Everpure, Inc. $P Stock: Outfitters Financial LLC Decreases Holdings

Outfitters Financial LLC cut its stake in Everpure, Inc. (NYSE:P) by 50.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,873 shares of the company’s stock after selling 7,862 shares during the period. Outfitters Financial LLC’s holdings in Everpure were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of P. Paradigm Capital Management Inc. NY bought a new stake in shares of Everpure during the 2nd quarter worth about $2,127,000. Nykredit A S bought a new position in Everpure in the 2nd quarter valued at about $9,412,000. Wellington Management Group LLP acquired a new stake in Everpure during the second quarter worth approximately $2,192,000. Sequoia Financial Advisors LLC acquired a new stake in Everpure during the second quarter worth approximately $814,000. Finally, Raiffeisen Bank International AG acquired a new stake in Everpure during the second quarter worth approximately $25,525,000. 83.42% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider John Colgrove sold 200,000 shares of the company’s 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 sale, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,235,091 shares of company stock valued at $142,276,537. 5.10% of the stock is owned by insiders.

Everpure Stock Up 1.8%

Shares of P stock traded up $2.13 during trading on Friday, hitting $123.33. The company had a trading volume of 2,120,740 shares, compared to its average volume of 4,276,010. The company has a market cap of $41.10 billion, a price-to-earnings ratio of 168.94, a P/E/G ratio of 4.04 and a beta of 1.39. The stock’s 50-day simple moving average is $117.36. Everpure, Inc. has a one year low of $56.78 and a one year high of $157.57.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter. The business’s revenue was up 37.7% on a year-over-year basis. On average, analysts predict that Everpure, Inc. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

P has been the subject of a number of research analyst reports. TD Cowen boosted their price objective on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Oppenheimer reiterated an “outperform” rating and set a $140.00 target price on shares of Everpure in a research note on Thursday, August 20th. Lake Street Capital lifted their price target on Everpure from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Needham & Company LLC boosted their price target on Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Finally, Zacks Research raised Everpure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.25.

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.