Tredje AP fonden Purchases Shares of 31,967 Everpure, Inc. $P

Tredje AP fonden purchased a new stake in Everpure, Inc. (NYSE:P) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 31,967 shares of the company’s stock, valued at approximately $2,142,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Everpure by 1.9% during the third quarter. Vanguard Group Inc. now owns 33,891,025 shares of the company’s stock worth $2,840,407,000 after buying an additional 623,019 shares during the period. State Street Corp increased its position in shares of Everpure by 1.9% during the third quarter. State Street Corp now owns 10,864,918 shares of the company’s stock worth $910,589,000 after buying an additional 199,831 shares during the period. Atreides Management LP increased its position in shares of Everpure by 15.4% during the third quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock worth $343,485,000 after buying an additional 545,890 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after buying an additional 3,573,493 shares during the period. Finally, Polar Capital Holdings Plc increased its position in shares of Everpure by 90.5% during the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after buying an additional 1,345,207 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

P has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Barclays increased their price objective on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. UBS Group increased their price objective on shares of Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research report on Thursday, February 26th. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Everpure in a research report on Monday, February 23rd. Finally, Citigroup cut shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.21.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 534,265 shares of company stock worth $41,321,234 over the last 90 days. 5.10% of the stock is owned by corporate insiders.

Everpure Stock Performance

Shares of NYSE P opened at $77.80 on Thursday. The firm has a market cap of $25.71 billion, a P/E ratio of 141.46, a P/E/G ratio of 5.69 and a beta of 1.44. Everpure, Inc. has a 12-month low of $50.20 and a 12-month high of $100.59.

Everpure (NYSE:P) last issued its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. Everpure’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 earnings per share. Equities research analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

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.