Everpure, Inc. $P Stock Holdings Increased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in shares of Everpure, Inc. (NYSE:P) by 24.9% in the third quarter, Holdings Channel reports. The institutional investor owned 175,809 shares of the company’s stock after purchasing an additional 35,079 shares during the period. Pictet Asset Management Holding SA’s holdings in Everpure were worth $22,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure in the 3rd quarter valued at about $47,000. Fortitude Family Office LLC raised its position in shares of Everpure by 49.0% during the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock worth $47,000 after acquiring an additional 119 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Everpure during the 2nd quarter worth about $29,000. Reyes Financial Architecture Inc. purchased a new stake in Everpure during the third quarter worth approximately $48,000. Finally, Root Financial Partners LLC purchased a new stake in Everpure during the third quarter worth approximately $61,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Everpure

In other news, Director Mallun Yen sold 11,942 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $146.97, for a total value of $1,755,115.74. Following the completion of the sale, the director directly owned 31,339 shares of the company’s stock, valued at approximately $4,605,892.83. This represents a 27.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $153.73, for a total transaction of $15,373,000.00. Following the transaction, the insider owned 2,415,000 shares in the company, valued at approximately $371,257,950. This trade represents a 3.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 710,186 shares of company stock worth $89,868,120. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group upped their price target on Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a report on Thursday, August 27th. Barclays increased their price target on shares of Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a research note on Friday, September 25th. Susquehanna raised their price objective on shares of Everpure from $145.00 to $175.00 and gave the stock a “positive” rating in a report on Friday, September 25th. Evercore boosted their price objective on shares of Everpure from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, October 5th. Finally, Needham & Company LLC upped their target price on shares of Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and a consensus price target of $148.65.

Everpure Stock Performance

Shares of P stock opened at $106.46 on Thursday. The business’s 50-day moving average price is $120.59. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 125.90, a price-to-earnings-growth ratio of 3.40 and a beta of 1.43. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57.

Everpure (NYSE:P) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. Everpure’s revenue was up 37.7% on a year-over-year basis. On average, research analysts forecast that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Everpure Profile

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.