Mirae Asset Global Investments Co. Ltd. Acquires New Shares in Everpure, Inc. $P

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Everpure, Inc. (NYSE:P) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 108,839 shares of the company’s stock, valued at approximately $14,234,000.

A number of other large investors also recently modified their holdings of the company. ProShare Advisors LLC increased its stake in Everpure by 373.2% during the 3rd quarter. ProShare Advisors LLC now owns 64,335 shares of the company’s stock valued at $8,414,000 after purchasing an additional 50,738 shares in the last quarter. Vise Technologies Inc. raised its holdings in Everpure by 54.5% during the third quarter. Vise Technologies Inc. now owns 8,968 shares of the company’s stock worth $1,173,000 after buying an additional 3,165 shares during the last quarter. Left Brain Wealth Management LLC bought a new position in shares of Everpure in the third quarter valued at $544,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Everpure by 3.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 99,873 shares of the company’s stock valued at $13,061,000 after buying an additional 3,300 shares in the last quarter. Finally, Soltis Investment Advisors LLC bought a new position in shares of Everpure in the third quarter valued at $774,000. 83.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on P. Morgan Stanley lifted their price objective on shares of Everpure from $119.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, September 24th. Northland Securities set a $167.00 price target on shares of Everpure and gave the company an “outperform” rating in a research report on Thursday, September 24th. Susquehanna raised their price target on shares of Everpure from $145.00 to $175.00 and gave the company a “positive” rating in a research report on Friday, September 25th. JPMorgan Chase & Co. lifted their price target on Everpure from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, September 24th. Finally, Raymond James Financial boosted their price objective on Everpure from $122.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.65.

Everpure Stock Up 3.4%

P opened at $117.67 on Wednesday. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57. The stock has a market cap of $39.21 billion, a P/E ratio of 140.47, a price-to-earnings-growth ratio of 3.80 and a beta of 1.43. The business’s fifty day moving average price is $120.15.

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 company had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Insider Activity

In other Everpure news, Director Scott Dietzen sold 60,000 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total value of $8,496,000.00. Following the completion of the sale, the director owned 70,000 shares in the company, valued at approximately $9,912,000. This trade represents a 46.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,145,371 shares of company stock worth $134,591,122. 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.