Clearbridge Investments LLC Has $47.84 Million Position in Everpure, Inc. $P

Clearbridge Investments LLC raised its stake in shares of Everpure, Inc. (NYSE:P) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 713,951 shares of the company’s stock after purchasing an additional 13,447 shares during the period. Clearbridge Investments LLC’s holdings in Everpure were worth $47,842,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of P. Norges Bank acquired a new stake in shares of Everpure during the 4th quarter valued at $265,327,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Everpure by 786.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after buying an additional 3,573,493 shares during the period. Atreides Management LP acquired a new stake in shares of Everpure during the 2nd quarter valued at $204,552,000. Polar Capital Holdings Plc boosted its stake in shares of Everpure by 90.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after buying an additional 1,345,207 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Everpure by 158.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock valued at $110,473,000 after buying an additional 1,188,126 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on P. William Blair reissued an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Wedbush lifted their target price on shares of Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Lake Street Capital lifted their price objective on shares of Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Guggenheim lifted their price objective on shares of Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Thirteen 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.32.

Everpure Price Performance

P stock opened at $69.93 on Wednesday. Everpure, Inc. has a 1 year low of $50.20 and a 1 year high of $100.59. The firm has a market capitalization of $23.11 billion, a P/E ratio of 105.95, a price-to-earnings-growth ratio of 4.17 and a beta of 1.44.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same quarter in the previous year, the business earned $0.29 EPS. Everpure’s quarterly revenue was up 35.2% compared to the same quarter last year. Equities analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

Insider Activity

In related news, insider John Colgrove sold 10,280 shares of Everpure stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total value of $877,089.60. Following the completion of the sale, the insider owned 6,614,941 shares of the company’s stock, valued at approximately $564,386,766.12. The trade was a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 544,545 shares of company stock valued at $42,198,324. 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.