8,269 Shares of Everpure, Inc. $P Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new stake in Everpure, Inc. (NYSE:P) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,269 shares of the company’s stock, valued at approximately $1,081,000.

A number of other hedge funds have also modified their holdings of P. Assenagon Asset Management S.A. boosted its stake in Everpure by 504.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock worth $130,003,000 after acquiring an additional 829,476 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Everpure by 100.1% during the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after purchasing an additional 388,066 shares during the period. JANA Partners Management LP acquired a new position in Everpure during the second quarter valued at approximately $77,939,000. Banque Pictet & Cie SA grew its holdings in Everpure by 5.0% during the third quarter. Banque Pictet & Cie SA now owns 242,400 shares of the company’s stock valued at $31,701,000 after purchasing an additional 11,559 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in Everpure in the second quarter valued at approximately $25,859,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

P has been the topic of several analyst reports. Zacks Research upgraded shares of Everpure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Raymond James Financial reissued an “outperform” rating and issued a $122.00 price target on shares of Everpure in a report on Thursday, August 27th. Weiss Ratings raised shares of Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Wedbush restated an “outperform” rating and issued a $130.00 price objective on shares of Everpure in a research report on Thursday, September 24th. Finally, JPMorgan Chase & Co. raised their price objective on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.25.

Everpure Stock Performance

Shares of Everpure stock opened at $137.13 on Friday. The company has a 50 day moving average price of $119.36. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.57. The firm has a market cap of $45.70 billion, a price-to-earnings ratio of 187.85, a PEG ratio of 4.62 and a beta of 1.39.

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

Insider Buying and Selling

In related news, Director Scott Dietzen sold 60,000 shares of the stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total transaction of $8,496,000.00. Following the completion of the transaction, the director owned 70,000 shares in the company, valued at approximately $9,912,000. This represents a 46.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mona Chu sold 5,112 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $151.40, for a total transaction of $773,956.80. Following the completion of the transaction, the chief accounting officer directly owned 125,982 shares of the company’s stock, valued at approximately $19,073,674.80. This trade represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,235,091 shares of company stock valued at $142,276,537 over the last ninety days. Insiders own 5.10% of the company’s stock.

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.