Susan J.S. Taylor Sells 8,543 Shares of Everpure (NYSE:P) Stock

Everpure, Inc. (NYSE:P) 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 sale, the director owned 94,608 shares of the company’s stock, valued at approximately $7,733,257.92. This represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Everpure Stock Down 5.0%

Shares of NYSE P traded down $3.97 during trading hours on Monday, reaching $75.36. 2,205,732 shares of the stock were exchanged, compared to its average volume of 3,393,628. The company has a market cap of $25.05 billion, a price-to-earnings ratio of 114.19, a price-to-earnings-growth ratio of 4.49 and a beta of 1.45. Everpure, Inc. has a 52 week low of $53.43 and a 52 week high of $100.59. The company’s fifty day simple moving average is $77.17.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. On average, research analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Guggenheim boosted their target price on shares of Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. TD Cowen reiterated a “buy” rating on shares of Everpure in a research note on Wednesday, July 1st. Northland Securities set a $90.00 price objective on shares of Everpure in a report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Everpure in a research report on Thursday, May 28th. Finally, William Blair restated an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.50.

Institutional Investors Weigh In On Everpure

Large investors have recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Everpure during the 4th quarter worth approximately $10,948,000. ClearAlpha Technologies LP bought a new position in Everpure in the fourth quarter valued at approximately $971,000. National Pension Service increased its stake in Everpure by 782.9% in the fourth quarter. National Pension Service now owns 665,667 shares of the company’s stock valued at $44,606,000 after acquiring an additional 590,274 shares during the last quarter. Geode Capital Management LLC raised its position in Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after purchasing an additional 207,317 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in Everpure during the fourth quarter valued at approximately $745,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

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.