William Blair Investment Management LLC Sells 923,964 Shares of Everpure, Inc. $P

William Blair Investment Management LLC lessened its position in Everpure, Inc. (NYSE:P) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,742,928 shares of the company’s stock after selling 923,964 shares during the quarter. Everpure accounts for approximately 0.7% of William Blair Investment Management LLC’s portfolio, making the stock its 29th largest holding. William Blair Investment Management LLC owned about 1.13% of Everpure worth $250,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in P. Winnow Wealth LLC bought a new position in Everpure in the third quarter valued at $26,000. Provenance Wealth Advisors LLC bought a new position in Everpure in the third quarter valued at $27,000. Salomon & Ludwin LLC increased its stake in Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Everpure in the third quarter valued at $28,000. Finally, Sunbelt Securities Inc. increased its stake in 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 acquiring an additional 244 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Stock Up 10.6%

Everpure stock opened at $87.39 on Friday. The stock has a market cap of $28.88 billion, a PE ratio of 158.89, a PEG ratio of 6.52 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 posted its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Sell-side analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

P has been the subject of several analyst reports. UBS Group upped their price target on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and upped their price target for the company from $77.00 to $81.00 in a research report on Monday, March 9th. Weiss Ratings initiated coverage on shares of Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Finally, Barclays upped their price target on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $93.21.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 534,265 shares of company stock worth $41,321,234 in the last ninety days. Corporate insiders own 5.10% of the company’s stock.

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.