Soltis Investment Advisors LLC Purchases 5,918 Shares of Everpure, Inc. $P

Soltis Investment Advisors LLC purchased a new position in Everpure, Inc. (NYSE:P) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,918 shares of the company’s stock, valued at approximately $774,000.

A number of other institutional investors have also added to or reduced their stakes in P. Paradigm Capital Management Inc. NY purchased a new stake in shares of Everpure in the 2nd quarter worth about $2,127,000. Nykredit A S bought a new position in shares of Everpure in the 2nd quarter worth about $9,412,000. Wellington Management Group LLP bought a new position in shares of Everpure in the 2nd quarter worth about $2,192,000. Sequoia Financial Advisors LLC bought a new position in shares of Everpure in the 2nd quarter worth about $814,000. Finally, Raiffeisen Bank International AG purchased a new position in Everpure during the 2nd quarter valued at about $25,525,000. Institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

P has been the topic of several research reports. TD Cowen boosted their price objective on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Wedbush reaffirmed an “outperform” rating and set a $130.00 target price on shares of Everpure in a research note on Thursday, September 24th. Raymond James Financial reiterated an “outperform” rating and set a $122.00 target price on shares of Everpure in a report on Thursday, August 27th. Morgan Stanley boosted their price target on Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Finally, Bank of America raised Everpure from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $150.00 in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Everpure currently has a consensus rating of “Moderate Buy” and an average target price of $143.25.

Everpure Trading Down 7.5%

P opened at $126.91 on Friday. The stock has a 50-day moving average of $119.70. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 173.85, a PEG ratio of 4.24 and a beta of 1.39. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The company had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, equities analysts anticipate that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Insider Activity

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,235,091 shares of company stock valued at $142,276,537 in the last 90 days. Corporate insiders own 5.10% of the company’s stock.

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.