Swedbank AB Buys 97,978 Shares of Everpure, Inc. $P

Swedbank AB increased its stake in Everpure, Inc. (NYSE:P) by 63.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 252,732 shares of the company’s stock after purchasing an additional 97,978 shares during the period. Swedbank AB owned approximately 0.08% of Everpure worth $16,936,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Winnow Wealth LLC bought a new position in shares of Everpure in the third quarter worth $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the third quarter worth $27,000. Salomon & Ludwin LLC increased its position in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in Everpure in the third quarter valued at about $28,000. Finally, Sunbelt Securities Inc. boosted its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Trading Up 0.2%

Shares of P stock opened at $87.39 on Tuesday. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59. The stock has a market cap of $28.88 billion, a PE ratio of 158.89, a PEG ratio of 6.52 and a beta of 1.44.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts predict that Everpure, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on P shares. UBS Group raised their price objective on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a research note on Thursday, February 26th. Barclays raised their price objective on Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Everpure in a research note on Monday, February 23rd. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Finally, Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $77.00 to $81.00 in a research note on Monday, March 9th. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.21.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of Everpure 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 sale, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 over the last quarter. Company insiders own 5.10% of the company’s stock.

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.