Everpure, Inc. $P Stock: Strengthening Families & Communities LLC Cuts Stake

Strengthening Families & Communities LLC lowered its holdings in Everpure, Inc. (NYSE:P) by 98.5% during the third quarter, Holdings Channel.com reports. The firm owned 578 shares of the company’s stock after selling 38,596 shares during the period. Strengthening Families & Communities LLC’s holdings in Everpure were worth $76,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JANA Partners Management LP bought a new stake in shares of Everpure during the second quarter worth $77,939,000. Assenagon Asset Management S.A. increased its stake in shares of Everpure by 504.0% in the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after buying an additional 829,476 shares in the last quarter. Artemis Investment Management LLP increased its stake in shares of Everpure by 100.1% in the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock valued at $101,456,000 after buying an additional 388,066 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Everpure in the second quarter valued at about $25,525,000. Finally, Engineers Gate Manager LP bought a new position in shares of Everpure in the second quarter valued at about $25,859,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity at Everpure

In other news, insider Ajay Singh sold 18,267 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $155.24, for a total value of $2,835,769.08. Following the transaction, the insider directly owned 270,095 shares in the company, valued at $41,929,547.80. This trade represents a 6.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Brown sold 4,268 shares of Everpure stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $156.03, for a total value of $665,936.04. Following the sale, the director directly owned 23,415 shares of the company’s stock, valued at approximately $3,653,442.45. This trade represents a 15.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,235,091 shares of company stock worth $142,276,537. 5.10% of the stock is owned by company insiders.

Everpure Stock Performance

Shares of NYSE:P traded up $5.14 during trading on Wednesday, hitting $131.66. 1,060,989 shares of the company’s stock were exchanged, compared to its average volume of 3,801,483. The company has a market capitalization of $43.87 billion, a price-to-earnings ratio of 180.35, a P/E/G ratio of 4.24 and a beta of 1.39. The company’s 50-day moving average is $116.80. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57.

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

Analysts Set New Price Targets

P has been the topic of several research reports. UBS Group upped their price target on shares of Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research report on Thursday, August 27th. Wedbush restated an “outperform” rating and issued a $130.00 price objective on shares of Everpure in a research report on Thursday, September 24th. TD Cowen raised their price objective on shares of Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Morgan Stanley boosted their target price on shares of Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Finally, Needham & Company LLC upped their target price on shares of Everpure from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.25.

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.