Wavvest Wealth LLC Buys 5,117 Shares of Everpure, Inc. $P

Wavvest Wealth LLC bought a new stake in Everpure, Inc. (NYSE:P) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,117 shares of the company’s stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of P. Fortitude Family Office LLC raised its stake in Everpure by 49.0% in the third quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock valued at $47,000 after buying an additional 119 shares in the last quarter. Continuum Advisory LLC acquired a new position in shares of Everpure during the 2nd quarter worth about $29,000. SHP Wealth Management acquired a new position in shares of Everpure during the 4th quarter worth about $36,000. Ancora Advisors LLC acquired a new position in shares of Everpure during the 2nd quarter worth about $67,000. Finally, Apella Capital LLC purchased a new position in shares of Everpure in the 3rd quarter valued at about $184,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Everpure news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at approximately $627,856,278.40. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,235,091 shares of company stock worth $142,276,537 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Everpure Price Performance

NYSE P opened at $130.99 on Thursday. The firm has a fifty day moving average of $117.19. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $157.57. The stock has a market cap of $43.65 billion, a P/E ratio of 179.44, a price-to-earnings-growth ratio of 4.22 and a beta of 1.39.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm had revenue of $1.19 billion during the quarter. Everpure’s revenue was up 37.7% compared to the same quarter last year. As a group, equities analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

P has been the topic of a number of recent analyst reports. Guggenheim increased their price objective on Everpure from $150.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 12th. Citigroup boosted their target price on Everpure from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. UBS Group boosted their target price on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 27th. Zacks Research raised Everpure from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Evercore reaffirmed an “outperform” rating and issued a $145.00 price target on shares of Everpure in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and an average price target of $143.25.

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.