Everpure, Inc. $P Shares Newly Purchased by Sage Capital Advisors llc

Sage Capital Advisors llc bought a new stake in shares of Everpure, Inc. (NYSE:P) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,025 shares of the company’s stock, valued at approximately $526,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Paradigm Capital Management Inc. NY bought a new position in shares of Everpure during the 2nd quarter worth approximately $2,127,000. Nykredit A S bought a new stake in shares of Everpure in the 2nd quarter valued at $9,412,000. Wellington Management Group LLP bought a new stake in shares of Everpure in the 2nd quarter valued at $2,192,000. Raiffeisen Bank International AG bought a new stake in shares of Everpure in the 2nd quarter valued at $25,525,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Everpure during the 2nd quarter valued at $814,000. Institutional investors own 83.42% of the company’s stock.

Everpure Price Performance

Everpure stock traded down $0.31 during mid-day trading on Tuesday, reaching $155.00. The stock had a trading volume of 1,734,540 shares, compared to its average volume of 3,796,227. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.05. The company has a 50-day simple moving average of $111.68. The stock has a market cap of $51.65 billion, a price-to-earnings ratio of 212.46, a PEG ratio of 5.15 and a beta of 1.39.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Evercore reissued an “outperform” rating and set a $145.00 target price on shares of Everpure in a research note on Thursday, September 24th. Susquehanna reaffirmed a “positive” rating and issued a $145.00 price target on shares of Everpure in a research note on Thursday, August 27th. UBS Group lifted their price target on shares of Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. upped their price objective on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Finally, Citigroup increased their price objective on shares of Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Seventeen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.25.

Insider Buying and Selling at Everpure

In related news, insider Ajay Singh sold 42,930 shares of Everpure stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10. Following the completion of the sale, the insider owned 288,362 shares of the company’s stock, valued at approximately $35,805,909.54. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mallun Yen sold 11,942 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $146.97, for a total transaction of $1,755,115.74. Following the sale, the director owned 31,339 shares of the company’s stock, valued at $4,605,892.83. This trade represents a 27.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 947,444 shares of company stock worth $99,631,875. 5.10% of the stock is owned by company insiders.

About Everpure

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.