BNP Paribas Financial Markets Increases Position in Everpure, Inc. $P

BNP Paribas Financial Markets boosted its position in Everpure, Inc. (NYSE:P) by 92.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,859 shares of the company’s stock after buying an additional 134,561 shares during the quarter. BNP Paribas Financial Markets’ holdings in Everpure were worth $18,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of P. Norges Bank bought a new position in shares of Everpure in the 4th quarter worth about $265,327,000. Arrowstreet Capital Limited Partnership lifted its position in Everpure by 786.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after purchasing an additional 3,573,493 shares during the period. Atreides Management LP acquired a new stake in Everpure in the second quarter worth approximately $204,552,000. Polar Capital Holdings Plc lifted its position in Everpure by 90.5% in the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after purchasing an additional 1,345,207 shares during the period. Finally, AQR Capital Management LLC lifted its position in Everpure by 158.4% in the second quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock worth $110,473,000 after purchasing an additional 1,188,126 shares during the period. 83.42% of the stock is owned by institutional investors.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 544,545 shares of company stock valued at $42,198,324 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

Everpure Stock Down 8.0%

P opened at $72.19 on Friday. The firm has a market capitalization of $23.86 billion, a PE ratio of 109.39, a price-to-earnings-growth ratio of 5.56 and a beta of 1.44. Everpure, Inc. has a 12-month low of $50.20 and a 12-month high of $100.59.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $997.88 million. During the same period in the prior year, the business posted $0.29 earnings per share. Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. Sell-side analysts anticipate that Everpure, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on P. Guggenheim upped their target price on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Lake Street Capital upped their target price on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating for the company. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.32.

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.