Everpure, Inc. $P Stake Decreased by Polar Capital Holdings Plc

Polar Capital Holdings Plc cut its holdings in shares of Everpure, Inc. (NYSE:P) by 47.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,491,444 shares of the company’s stock after selling 1,339,697 shares during the period. Polar Capital Holdings Plc’s holdings in Everpure were worth $99,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Provenance Wealth Advisors LLC acquired a new stake in Everpure in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. boosted its position in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure in the third quarter worth $28,000. Assetmark Inc. grew its stake in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Everpure during the third quarter valued at $29,000. 83.42% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 ninety days. 5.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on P shares. Barclays lifted their price objective on shares of Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Lake Street Capital raised their target price on shares of Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wedbush boosted their price target on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Finally, Weiss Ratings assumed coverage on shares of Everpure in a report on Monday, April 20th. They issued a “hold (c)” rating for the company. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.32.

Everpure Trading Down 2.0%

Shares of Everpure stock opened at $73.18 on Wednesday. Everpure, Inc. has a 52 week low of $50.87 and a 52 week high of $100.59. The stock has a market capitalization of $24.33 billion, a price-to-earnings ratio of 110.89, a price-to-earnings-growth ratio of 4.23 and a beta of 1.44.

Everpure (NYSE:P) last posted its quarterly earnings data 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. As a group, analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current year.

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.