New Age Alpha Advisors LLC Takes $3.38 Million Position in Everpure, Inc. $P

New Age Alpha Advisors LLC acquired a new stake in shares of Everpure, Inc. (NYSE:P) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,385 shares of the company’s stock, valued at approximately $3,376,000.

Several other institutional investors have also recently made changes to their positions in P. Arrowstreet Capital Limited Partnership raised its holdings 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 valued at $337,554,000 after purchasing an additional 3,573,493 shares during the period. Atreides Management LP acquired a new position in shares of Everpure during the second quarter valued at about $204,552,000. Polar Capital Holdings Plc raised its holdings 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 valued at $237,278,000 after purchasing an additional 1,345,207 shares during the period. AQR Capital Management LLC raised its holdings in shares of Everpure by 158.4% during the second quarter. AQR Capital Management LLC now owns 1,938,125 shares of the company’s stock valued at $110,473,000 after purchasing an additional 1,188,126 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in shares of Everpure by 69.4% during the third quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock valued at $146,798,000 after purchasing an additional 717,834 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on P shares. UBS Group upped their price objective on shares of Everpure from $60.00 to $63.00 and gave the company a “sell” rating in a report on Thursday, February 26th. Barclays upped their price objective on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Wells Fargo & Company lowered their price objective on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Everpure in a report on Monday, February 23rd. Finally, Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Everpure currently has a consensus rating of “Moderate Buy” and an average price target of $93.21.

Everpure Stock Performance

P opened at $87.39 on Tuesday. Everpure, Inc. has a 1-year low of $50.20 and a 1-year high of $100.59. The firm has a market cap of $28.88 billion, a price-to-earnings ratio of 158.89, a price-to-earnings-growth ratio of 6.52 and a beta of 1.44.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm 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 business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities research analysts anticipate that Everpure, Inc. will post 0.72 earnings per share for the current year.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the sale, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 534,265 shares of company stock valued at $41,321,234 in the last three months. Corporate insiders own 5.10% of the company’s stock.

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.