Natixis Advisors LLC Decreases Holdings in Everpure, Inc. $P

Natixis Advisors LLC cut its holdings in shares of Everpure, Inc. (NYSE:P) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,775 shares of the company’s stock after selling 24,537 shares during the quarter. Natixis Advisors LLC’s holdings in Everpure were worth $6,083,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. One Capital Management LLC increased its stake in shares of Everpure by 40.7% in the fourth quarter. One Capital Management LLC now owns 20,755 shares of the company’s stock worth $1,391,000 after buying an additional 6,005 shares during the period. Arcadia Investment Management Corp MI increased its stake in shares of Everpure by 2.7% in the fourth quarter. Arcadia Investment Management Corp MI now owns 74,580 shares of the company’s stock worth $4,998,000 after buying an additional 1,970 shares during the period. Ellevest Inc. purchased a new position in shares of Everpure in the fourth quarter worth $201,000. Hazlett Burt & Watson Inc. increased its stake in shares of Everpure by 39.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,215 shares of the company’s stock worth $282,000 after buying an additional 1,195 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Everpure by 7.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 99,210 shares of the company’s stock worth $6,648,000 after buying an additional 6,600 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Everpure

In other news, insider John Colgrove sold 10,280 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total transaction of $877,089.60. Following the sale, the insider owned 6,614,941 shares in the company, valued at approximately $564,386,766.12. The trade was a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 544,545 shares of company stock worth $42,198,324. Insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on P shares. Barclays lifted their target price on shares of Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Weiss Ratings started coverage on shares of Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. Northland Securities set a $90.00 target price on shares of Everpure in a research note on Thursday, May 28th. Wedbush lifted their target price on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Lake Street Capital lifted their target price on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

Everpure Trading Up 2.4%

NYSE:P opened at $73.89 on Tuesday. The firm has a market capitalization of $24.42 billion, a P/E ratio of 111.96, a P/E/G ratio of 5.12 and a beta of 1.44. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, analysts predict that Everpure, Inc. will post 0.73 earnings per share for the current fiscal year.

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.