TD Waterhouse Canada Inc. Buys New Stake in Everpure, Inc. $P

TD Waterhouse Canada Inc. purchased a new position in shares of Everpure, Inc. (NYSE:P) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,815 shares of the company’s stock, valued at approximately $2,222,000.

A number of other institutional investors have also modified their holdings of P. One Capital Management LLC boosted its stake in shares of Everpure by 1.0% in the third quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after buying an additional 141 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Everpure by 18.1% in the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after acquiring an additional 152 shares during the period. Transamerica Financial Advisors LLC boosted its position in Everpure by 50.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Everpure by 8.6% during the 3rd quarter. National Bank of Canada FI now owns 2,334 shares of the company’s stock worth $196,000 after purchasing an additional 184 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Everpure by 8.5% during the 4th quarter. Larson Financial Group LLC now owns 2,420 shares of the company’s stock worth $162,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on P shares. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price on shares of Everpure in a research note on Thursday, August 20th. Northland Securities lifted their price objective on shares of Everpure from $90.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, August 28th. JPMorgan Chase & Co. upped their price objective on shares of Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. William Blair reissued an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Finally, Morgan Stanley raised their target price on Everpure from $108.00 to $119.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.10.

Insider Buying and Selling at Everpure

In related news, insider John Colgrove sold 64,815 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the transaction, the insider directly owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. The trade was a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Brown sold 4,735 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $72.57, for a total transaction of $343,618.95. Following the sale, the director directly owned 27,683 shares of the company’s stock, valued at approximately $2,008,955.31. This represents a 14.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 817,420 shares of company stock worth $77,269,792 over the last three months. 5.10% of the stock is owned by corporate insiders.

Everpure Price Performance

Shares of NYSE:P opened at $101.05 on Wednesday. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $119.10. The firm has a market capitalization of $33.59 billion, a price-to-earnings ratio of 138.42, a PEG ratio of 4.00 and a beta of 1.43. The stock has a 50 day moving average price of $88.85.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.Everpure’s quarterly revenue was up 37.7% on a year-over-year basis. On average, analysts forecast that Everpure, Inc. will post 0.96 earnings per share for the current year.

About Everpure

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.