Everpure, Inc. $P Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of Everpure, Inc. (NYSE:P) by 46.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,138 shares of the company’s stock after buying an additional 8,861 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Everpure were worth $1,661,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in P. State Street Corp lifted its stake in Everpure by 0.8% in the fourth quarter. State Street Corp now owns 10,953,501 shares of the company’s stock valued at $733,994,000 after buying an additional 88,583 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after acquiring an additional 207,317 shares during the period. Atreides Management LP increased its holdings in shares of Everpure by 15.4% in the 3rd quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock worth $343,485,000 after acquiring an additional 545,890 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Everpure by 786.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after acquiring an additional 3,573,493 shares during the period. Finally, Norges Bank bought a new stake in Everpure in the 4th quarter valued at about $265,327,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction dated Monday, May 11th. The stock was 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. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 663,802 shares of company stock worth $50,774,521 over the last ninety days. Company insiders own 5.10% of the company’s stock.

Everpure Trading Down 2.1%

Shares of NYSE P opened at $79.27 on Friday. The firm’s fifty day moving average price is $77.17. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 120.11, a P/E/G ratio of 4.58 and a beta of 1.45. Everpure, Inc. has a 1 year low of $53.43 and a 1 year high of $100.59.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, analysts predict that Everpure, Inc. will post 0.92 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Northland Securities set a $90.00 target price on shares of Everpure in a research note on Thursday, May 28th. Morgan Stanley raised their price target on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Barclays lifted their price target on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 5th. Finally, Piper Sandler reissued an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.50.

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.