Goldman Sachs Group Inc. Buys 265,846 Shares of Everpure, Inc. $P

Goldman Sachs Group Inc. increased its stake in Everpure, Inc. (NYSE:P) by 20.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,554,240 shares of the company’s stock after acquiring an additional 265,846 shares during the period. Goldman Sachs Group Inc.’s holdings in Everpure were worth $104,150,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of P. Provenance Wealth Advisors LLC bought a new position in Everpure in the third quarter worth about $27,000. Salomon & Ludwin LLC raised its stake 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 buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Everpure in the third quarter worth about $28,000. Sunbelt Securities Inc. raised its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after buying an additional 222 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on P shares. Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Wedbush raised their target price on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings began coverage on shares of Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating for the company. Morgan Stanley raised their target price on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Everpure in a research note on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.32.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 10,280 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total value of $877,089.60. Following the sale, the insider owned 6,614,941 shares in the company, valued at approximately $564,386,766.12. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 544,545 shares of company stock valued at $42,198,324 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Everpure Stock Performance

Shares of P stock opened at $69.93 on Wednesday. Everpure, Inc. has a 12-month low of $50.20 and a 12-month high of $100.59. The company has a market capitalization of $23.11 billion, a P/E ratio of 105.95, a P/E/G ratio of 4.17 and a beta of 1.44.

Everpure (NYSE:P) last issued its earnings results 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 net margin of 5.75% and a return on equity of 15.97%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter last year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. As a group, equities analysts predict that Everpure, Inc. will post 0.92 EPS for the current year.

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.