M&G PLC Purchases New Stake in Everpure, Inc. $P

M&G PLC purchased a new stake in Everpure, Inc. (NYSE:P) in the third quarter, Holdings Channel reports. The firm purchased 148,833 shares of the company’s stock, valued at approximately $19,497,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of P. Family Legacy Financial Solutions LLC increased its holdings in Everpure by 3.6% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company’s stock worth $276,000 after purchasing an additional 73 shares during the period. IFP Advisors Inc raised its position in Everpure by 1.1% during the 3rd quarter. IFP Advisors Inc now owns 10,449 shares of the company’s stock valued at $1,367,000 after purchasing an additional 115 shares in the last quarter. Fortitude Family Office LLC raised its position in Everpure by 49.0% during the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock valued at $47,000 after purchasing an additional 119 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Everpure by 4.4% in the 3rd quarter. Brookstone Capital Management now owns 2,877 shares of the company’s stock worth $376,000 after buying an additional 121 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Everpure by 4.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 3,976 shares of the company’s stock worth $530,000 after buying an additional 166 shares during the period. Institutional investors own 83.42% of the company’s stock.

Everpure Stock Down 1.0%

NYSE:P opened at $101.77 on Wednesday. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.57. The company has a market cap of $33.91 billion, a PE ratio of 139.41, a P/E/G ratio of 3.43 and a beta of 1.43. The firm has a 50-day moving average price of $120.34.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. Equities analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

P has been the topic of a number of recent research reports. Cantor Fitzgerald reissued a “neutral” rating on shares of Everpure in a research report on Monday, October 12th. Raymond James Financial raised their price target on Everpure from $122.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, September 25th. TD Cowen lifted their price objective on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Evercore lifted their price objective on Everpure from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, October 5th. Finally, Lake Street Capital upped their price objective on shares of Everpure from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two 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 target price of $148.65.

Insider Activity at Everpure

In other Everpure news, Director Andrew Brown sold 4,268 shares of Everpure stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $156.03, for a total value of $665,936.04. Following the transaction, the director directly owned 23,415 shares of the company’s stock, valued at approximately $3,653,442.45. The trade was a 15.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $145.00, for a total value of $14,500,000.00. Following the transaction, the insider directly owned 5,393,309 shares in the company, valued at approximately $782,029,805. The trade was a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 810,186 shares of company stock valued at $101,589,120 over the last three months. Company insiders own 5.10% of the company’s stock.

About Everpure

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.