Malaga Cove Capital LLC Invests $511,000 in Everpure, Inc. $P

Malaga Cove Capital LLC purchased a new position in shares of Everpure, Inc. (NYSE:P) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,629 shares of the company’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also made changes to their positions in P. Integrated Wealth Concepts LLC acquired a new position in shares of Everpure during the 1st quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after buying an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after buying an additional 595,307 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Everpure by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after buying an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Everpure by 261.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after buying an additional 2,316 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Price Performance

P opened at $88.71 on Wednesday. The stock has a market capitalization of $29.32 billion, a price-to-earnings ratio of 161.29, a price-to-earnings-growth ratio of 6.52 and a beta of 1.44. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, sell-side analysts forecast that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and upped their target price for the company from $77.00 to $81.00 in a report on Monday, March 9th. Weiss Ratings assumed coverage on shares of Everpure in a report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Wells Fargo & Company reduced their target price on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, Barclays upped their target price on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.21.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the sale, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. The trade was a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 534,265 shares of company stock valued at $41,321,234. 5.10% of the stock is owned by insiders.

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.