Polar Capital Holdings Plc Trims Holdings in Everpure, Inc. $P

Polar Capital Holdings Plc lowered its stake in shares of Everpure, Inc. (NYSE:P) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,491,444 shares of the company’s stock after selling 1,339,697 shares during the quarter. Polar Capital Holdings Plc owned approximately 0.45% of Everpure worth $99,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in P. Norges Bank bought a new position in Everpure during the 4th quarter valued at $265,327,000. Arrowstreet Capital Limited Partnership increased its position in shares of Everpure by 786.9% in the 3rd 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. Atreides Management LP bought a new stake in shares of Everpure in the 2nd quarter worth about $204,552,000. AQR Capital Management LLC raised its stake in shares of Everpure by 158.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock valued at $110,473,000 after purchasing an additional 1,188,126 shares in the last quarter. Finally, Turiya Advisors Asia Ltd acquired a new stake in shares of Everpure in the 4th quarter valued at about $67,010,000. Institutional investors own 83.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Lake Street Capital lifted their price target on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wedbush upped 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. Barclays lifted their target price on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings started coverage on Everpure in a report on Monday, April 20th. They issued a “hold (c)” rating for the company. Finally, JPMorgan Chase & Co. upped their price target on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Everpure has an average rating of “Moderate Buy” and an average price target of $96.32.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00. Following the sale, the insider directly owned 2,615,000 shares in the company, valued at approximately $185,769,600. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 644,545 shares of company stock valued at $49,302,220 in the last quarter. Company insiders own 5.10% of the company’s stock.

Everpure Price Performance

NYSE:P opened at $73.18 on Wednesday. The company has a market cap of $24.33 billion, a PE ratio of 110.89, a P/E/G ratio of 4.23 and a beta of 1.44. Everpure, Inc. has a 52 week low of $50.87 and a 52 week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (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 for the quarter, compared to the consensus estimate of $997.88 million. During the same quarter last year, the business posted $0.29 EPS. The business’s revenue was up 35.2% on a year-over-year basis. Equities research analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current year.

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.