Pictet Asset Management Holding SA Acquires 29,386 Shares of Everpure, Inc. $P

Pictet Asset Management Holding SA increased its holdings in shares of Everpure, Inc. (NYSE:P) by 22.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 157,702 shares of the company’s stock after acquiring an additional 29,386 shares during the period. Pictet Asset Management Holding SA’s holdings in Everpure were worth $9,302,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. One Capital Management LLC lifted its position in Everpure by 1.0% during the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after buying an additional 141 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after acquiring an additional 152 shares in the last quarter. GraniteShares Advisors LLC grew its holdings in shares of Everpure by 2.3% in the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock valued at $464,000 after acquiring an additional 157 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Everpure by 2.4% in the fourth quarter. GAMMA Investing LLC now owns 6,938 shares of the company’s stock valued at $465,000 after acquiring an additional 164 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in shares of Everpure by 50.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock valued at $34,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling at Everpure

In other news, Director Mallun Yen sold 4,735 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $76.90, for a total value of $364,121.50. Following the completion of the sale, the director directly owned 43,281 shares of the company’s stock, valued at $3,328,308.90. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Colgrove sold 99,900 shares of Everpure stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00. Following the transaction, the insider owned 2,615,000 shares of the company’s stock, valued at $185,769,600. This represents a 3.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 654,015 shares of company stock worth $50,009,960 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on P. William Blair reissued an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Barclays boosted their price target on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Wall Street Zen cut Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings assumed coverage on Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating on the stock. Finally, DA Davidson set a $100.00 price objective on Everpure in a report on Wednesday. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.50.

Everpure Stock Performance

Shares of P stock opened at $72.84 on Friday. The firm has a 50-day moving average price of $76.42. The company has a market cap of $24.21 billion, a PE ratio of 110.37, a price-to-earnings-growth ratio of 4.11 and a beta of 1.45. Everpure, Inc. has a 52-week low of $53.43 and a 52-week high of $100.59.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same period last year, the business posted $0.29 EPS. Everpure’s revenue was up 35.2% on a year-over-year basis. As a group, research analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

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.