Eurizon Capital SGR S.p.A. Purchases New Position in Everpure, Inc. $P

Eurizon Capital SGR S.p.A. purchased a new stake in Everpure, Inc. (NYSE:P) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,622 shares of the company’s stock, valued at approximately $1,852,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC purchased a new stake in Everpure in the third quarter valued at approximately $27,000. Sunbelt Securities Inc. lifted its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Everpure in the third quarter valued at approximately $28,000. Assetmark Inc. lifted its stake in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Everpure in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on P. Morgan Stanley boosted their price objective on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price objective on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Barclays boosted their price objective on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wedbush boosted their price objective on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Lake Street Capital boosted their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Everpure has an average rating of “Moderate Buy” and an average target price of $96.32.

Everpure Price Performance

Everpure stock opened at $82.86 on Wednesday. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59. The company has a market cap of $27.38 billion, a PE ratio of 125.54, a P/E/G ratio of 5.99 and a beta of 1.44.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Everpure, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the sale, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,265 shares of company stock worth $41,321,234 in the last three months. 5.10% of the stock is owned by corporate insiders.

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.