Leonteq Securities AG Invests $718,000 in Everpure, Inc. $P

Leonteq Securities AG acquired a new position in Everpure, Inc. (NYSE:P) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,719 shares of the company’s stock, valued at approximately $718,000.

A number of other hedge funds have also recently made changes to their positions in P. Arrowstreet Capital Limited Partnership lifted its holdings 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 acquiring 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 approximately $204,552,000. Polar Capital Holdings Plc lifted its holdings in shares of Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after acquiring an additional 1,345,207 shares during the last quarter. AQR Capital Management LLC lifted its holdings 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 worth $110,473,000 after acquiring an additional 1,188,126 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Everpure by 69.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock worth $146,798,000 after acquiring an additional 717,834 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors.

Everpure Trading Up 10.6%

Shares of Everpure stock opened at $87.39 on Friday. The firm has a market cap of $28.88 billion, a price-to-earnings ratio of 158.89, a P/E/G ratio of 5.91 and a beta of 1.44. Everpure, Inc. has a 12-month low of $50.20 and a 12-month high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. On average, analysts forecast that Everpure, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on P. Piper Sandler restated a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $81.00 in a report on Monday, March 9th. Barclays upped their price target on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Everpure in a report on Monday, February 23rd. Finally, Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.21.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 534,265 shares of company stock worth $41,321,234. 5.10% of the stock is currently owned by insiders.

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.