Nykredit A S Takes Position in Everpure, Inc. $P

Nykredit A S bought a new stake in Everpure, Inc. (NYSE:P) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 137,037 shares of the company’s stock, valued at approximately $10,797,000.

Several other large investors also recently bought and sold shares of the business. State Street Corp lifted its position in Everpure by 0.8% during the fourth quarter. State Street Corp now owns 10,953,501 shares of the company’s stock valued at $733,994,000 after purchasing an additional 88,583 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after buying an additional 207,317 shares in the last quarter. Norges Bank bought a new stake in shares of Everpure in the 4th quarter worth about $265,327,000. Atreides Management LP purchased a new stake in shares of Everpure during the 2nd quarter valued at about $204,552,000. Finally, AQR Capital Management LLC raised its position in shares of Everpure by 62.7% during 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 in the last quarter. Institutional investors own 83.42% of the company’s stock.

Everpure Trading Up 1.4%

Shares of NYSE P opened at $99.50 on Friday. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $119.10. The stock has a 50-day moving average price of $87.86. The company has a market capitalization of $33.07 billion, a P/E ratio of 136.30, a P/E/G ratio of 4.00 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on P shares. Wall Street Zen raised shares of Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Weiss Ratings restated a “hold (c)” rating on shares of Everpure in a research report on Friday, July 17th. Guggenheim reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Everpure in a research note on Thursday, August 27th. Lake Street Capital reiterated a “buy” rating and issued a $120.00 target price on shares of Everpure in a report on Thursday, August 27th. Finally, UBS Group boosted their target price on Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and an average target price of $129.10.

Insider Activity at Everpure

In other news, Director Andrew Brown sold 4,735 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $72.57, for a total value of $343,618.95. Following the transaction, the director directly owned 27,683 shares in the company, valued at approximately $2,008,955.31. This represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Colgrove sold 64,815 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the completion of the transaction, the insider directly owned 6,074,080 shares in the company, valued at $713,339,955.20. This represents a 1.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 817,520 shares of company stock valued at $77,276,792 over the last ninety days. Company insiders own 5.10% of the company’s stock.

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.