OP Asset Management Ltd Takes Position in Everpure, Inc. $P

OP Asset Management Ltd acquired a new position in shares of Everpure, Inc. (NYSE:P) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,232 shares of the company’s stock, valued at approximately $1,785,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Everpure in the 1st quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Everpure by 129.1% during the first 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 period. Goldman Sachs Group Inc. raised its stake in Everpure by 109.7% during the first 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 Everpure by 4.2% during the first 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 Everpure by 261.1% during the second 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. 83.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 99,900 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the transaction, the insider owned 2,615,000 shares in the company, valued at approximately $185,769,600. This represents a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mallun Yen sold 4,735 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $76.90, for a total transaction of $364,121.50. Following the completion of the transaction, the director directly owned 43,281 shares in the company, valued at $3,328,308.90. This trade represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 649,280 shares of company stock valued at $49,666,341 in the last 90 days. 5.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on P. Morgan Stanley upped their price target on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Lake Street Capital boosted their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen lowered Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings initiated coverage on Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating for the company. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.32.

Everpure Stock Down 0.0%

Shares of Everpure stock opened at $69.14 on Monday. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59. The firm has a 50 day moving average price of $76.44. The firm has a market capitalization of $22.98 billion, a PE ratio of 104.76, a PEG ratio of 3.93 and a beta of 1.44.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same period in the prior year, the firm earned $0.29 earnings per share. Everpure’s revenue for the quarter was up 35.2% on a year-over-year basis. As a group, analysts expect that Everpure, Inc. will post 0.91 earnings per share for the current fiscal year.

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.