Everpure, Inc. $P Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of Everpure, Inc. (NYSE:P) by 373.2% in the 3rd quarter, Holdings Channel reports. The fund owned 64,335 shares of the company’s stock after buying an additional 50,738 shares during the quarter. ProShare Advisors LLC’s holdings in Everpure were worth $8,414,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. lifted its holdings in Everpure by 54.5% during the third quarter. Vise Technologies Inc. now owns 8,968 shares of the company’s stock valued at $1,173,000 after purchasing an additional 3,165 shares during the last quarter. Left Brain Wealth Management LLC bought a new stake in shares of Everpure in the third quarter valued at approximately $544,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Everpure by 3.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 99,873 shares of the company’s stock valued at $13,061,000 after purchasing an additional 3,300 shares during the period. Soltis Investment Advisors LLC bought a new stake in shares of Everpure in the third quarter valued at approximately $774,000. Finally, Choreo LLC purchased a new stake in shares of Everpure during the 3rd quarter valued at approximately $545,000. Institutional investors own 83.42% of the company’s stock.

Everpure Stock Down 5.2%

NYSE P opened at $111.51 on Thursday. The stock has a market cap of $37.16 billion, a PE ratio of 145.25, a PEG ratio of 3.93 and a beta of 1.43. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57. The business has a 50 day moving average price of $120.33.

Everpure (NYSE:P) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion for the quarter. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, analysts forecast that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on P. Zacks Research raised shares of Everpure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Everpure in a research report on Thursday, September 24th. Bank of America raised their price target on Everpure from $150.00 to $180.00 in a report on Thursday, September 24th. Susquehanna lifted their price target on Everpure from $145.00 to $175.00 and gave the company a “positive” rating in a research report on Friday, September 25th. Finally, Barclays lifted their price target on Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Everpure presently has a consensus rating of “Moderate Buy” and an average price target of $148.65.

Insider Transactions at Everpure

In related news, Director Scott Dietzen sold 60,000 shares of Everpure stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total value of $8,496,000.00. Following the transaction, the director directly owned 70,000 shares of the company’s stock, valued at $9,912,000. The trade was a 46.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew Brown sold 4,268 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $156.03, for a total transaction of $665,936.04. Following the sale, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,145,371 shares of company stock valued at $134,591,122. 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.