NWF Advisory Services Inc. Purchases Shares of 8,001 Everpure, Inc. $P

NWF Advisory Services Inc. purchased a new stake in Everpure, Inc. (NYSE:P) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,001 shares of the company’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds also recently modified their holdings of P. Integrated Wealth Concepts LLC bought a new position in shares of Everpure during the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after acquiring an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Everpure by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after acquiring an additional 595,307 shares in the last quarter. Empowered Funds LLC boosted its position in Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after acquiring an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Everpure by 261.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after acquiring an additional 2,316 shares during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Andrew Brown sold 4,735 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $72.57, for a total value of $343,618.95. Following the sale, the director directly owned 27,683 shares of the company’s stock, valued at approximately $2,008,955.31. This represents a 14.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan J.S. Taylor sold 8,543 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the completion of the sale, the director directly owned 94,608 shares in the company, valued at approximately $7,733,257.92. The trade was a 8.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 817,520 shares of company stock worth $77,276,792. 5.10% of the stock is owned by insiders.

Analysts Set New Price Targets

P has been the subject of several research reports. Guggenheim reaffirmed a “buy” rating and set a $150.00 price target on shares of Everpure in a research note on Thursday, August 27th. Northland Securities boosted their price objective on shares of Everpure from $90.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Needham & Company LLC increased their target price on shares of Everpure from $100.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Susquehanna reaffirmed a “positive” rating and issued a $145.00 target price on shares of Everpure in a research report on Thursday, August 27th. Finally, Citigroup lifted their price target on shares of Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.10.

Everpure Trading Up 1.4%

Shares of Everpure stock opened at $99.50 on Friday. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $119.10. The company has a market cap of $33.07 billion, a PE ratio of 136.30, a P/E/G ratio of 3.95 and a beta of 1.43. The business’s 50 day moving average is $87.86.

Everpure (NYSE:P) last released its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s revenue was up 37.7% compared to the same quarter last year. Analysts forecast that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

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.