NWF Advisory Services Inc. Purchases Shares of 8,001 Everpure, Inc. $P

NWF Advisory Services Inc. acquired a new position in shares of Everpure, Inc. (NYSE:P) in the second quarter, HoldingsChannel.com reports. The firm acquired 8,001 shares of the company’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Everpure during the 4th quarter worth about $265,327,000. Atreides Management LP bought a new stake in shares of Everpure during the 2nd quarter worth about $204,552,000. Polar Capital Holdings Plc grew its stake in Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after buying an additional 1,345,207 shares during the last quarter. AQR Capital Management LLC grew its stake in Everpure by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock valued at $228,820,000 after buying an additional 1,315,351 shares during the last quarter. Finally, Turiya Advisors Asia Ltd bought a new position in Everpure in the 4th quarter valued at about $67,010,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Everpure news, Director Andrew Brown sold 4,735 shares of Everpure stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $72.57, for a total value of $343,618.95. Following the completion of the transaction, the director directly owned 27,683 shares of the company’s stock, valued at $2,008,955.31. The trade was a 14.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan J.S. Taylor sold 8,543 shares of Everpure stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the transaction, the director directly owned 94,608 shares of the company’s stock, valued at $7,733,257.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 817,520 shares of company stock valued at $77,276,792. 5.10% of the stock is currently owned by corporate insiders.

Everpure Stock Up 1.4%

NYSE P opened at $99.50 on Friday. The company has a market cap of $33.07 billion, a P/E ratio of 136.30, a P/E/G ratio of 3.95 and a beta of 1.43. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $119.10. The firm has a 50-day simple moving average of $87.86.

Everpure (NYSE:P) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion for the quarter. The firm’s revenue was up 37.7% compared to the same quarter last year. As a group, research analysts forecast that Everpure, Inc. will post 0.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on P. JPMorgan Chase & Co. raised their price objective on shares of Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Everpure in a research report on Thursday, August 20th. UBS Group increased their target price on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 27th. Morgan Stanley boosted their price target on Everpure from $108.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Everpure in a report on Thursday, August 27th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.10.

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.