Everpure, Inc. $P Stock Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in shares of Everpure, Inc. (NYSE:P) by 65.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,055 shares of the company’s stock after selling 57,551 shares during the quarter. Yousif Capital Management LLC’s holdings in Everpure were worth $3,931,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Everpure by 504.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock worth $130,003,000 after buying an additional 829,476 shares during the last quarter. JANA Partners Management LP purchased a new stake in shares of Everpure in the 2nd quarter worth about $77,939,000. Artemis Investment Management LLP boosted its position in shares of Everpure by 100.1% in the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after buying an additional 388,066 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Everpure in the 2nd quarter worth about $25,525,000. Finally, Engineers Gate Manager LP acquired a new stake in Everpure in the 2nd quarter valued at about $25,859,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

P has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. UBS Group upped their price target on shares of Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a report on Thursday, August 27th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Everpure in a research report on Monday, October 12th. Zacks Research upgraded shares of Everpure from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, DA Davidson set a $100.00 price objective on shares of Everpure in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.25.

Everpure Price Performance

Shares of NYSE:P opened at $131.24 on Tuesday. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.57. The firm has a fifty day moving average of $117.74. The stock has a market capitalization of $43.73 billion, a P/E ratio of 179.78, a P/E/G ratio of 4.11 and a beta of 1.39.

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 during the quarter. The company’s revenue was up 37.7% on a year-over-year basis. Sell-side analysts forecast that Everpure, Inc. will post 0.95 EPS for the current year.

Insider Activity at Everpure

In other Everpure news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $145.00, for a total transaction of $14,500,000.00. Following the sale, the insider directly owned 5,393,309 shares of the company’s stock, valued at $782,029,805. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Brown sold 4,268 shares of Everpure stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,235,091 shares of company stock worth $142,276,537 over the last three months. Company insiders own 5.10% of the company’s stock.

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.