North Dakota State Investment Board Takes $1.33 Million Position in Everpure, Inc. $P

North Dakota State Investment Board bought a new stake in Everpure, Inc. (NYSE:P) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,804 shares of the company’s stock, valued at approximately $1,327,000.

A number of other large investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of Everpure by 40.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock valued at $39,000 after purchasing an additional 134 shares during the period. One Capital Management LLC increased its holdings in shares of Everpure by 1.0% in the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock valued at $1,236,000 after purchasing an additional 141 shares during the period. State of Wyoming increased its holdings in shares of Everpure by 10.3% in the 3rd quarter. State of Wyoming now owns 1,673 shares of the company’s stock valued at $140,000 after purchasing an additional 156 shares during the period. GraniteShares Advisors LLC increased 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 purchasing an additional 157 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Everpure by 2.4% in the 4th quarter. GAMMA Investing LLC now owns 6,938 shares of the company’s stock valued at $465,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares in the company, valued at $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 534,265 shares of company stock worth $41,321,234 in the last three months. 5.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

P has been the topic of a number of research reports. Piper Sandler reiterated a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Northland Securities upgraded Everpure from a “market perform” rating to an “outperform” rating and upped their target price for the company from $77.00 to $81.00 in a report on Monday, March 9th. UBS Group upped their target price on Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Citigroup cut Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research note on Thursday, May 14th. Finally, Wells Fargo & Company lowered their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Twelve research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus price target of $93.21.

Everpure Price Performance

Shares of Everpure stock opened at $75.91 on Wednesday. The company has a market cap of $25.08 billion, a price-to-earnings ratio of 138.02, a P/E/G ratio of 5.76 and a beta of 1.44. Everpure, Inc. has a 12-month low of $50.20 and a 12-month high of $100.59.

Everpure (NYSE:P) last announced its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts predict that Everpure, Inc. will post 0.72 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.