Everpure, Inc. $P Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Everpure, Inc. (NYSE:P) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 336,961 shares of the company’s stock after acquiring an additional 29,740 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Everpure were worth $23,254,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Versant Capital Management Inc grew its stake in shares of Everpure by 8.3% during the third quarter. Versant Capital Management Inc now owns 1,598 shares of the company’s stock valued at $134,000 after acquiring an additional 122 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Everpure by 40.1% during the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 134 shares in the last quarter. One Capital Management LLC grew its stake in shares of Everpure by 1.0% during the third quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock valued at $1,236,000 after acquiring an additional 141 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Everpure by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the company’s stock valued at $3,667,000 after acquiring an additional 152 shares in the last quarter. Finally, State of Wyoming grew its stake in shares of Everpure by 10.3% during the third quarter. State of Wyoming now owns 1,673 shares of the company’s stock valued at $140,000 after acquiring an additional 156 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Price Performance

Shares of P stock opened at $78.04 on Friday. Everpure, Inc. has a 52 week low of $48.31 and a 52 week high of $100.59. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 141.90, a P/E/G ratio of 5.83 and a beta of 1.44.

Everpure (NYSE:P) last issued its earnings results on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. Everpure’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 82,266 shares of Everpure stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $70.50, for a total value of $5,799,753.00. Following the completion of the transaction, the insider directly owned 66,927 shares in the company, valued at $4,718,353.50. The trade was a 55.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 334,265 shares of company stock valued at $24,135,234 in the last three months. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on P. Citigroup lowered their target price on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Wall Street Zen upgraded Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company decreased their price target on Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Weiss Ratings assumed coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Everpure in a research note on Monday, February 23rd. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.