PFA Pension Forsikringsaktieselskab Makes New $10.95 Million Investment in Everpure, Inc. $P

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Everpure, Inc. (NYSE:P) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 161,500 shares of the company’s stock, valued at approximately $10,948,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in Everpure by 8.3% during the third quarter. Versant Capital Management Inc now owns 1,598 shares of the company’s stock worth $134,000 after purchasing an additional 122 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Everpure by 40.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock valued at $39,000 after acquiring an additional 134 shares during the period. One Capital Management LLC increased its holdings in shares of Everpure by 1.0% in the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock valued at $1,236,000 after acquiring an additional 141 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Everpure by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the company’s stock valued at $3,667,000 after acquiring an additional 152 shares during the period. Finally, State of Wyoming boosted its stake in Everpure by 10.3% during the 3rd quarter. State of Wyoming now owns 1,673 shares of the company’s stock worth $140,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Stock Performance

Shares of P opened at $71.59 on Monday. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 130.16, a PEG ratio of 5.35 and a beta of 1.44. Everpure, Inc. has a 1 year low of $46.31 and a 1 year high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. Everpure’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. As a group, equities research analysts expect that Everpure, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings assumed coverage on shares of Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating for the company. Piper Sandler reiterated a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Citigroup decreased their price target on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Northland Securities upgraded shares of Everpure from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $77.00 to $81.00 in a research note on Monday, March 9th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.21.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 82,266 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $70.50, for a total value of $5,799,753.00. Following the transaction, the insider directly owned 66,927 shares of the company’s stock, valued at approximately $4,718,353.50. The trade was a 55.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 200,000 shares of company stock valued at $14,046,750. Insiders own 5.60% of the company’s stock.

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.