Pinebridge Investments LLC Buys New Holdings in Everpure, Inc. $P

Pinebridge Investments LLC bought a new stake in shares of Everpure, Inc. (NYSE:P) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 43,415 shares of the company’s stock, valued at approximately $2,909,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BIT Capital GmbH bought a new stake in Everpure during the 4th quarter valued at approximately $11,280,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Everpure by 3.3% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,600 shares of the company’s stock valued at $4,798,000 after purchasing an additional 2,300 shares during the period. Vise Technologies Inc. raised its stake in Everpure by 27.7% during the 4th quarter. Vise Technologies Inc. now owns 3,336 shares of the company’s stock valued at $224,000 after purchasing an additional 724 shares during the period. Daiwa Securities Group Inc. raised its stake in Everpure by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the company’s stock valued at $2,291,000 after purchasing an additional 4,000 shares during the period. Finally, State of Wyoming raised its stake in Everpure by 34.8% during the 4th quarter. State of Wyoming now owns 2,255 shares of the company’s stock valued at $151,000 after purchasing an additional 582 shares during the period. Institutional investors own 83.42% of the company’s stock.

Analysts Set New Price Targets

P has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Guggenheim lifted their price objective on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings assumed coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. UBS Group lifted their price objective on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.32.

Everpure Stock Performance

NYSE:P opened at $72.19 on Monday. Everpure, Inc. has a 1 year low of $50.20 and a 1 year high of $100.59. The company has a market capitalization of $23.86 billion, a price-to-earnings ratio of 109.39, a PEG ratio of 5.12 and a beta of 1.44.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, equities analysts expect that Everpure, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the transaction, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 544,545 shares of company stock worth $42,198,324. Insiders own 5.10% of the company’s stock.

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.