90,900 Shares in Everpure, Inc. $P Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Everpure, Inc. (NYSE:P) during the first quarter, Holdings Channel reports. The fund purchased 90,900 shares of the company’s stock, valued at approximately $5,367,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Everpure during the 4th quarter valued at $265,327,000. Arrowstreet Capital Limited Partnership grew its holdings in 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 last quarter. Atreides Management LP bought a new stake in Everpure in the 2nd quarter worth $204,552,000. Polar Capital Holdings Plc increased its position in shares of Everpure by 90.5% in the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after acquiring an additional 1,345,207 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Everpure by 62.7% in the fourth quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock valued at $228,820,000 after acquiring an additional 1,315,351 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Activity at Everpure

In other Everpure news, Director Mallun Yen sold 4,735 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $76.90, for a total transaction of $364,121.50. Following the sale, the director directly owned 43,281 shares in the company, valued at approximately $3,328,308.90. This trade represents a 9.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 99,900 shares of Everpure stock in a transaction on Friday, June 12th. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00. Following the completion of the sale, the insider directly owned 2,615,000 shares of the company’s stock, valued at approximately $185,769,600. The trade was a 3.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 649,280 shares of company stock valued at $49,666,341 in the last three months. 5.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Piper Sandler restated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Wedbush upped their price target on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Morgan Stanley increased their price objective on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Weiss Ratings started coverage on Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.32.

Everpure Stock Down 3.6%

Shares of NYSE P opened at $69.14 on Friday. The firm’s 50 day simple moving average is $76.44. Everpure, Inc. has a fifty-two week low of $53.43 and a fifty-two week high of $100.59. The company has a market capitalization of $22.98 billion, a P/E ratio of 104.76, a price-to-earnings-growth ratio of 4.06 and a beta of 1.44.

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

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.