5,470 Everpure, Inc. $P Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its stake in Everpure, Inc. (NYSE:P) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,272 shares of the company’s stock after selling 5,470 shares during the quarter. Sterling Capital Management LLC’s holdings in Everpure were worth $1,343,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Paradigm Capital Management Inc. NY purchased a new position in Everpure in the 2nd quarter valued at about $2,127,000. Nykredit A S acquired a new stake in Everpure in the 2nd quarter worth about $9,412,000. Wellington Management Group LLP purchased a new stake in Everpure during the 2nd quarter worth approximately $2,192,000. Sequoia Financial Advisors LLC purchased a new stake in Everpure during the 2nd quarter worth approximately $814,000. Finally, Raiffeisen Bank International AG purchased a new stake in Everpure during the 2nd quarter worth approximately $25,525,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Transactions at Everpure

In related news, CAO Mona Chu sold 5,112 shares of Everpure stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $151.40, for a total transaction of $773,956.80. Following the transaction, the chief accounting officer owned 125,982 shares in the company, valued at approximately $19,073,674.80. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $145.00, for a total value of $14,500,000.00. Following the transaction, the insider directly owned 5,393,309 shares in the company, valued at $782,029,805. This trade represents a 1.82% 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. In the last 90 days, insiders have sold 1,235,091 shares of company stock valued at $142,276,537. 5.10% of the stock is currently owned by company insiders.

Everpure Stock Performance

Shares of NYSE P opened at $131.24 on Tuesday. The stock has a market cap of $43.73 billion, a PE ratio of 179.78, a PEG ratio of 4.11 and a beta of 1.39. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $157.57. The company’s 50-day simple moving average is $117.74.

Everpure (NYSE:P) last released its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The business had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, research analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on P shares. Piper Sandler raised their target price on Everpure from $133.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, September 24th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Everpure in a research note on Monday, October 12th. Needham & Company LLC boosted their price target on Everpure from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Oppenheimer reissued an “outperform” rating and issued a $140.00 price objective on shares of Everpure in a research note on Thursday, August 20th. Finally, Northland Securities set a $167.00 price objective on Everpure in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $143.25.

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.