Saudi Central Bank Takes Position in Everpure, Inc. $P

Saudi Central Bank acquired a new stake in shares of Everpure, Inc. (NYSE:P) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 21,976 shares of the company’s stock, valued at approximately $1,731,000.

A number of other institutional investors have also recently bought and sold shares of the stock. One Capital Management LLC increased its position in Everpure by 1.0% during the third quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC boosted its holdings in Everpure by 18.1% in the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after acquiring an additional 152 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in 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. National Bank of Canada FI grew its position in Everpure by 8.6% during the third quarter. National Bank of Canada FI now owns 2,334 shares of the company’s stock valued at $196,000 after acquiring an additional 184 shares during the period. Finally, Larson Financial Group LLC grew its position in Everpure by 8.5% during the fourth quarter. Larson Financial Group LLC now owns 2,420 shares of the company’s stock valued at $162,000 after acquiring an additional 190 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on P. JPMorgan Chase & Co. raised their price objective on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Northland Securities increased their target price on shares of Everpure from $90.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everpure in a research report on Friday, July 17th. Susquehanna reissued a “positive” rating and issued a $145.00 price objective on shares of Everpure in a research report on Thursday, August 27th. Finally, Citigroup lifted their target price on shares of Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Everpure has an average rating of “Moderate Buy” and an average price target of $129.10.

Insider Buying and Selling

In other news, Director Susan J.S. Taylor sold 8,543 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the sale, the director directly owned 94,608 shares in the company, valued at approximately $7,733,257.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the completion of the transaction, the insider directly owned 6,474,080 shares of the company’s stock, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 817,420 shares of company stock worth $77,269,792. Corporate insiders own 5.10% of the company’s stock.

Everpure Price Performance

Shares of P opened at $101.05 on Wednesday. Everpure, Inc. has a one year low of $56.78 and a one year high of $119.10. The company has a 50-day simple moving average of $88.85. The stock has a market capitalization of $33.59 billion, a P/E ratio of 138.42, a P/E/G ratio of 4.00 and a beta of 1.43.

Everpure (NYSE:P) last released its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The company’s quarterly revenue was up 37.7% on a year-over-year basis. Sell-side analysts anticipate that Everpure, Inc. will post 0.96 earnings per share for the current 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.