Everpure, Inc. $P Stock Position Cut by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its position in shares of Everpure, Inc. (NYSE:P) by 37.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,900 shares of the company’s stock after selling 24,361 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Everpure were worth $5,349,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in P. Assenagon Asset Management S.A. raised its holdings in shares of Everpure by 504.0% during the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after acquiring an additional 829,476 shares during the last quarter. Artemis Investment Management LLP lifted its position in shares of Everpure by 100.1% in the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after acquiring an additional 388,066 shares in the last quarter. JANA Partners Management LP acquired a new stake in shares of Everpure in the second quarter worth approximately $77,939,000. Banque Pictet & Cie SA boosted its stake in shares of Everpure by 5.0% in the third quarter. Banque Pictet & Cie SA now owns 242,400 shares of the company’s stock worth $31,701,000 after acquiring an additional 11,559 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Everpure in the second quarter worth approximately $25,859,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on P. Bank of America boosted their price target on Everpure from $150.00 to $180.00 in a research report on Thursday, September 24th. Cantor Fitzgerald restated a “neutral” rating on shares of Everpure in a report on Monday, October 12th. Weiss Ratings upgraded Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Raymond James Financial boosted their target price on Everpure from $122.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, September 25th. Finally, Guggenheim boosted their price target on shares of Everpure from $150.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.65.

Insider Activity

In other Everpure news, Director Andrew Brown sold 4,268 shares of the company’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $156.03, for a total value of $665,936.04. Following the transaction, the director owned 23,415 shares of the company’s stock, valued at $3,653,442.45. This represents a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ajay Singh sold 18,267 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total transaction of $2,835,769.08. Following the completion of the transaction, the insider directly owned 270,095 shares in the company, valued at $41,929,547.80. The trade was a 6.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,110,186 shares of company stock worth $131,424,120. 5.10% of the stock is currently owned by corporate insiders.

Everpure Stock Performance

P stock opened at $93.35 on Friday. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.57. The firm has a market capitalization of $31.11 billion, a PE ratio of 137.99, a price-to-earnings-growth ratio of 3.73 and a beta of 1.43. The stock’s fifty day simple moving average is $120.03.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating 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 business had revenue of $1.19 billion for the quarter. The firm’s revenue was up 37.7% on a year-over-year basis. As a group, analysts predict that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

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.