Mariner LLC Purchases 80,039 Shares of Everpure, Inc. $P

Mariner LLC raised its position in Everpure, Inc. (NYSE:P) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,679,161 shares of the company’s stock after purchasing an additional 80,039 shares during the quarter. Mariner LLC owned 0.81% of Everpure worth $179,538,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Everpure by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,891,025 shares of the company’s stock valued at $2,840,407,000 after acquiring an additional 623,019 shares during the period. State Street Corp increased its stake in Everpure by 0.8% in the fourth quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after purchasing an additional 88,583 shares during the period. Geode Capital Management LLC increased its stake in Everpure by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after purchasing an additional 207,317 shares during the period. Atreides Management LP lifted its position in shares of Everpure by 15.4% during the third quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock worth $343,485,000 after purchasing an additional 545,890 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after purchasing an additional 3,573,493 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Price Performance

NYSE:P opened at $72.40 on Monday. Everpure, Inc. has a one year low of $50.20 and a one year high of $100.59. The stock has a market capitalization of $24.07 billion, a PE ratio of 109.70, a price-to-earnings-growth ratio of 4.09 and a beta of 1.44.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. Research analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

Insider Buying and Selling at Everpure

In related news, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the sale, the insider owned 2,615,000 shares of the company’s stock, valued at $185,769,600. This trade represents a 3.68% decrease in their ownership of the stock. The sale 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. In the last three months, insiders sold 644,545 shares of company stock worth $49,302,220. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on P shares. UBS Group upped their price target on shares of Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Lake Street Capital boosted their price objective on shares of Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wedbush upped their target price on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Wells Fargo & Company raised their target price on shares of Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Barclays lifted their price target on shares of Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and an average target price of $96.32.

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.