3,920 Shares in Everpure, Inc. $P Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC acquired a new stake in shares of Everpure, Inc. (NYSE:P) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,920 shares of the company’s stock, valued at approximately $513,000.

Several other hedge funds also recently bought and sold shares of P. Assenagon Asset Management S.A. grew its position in Everpure by 504.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after acquiring an additional 829,476 shares during the last quarter. JANA Partners Management LP bought a new stake in shares of Everpure during the second quarter worth $77,939,000. Artemis Investment Management LLP boosted its stake in shares of Everpure by 100.1% during the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after purchasing an additional 388,066 shares during the period. Raiffeisen Bank International AG purchased a new stake in shares of Everpure during the second quarter valued at $25,525,000. Finally, Engineers Gate Manager LP bought a new position in shares of Everpure in the second quarter worth about $25,859,000. Institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

P has been the topic of several recent analyst reports. TD Cowen raised their price target on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. boosted their price objective on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Barclays upped their target price on shares of Everpure from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, September 25th. Morgan Stanley raised their target price on shares of Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Finally, Lake Street Capital lifted their price target on shares of Everpure from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Everpure presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.25.

Everpure Stock Performance

Shares of Everpure stock opened at $137.13 on Friday. The stock has a market capitalization of $45.70 billion, a price-to-earnings ratio of 187.85, a P/E/G ratio of 4.62 and a beta of 1.39. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $157.57. The company’s fifty day moving average price is $119.36.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion during the quarter. The firm’s revenue was up 37.7% compared to the same quarter last year. As a group, research analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Mona Chu sold 5,112 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $151.40, for a total value of $773,956.80. Following the completion of the sale, the chief accounting officer owned 125,982 shares of the company’s stock, valued at approximately $19,073,674.80. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $145.00, for a total transaction of $14,500,000.00. Following the completion of the sale, the insider directly owned 5,393,309 shares of the company’s stock, valued at $782,029,805. The trade was a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,235,091 shares of company stock worth $142,276,537. 5.10% of the stock is owned by corporate insiders.

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.