Nomura Asset Management Co. Ltd. Increases Stake in Everpure, Inc. $P

Nomura Asset Management Co. Ltd. grew its position in shares of Everpure, Inc. (NYSE:P) by 7.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 99,210 shares of the company’s stock after buying an additional 6,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Everpure were worth $6,648,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock worth $39,000 after buying an additional 134 shares during the last quarter. One Capital Management LLC grew its stake in shares of Everpure by 1.0% during the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after purchasing an additional 141 shares during the period. Rothschild Investment LLC grew its stake in shares of Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after purchasing an additional 152 shares during the period. State of Wyoming grew its stake in shares of 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. Finally, GraniteShares Advisors LLC grew its stake in shares of Everpure by 2.3% during the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock worth $464,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the sale, the insider directly owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 534,265 shares of company stock valued at $41,321,234. 5.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Citigroup cut shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Thursday, May 14th. UBS Group upped their price target on shares of Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research note on Thursday, May 28th. Wedbush upped their price target on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure has an average rating of “Moderate Buy” and an average target price of $96.32.

Everpure Stock Performance

Shares of NYSE P opened at $80.98 on Thursday. The stock has a market capitalization of $26.76 billion, a P/E ratio of 122.70, a price-to-earnings-growth ratio of 5.88 and a beta of 1.44. Everpure, Inc. has a 52 week low of $50.20 and a 52 week high of $100.59.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm’s revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. As a group, equities research analysts expect that Everpure, Inc. will post 0.73 earnings per share for the current year.

About Everpure

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.