Danske Bank A S Boosts Stock Position in Everpure, Inc. $P

Danske Bank A S grew its holdings in Everpure, Inc. (NYSE:P) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 315,082 shares of the company’s stock after buying an additional 16,271 shares during the quarter. Danske Bank A S’s holdings in Everpure were worth $21,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winnow Wealth LLC purchased a new stake in shares of Everpure in the third quarter valued at approximately $26,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Everpure in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC increased its position in shares of Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Everpure in the third quarter valued at approximately $28,000. Finally, Sunbelt Securities Inc. increased its position in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider John Colgrove sold 28,935 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $70.01, for a total value of $2,025,739.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 200,000 shares of company stock valued at $14,046,750. 0.43% of the stock is owned by corporate insiders.

Everpure Stock Up 0.2%

Shares of NYSE P opened at $71.59 on Friday. The stock has a market capitalization of $23.66 billion, a P/E ratio of 130.16, a PEG ratio of 5.35 and a beta of 1.44. Everpure, Inc. has a 52-week low of $46.31 and a 52-week 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, beating 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 business’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. As a group, research analysts forecast that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on P shares. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Everpure in a research note on Monday, February 23rd. Wells Fargo & Company decreased their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. JPMorgan Chase & Co. cut their price objective on Everpure from $105.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Finally, Barclays upped their price target on Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued 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 price target of $93.21.

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.