Everpure, Inc. $P Shares Acquired by Mariner LLC

Mariner LLC grew its holdings in shares of Everpure, Inc. (NYSE:P) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,679,161 shares of the company’s stock after purchasing an additional 80,039 shares during the quarter. Mariner LLC’s holdings in Everpure were worth $179,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in P. Integrated Wealth Concepts LLC purchased a new stake in shares of Everpure during the first quarter worth about $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after purchasing an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after purchasing an additional 595,307 shares during the last quarter. Empowered Funds LLC increased its stake in Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after purchasing an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after buying an additional 2,316 shares during the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Price Performance

Shares of P stock opened at $72.40 on Monday. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59. The company has a market cap of $24.07 billion, a P/E ratio of 109.70, a P/E/G ratio of 4.09 and a beta of 1.44.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. As a group, equities analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current year.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the sale, the insider owned 2,615,000 shares in the company, valued at approximately $185,769,600. This trade represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 644,545 shares of company stock worth $49,302,220 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

P has been the topic of a number of research analyst reports. Northland Securities set a $90.00 price objective on shares of Everpure in a report on Thursday, May 28th. Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Morgan Stanley lifted their target price on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Everpure in a report on Thursday, May 28th. Finally, Piper Sandler reissued an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.32.

About Everpure

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.