Everpure, Inc. $P Stake Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in Everpure, Inc. (NYSE:P) by 65.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,055 shares of the company’s stock after selling 57,551 shares during the period. Yousif Capital Management LLC’s holdings in Everpure were worth $3,931,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in P. Brookstone Capital Management boosted its stake in Everpure by 4.4% in the 3rd quarter. Brookstone Capital Management now owns 2,877 shares of the company’s stock worth $376,000 after buying an additional 121 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Everpure during the 3rd quarter worth about $61,000. Reyes Financial Architecture Inc. acquired a new stake in Everpure during the 3rd quarter worth approximately $48,000. Cypress Wealth Services LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $314,000. Finally, Axxcess Wealth Management LLC acquired a new stake in Everpure during the 3rd quarter worth approximately $295,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

P has been the topic of several research reports. Zacks Research upgraded shares of Everpure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Bank of America upgraded shares of Everpure from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $150.00 in a research note on Thursday, August 27th. Wells Fargo & Company increased their price objective on shares of Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Needham & Company LLC raised their target price on shares of Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Everpure in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus target price of $143.25.

Everpure Price Performance

Shares of NYSE P opened at $131.24 on Tuesday. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57. The stock has a market capitalization of $43.73 billion, a P/E ratio of 179.78, a price-to-earnings-growth ratio of 4.11 and a beta of 1.39. The stock has a 50-day moving average of $117.74.

Everpure (NYSE:P) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Sell-side analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the sale, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,235,091 shares of company stock valued at $142,276,537. 5.10% of the stock is owned by corporate insiders.

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.