Everpure, Inc. $P Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in shares of Everpure, Inc. (NYSE:P) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,210 shares of the company’s stock after acquiring an additional 6,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Everpure were worth $6,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Everpure during the 1st quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after buying an additional 595,307 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after buying an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Everpure by 261.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after buying an additional 2,316 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

P has been the subject of several recent analyst reports. Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Northland Securities set a $90.00 price objective on shares of Everpure in a research report on Thursday, May 28th. Piper Sandler restated an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Finally, William Blair restated an “outperform” rating on shares of Everpure 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

Everpure Stock Down 2.4%

Shares of NYSE:P opened at $80.98 on Thursday. The firm has a market cap of $26.76 billion, a P/E ratio of 122.70, a price-to-earnings-growth ratio of 5.88 and a beta of 1.44. Everpure, Inc. has a 1-year low of $50.20 and a 1-year high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. As a group, research analysts expect that Everpure, Inc. will post 0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider John Colgrove sold 200,000 shares of the 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 completion of the sale, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 534,265 shares of company stock worth $41,321,234. 5.10% of the stock is owned by corporate insiders.

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.