Allworth Financial LP Purchases 12,375 Shares of Everpure, Inc. $P

Allworth Financial LP boosted its position in Everpure, Inc. (NYSE:P) by 37.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 45,205 shares of the company’s stock after buying an additional 12,375 shares during the quarter. Allworth Financial LP’s holdings in Everpure were worth $3,029,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Winnow Wealth LLC bought a new position in Everpure in the third quarter valued at approximately $26,000. Provenance Wealth Advisors LLC bought a new position in Everpure in the third quarter valued at approximately $27,000. Sunbelt Securities Inc. increased its stake in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Everpure in the third quarter valued at approximately $28,000. Finally, Assetmark Inc. increased its stake in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after acquiring an additional 222 shares during the last quarter. 83.42% of the stock is owned by institutional investors.

Everpure Stock Down 3.1%

Shares of P stock opened at $81.23 on Friday. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59. The stock has a market capitalization of $26.84 billion, a price-to-earnings ratio of 147.70, a PEG ratio of 6.07 and a beta of 1.44.

Everpure (NYSE:P) last posted its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, equities analysts expect that Everpure, Inc. will post 0.72 EPS for the current year.

Insider Activity

In related news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the sale, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,265 shares of company stock worth $41,321,234 in the last quarter. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $77.00 to $81.00 in a research note on Monday, March 9th. Wall Street Zen raised shares of Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company decreased their price objective on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Barclays lifted their price objective on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Twelve investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.21.

Everpure Company 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.