Gateway Investment Advisers LLC Takes Position in Everpure, Inc. $P

Gateway Investment Advisers LLC bought a new position in Everpure, Inc. (NYSE:P) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 9,023 shares of the company’s stock, valued at approximately $605,000.

Other large investors have also recently modified their holdings of the company. Winnow Wealth LLC bought a new stake in Everpure in the third quarter worth $26,000. Provenance Wealth Advisors LLC purchased a new position in Everpure during the third quarter worth $27,000. Sunbelt Securities Inc. increased its position in Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Everpure in the third quarter valued at $28,000. Finally, Assetmark Inc. raised its stake in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after acquiring an additional 222 shares during the period. Institutional investors own 83.42% of the company’s stock.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 82,266 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $70.50, for a total transaction of $5,799,753.00. Following the transaction, the insider directly owned 66,927 shares in the company, valued at $4,718,353.50. This trade represents a 55.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 334,265 shares of company stock valued at $24,135,234 over the last quarter. 0.43% of the stock is owned by corporate insiders.

Everpure Price Performance

Shares of P opened at $78.04 on Friday. The stock has a market cap of $25.79 billion, a P/E ratio of 141.90, a P/E/G ratio of 5.83 and a beta of 1.44. Everpure, Inc. has a 1-year low of $48.31 and a 1-year high of $100.59.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on P shares. Barclays lifted their price target on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Wall Street Zen raised shares of Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Citigroup dropped their target price on Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Finally, UBS Group increased their price target on Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a report on Thursday, February 26th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.21.

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.