Mirae Asset Global Investments Co. Ltd. Purchases 108,839 Shares of Everpure, Inc. $P

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Everpure, Inc. (NYSE:P) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 108,839 shares of the company’s stock, valued at approximately $14,234,000.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC bought a new position in Everpure during the 2nd quarter worth $29,000. Fortitude Family Office LLC lifted its holdings in Everpure by 49.0% during the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock worth $47,000 after buying an additional 119 shares during the period. Reyes Financial Architecture Inc. acquired a new position in Everpure during the 3rd quarter worth about $48,000. Root Financial Partners LLC bought a new stake in shares of Everpure in the 3rd quarter valued at about $61,000. Finally, Ancora Advisors LLC bought a new stake in shares of Everpure in the 2nd quarter valued at about $67,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insiders Place Their Bets

In other Everpure news, CAO Mona Chu sold 5,112 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $151.40, for a total value of $773,956.80. Following the completion of the sale, the chief accounting officer directly owned 125,982 shares in the company, valued at approximately $19,073,674.80. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott Dietzen sold 60,000 shares of Everpure stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total transaction of $8,496,000.00. Following the completion of the sale, the director directly owned 70,000 shares of the company’s stock, valued at approximately $9,912,000. This trade represents a 46.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,145,371 shares of company stock valued at $134,591,122. 5.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

P has been the subject of a number of analyst reports. Raymond James Financial raised their price objective on Everpure from $122.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, September 25th. Evercore lifted their price objective on Everpure from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, October 5th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price (up from $100.00) on shares of Everpure in a report on Thursday, August 20th. Wells Fargo & Company increased their target price on shares of Everpure from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, September 24th. Finally, Bank of America lifted their target price on shares of Everpure from $150.00 to $180.00 in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.65.

Everpure Stock Performance

Shares of P opened at $117.67 on Wednesday. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 140.47, a PEG ratio of 3.80 and a beta of 1.43. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.57. The firm has a 50 day simple moving average of $120.15.

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