares of Everpure stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the completion of the sale, the director directly owned 23,415 shares in the company, valued at approximately $3,653,442.45. This trade represents a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott Dietzen sold 60,000 shares of the business’s stock in a transaction on 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 represents a 46.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 810,186 shares of company stock valued at $101,589,120. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

P has been the topic of a number of analyst reports. TD Cowen boosted their price objective on shares of Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Raymond James Financial increased their target price on shares of Everpure from $122.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, September 25th. Lake Street Capital raised their target price on shares of Everpure from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Citigroup lifted their price target on shares of Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Finally, Evercore lifted their price target on shares of Everpure from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.65.

Everpure Stock Performance

Shares of NYSE P opened at $101.77 on Wednesday. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.57. The stock has a market capitalization of $33.91 billion, a P/E ratio of 139.41, a price-to-earnings-growth ratio of 3.43 and a beta of 1.43. The business has a 50 day simple moving average of $120.34.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The company 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 business’s quarterly revenue was up 37.7% on a year-over-year basis. Research analysts expect that Everpure, Inc. will post 0.95 EPS for the current year.

About Everpure

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.