Raiffeisen Bank International AG Purchases New Shares in Everpure, Inc. $P

Raiffeisen Bank International AG acquired a new position in Everpure, Inc. (NYSE:P) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 352,941 shares of the company’s stock, valued at approximately $25,525,000.

Several other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Everpure in the fourth quarter worth about $265,327,000. Atreides Management LP acquired a new position in shares of Everpure in the 2nd quarter valued at approximately $204,552,000. Polar Capital Holdings Plc boosted its stake in shares of Everpure by 90.5% during the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after buying an additional 1,345,207 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Everpure by 62.7% during the fourth quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after buying an additional 1,315,351 shares in the last quarter. Finally, Turiya Advisors Asia Ltd bought a new stake in shares of Everpure in the fourth quarter worth $67,010,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on P. Piper Sandler reissued an “overweight” rating and set a $133.00 price objective (up from $92.00) on shares of Everpure in a report on Thursday, August 27th. Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. JPMorgan Chase & Co. increased their target price on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Evercore reiterated an “outperform” rating and issued a $130.00 price target on shares of Everpure in a report on Monday, August 24th. Finally, Citigroup upped their price target on Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $129.10.

Insider Buying and Selling at Everpure

In other Everpure news, Director Susan J.S. Taylor sold 8,543 shares of Everpure stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the transaction, the director owned 94,608 shares in the company, valued at approximately $7,733,257.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Colgrove sold 64,815 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60. Following the completion of the transaction, the insider directly owned 6,074,080 shares in the company, valued at $713,339,955.20. This represents a 1.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 817,520 shares of company stock valued at $77,276,792 over the last 90 days. Insiders own 5.10% of the company’s stock.

Everpure Stock Performance

Shares of NYSE:P opened at $97.98 on Friday. The company has a market capitalization of $32.57 billion, a PE ratio of 134.22, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $119.10. The business’s 50 day moving average price is $87.26.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.51. The company 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 revenue was up 37.7% on a year-over-year basis. On average, equities analysts predict that Everpure, Inc. will post 0.96 earnings per share for the current fiscal 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.