Everpure, Inc. $P Holdings Lifted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its holdings in shares of Everpure, Inc. (NYSE:P) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,086,889 shares of the company’s stock after purchasing an additional 55,642 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Everpure were worth $72,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Everpure by 1.9% during the third quarter. Vanguard Group Inc. now owns 33,891,025 shares of the company’s stock valued at $2,840,407,000 after buying an additional 623,019 shares in the last quarter. State Street Corp grew its holdings in shares of Everpure by 1.9% during the third quarter. State Street Corp now owns 10,864,918 shares of the company’s stock valued at $910,589,000 after buying an additional 199,831 shares in the last quarter. Atreides Management LP grew its holdings in shares of Everpure by 15.4% during the third quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock valued at $343,485,000 after buying an additional 545,890 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Everpure by 786.9% during the third 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 in the last quarter. Finally, Polar Capital Holdings Plc grew its holdings in shares of Everpure by 90.5% during the third 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 in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 6,625,221 shares in the company, valued at $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 in the last 90 days. Insiders own 5.10% of the company’s stock.

Everpure Stock Down 3.1%

NYSE P opened at $81.23 on Friday. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59. The stock has a market cap of $26.84 billion, a P/E ratio of 147.70, a price-to-earnings-growth ratio of 6.07 and a beta of 1.44.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, topping 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, analysts expect that Everpure, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on P. Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $77.00 to $81.00 in a research report on Monday, March 9th. Citigroup cut 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. JPMorgan Chase & Co. reduced their price objective on Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Finally, Wells Fargo & Company reduced their price objective on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.21.

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.