Turiya Advisors Asia Ltd Makes New $67.01 Million Investment in Everpure, Inc. $P

Turiya Advisors Asia Ltd bought a new position in shares of Everpure, Inc. (NYSE:P) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,000,000 shares of the company’s stock, valued at approximately $67,010,000. Everpure comprises 10.3% of Turiya Advisors Asia Ltd’s portfolio, making the stock its 5th largest holding. Turiya Advisors Asia Ltd owned about 0.30% of Everpure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in P. Provenance Wealth Advisors LLC purchased a new stake in shares of Everpure during the third quarter worth about $27,000. Salomon & Ludwin LLC grew its holdings in shares of Everpure by 108.2% during 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 purchased a new stake in shares of Everpure during the third quarter worth about $28,000. Sunbelt Securities Inc. grew its holdings in shares of Everpure by 287.1% during 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. grew its holdings in shares of Everpure by 186.6% during 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. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 10,280 shares of the business’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 completion of the sale, the insider directly owned 6,614,941 shares in the company, valued at approximately $564,386,766.12. The trade was a 0.16% 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 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 ninety days. 5.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

P has been the subject of a number of recent research reports. Northland Securities set a $90.00 price target on shares of Everpure in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Everpure in a report on Thursday, May 28th. Lake Street Capital lifted their price target on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, UBS Group lifted their price target on shares of Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.32.

Everpure Stock Up 4.0%

Everpure stock opened at $69.19 on Friday. Everpure, Inc. has a 1 year low of $50.20 and a 1 year high of $100.59. The company has a market capitalization of $22.86 billion, a P/E ratio of 104.83, a P/E/G ratio of 3.76 and a beta of 1.44.

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