Hantz Financial Services Inc. Decreases Position in Everpure, Inc. $P

Hantz Financial Services Inc. decreased its stake in Everpure, Inc. (NYSE:P) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,266 shares of the company’s stock after selling 30,543 shares during the period. Hantz Financial Services Inc.’s holdings in Everpure were worth $6,585,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Winnow Wealth LLC acquired a new position in shares of Everpure in the third quarter worth about $26,000. Provenance Wealth Advisors LLC acquired a new position in shares of Everpure in the third quarter worth about $27,000. Salomon & Ludwin LLC lifted its stake in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Everpure in the third quarter worth about $28,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen upgraded Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Northland Securities upgraded Everpure from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $77.00 to $81.00 in a research note on Monday, March 9th. UBS Group boosted their price target on Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research note on Thursday, February 26th. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Everpure in a research note on Monday, February 23rd. Finally, Weiss Ratings assumed coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.21.

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 transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 534,265 shares of company stock worth $41,321,234 over the last three months. 5.10% of the stock is currently owned by corporate insiders.

Everpure Stock Performance

Shares of NYSE P opened at $87.39 on Tuesday. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59. The company has a market cap of $28.88 billion, a price-to-earnings ratio of 158.89, a PEG ratio of 6.52 and a beta of 1.44.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Everpure’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities research analysts predict that Everpure, Inc. will post 0.72 EPS for the current fiscal 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.