Verdence Capital Advisors LLC Buys 3,920 Shares of Everpure, Inc. $P

Verdence Capital Advisors LLC purchased a new stake in Everpure, Inc. (NYSE:P) during the third quarter, according to its most recent filing with the SEC. The fund purchased 3,920 shares of the company’s stock, valued at approximately $513,000.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC grew its position in shares of Everpure by 49.0% during the third quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock valued at $47,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of Everpure in the second quarter worth about $29,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Everpure in the third quarter worth about $48,000. Root Financial Partners LLC bought a new position in Everpure during the third quarter valued at approximately $61,000. Finally, Ancora Advisors LLC bought a new position in Everpure during the second quarter valued at approximately $67,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Stock Performance

Shares of P stock opened at $137.13 on Friday. The stock has a market capitalization of $45.70 billion, a P/E ratio of 187.85, a PEG ratio of 4.62 and a beta of 1.39. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57. The company’s 50 day moving average is $119.36.

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

Insider Buying and Selling

In other Everpure news, insider Ajay Singh sold 18,267 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total transaction of $2,835,769.08. Following the transaction, the insider owned 270,095 shares in the company, valued at $41,929,547.80. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew Brown sold 4,268 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the completion of the sale, the director owned 23,415 shares of the company’s stock, valued at $3,653,442.45. This trade represents a 15.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,235,091 shares of company stock valued at $142,276,537 over the last 90 days. 5.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on P. Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Everpure in a research note on Thursday, August 20th. Evercore reissued an “outperform” rating and issued a $145.00 target price on shares of Everpure in a report on Thursday, September 24th. Citigroup raised their target price on shares of Everpure from $130.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Zacks Research upgraded shares of Everpure from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Everpure has an average rating of “Moderate Buy” and a consensus price target of $143.25.

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.