Everpure, Inc. $P Stock Holdings Increased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its holdings in shares of Everpure, Inc. (NYSE:P) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,086,889 shares of the company’s stock after acquiring an additional 55,642 shares during the period. Stephens Investment Management Group LLC owned approximately 0.33% of Everpure worth $72,832,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Winnow Wealth LLC bought a new stake in Everpure during the 3rd quarter valued at $26,000. Provenance Wealth Advisors LLC bought a new stake in Everpure during the 3rd quarter valued at $27,000. Salomon & Ludwin LLC raised its stake in Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after acquiring an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Everpure during the 3rd quarter valued at $28,000. Finally, Sunbelt Securities Inc. raised its stake in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Insider Activity

In related news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the transaction, the insider directly owned 6,625,221 shares in the company, valued at $569,305,240.53. The trade was a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 534,265 shares of company stock valued at $41,321,234. Insiders own 5.10% of the company’s stock.

Everpure Stock Performance

Shares of NYSE P opened at $81.23 on Friday. The firm has a market capitalization of $26.84 billion, a P/E ratio of 147.70, a P/E/G ratio of 6.07 and a beta of 1.44. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59.

Everpure (NYSE:P) last issued its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts expect that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on P shares. Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Thursday. Wall Street Zen raised Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Piper Sandler reissued a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Everpure in a research note on Monday, February 23rd. Finally, Weiss Ratings started coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.21.

Everpure Company 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.