Soltis Investment Advisors LLC Purchases 5,918 Shares of Everpure, Inc. $P

Soltis Investment Advisors LLC purchased a new stake 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 purchased 5,918 shares of the company’s stock, valued at approximately $774,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in shares of Everpure by 504.0% during the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after buying an additional 829,476 shares during the last quarter. JANA Partners Management LP bought a new stake in Everpure in the 2nd quarter worth about $77,939,000. Artemis Investment Management LLP raised its position in Everpure by 100.1% in the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after buying an additional 388,066 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Everpure in the 2nd quarter worth about $25,525,000. Finally, Engineers Gate Manager LP purchased a new position in Everpure in the 2nd quarter worth about $25,859,000. 83.42% of the stock is owned by institutional investors.

Everpure Trading Down 7.5%

P stock opened at $126.91 on Friday. 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 $42.29 billion, a P/E ratio of 173.85, a P/E/G ratio of 4.24 and a beta of 1.39. The business has a fifty day moving average price of $119.70.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The company had revenue of $1.19 billion for the quarter. Everpure’s revenue for the quarter was up 37.7% compared to the same quarter last year. Sell-side analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on P shares. Raymond James Financial restated an “outperform” rating and set a $122.00 target price on shares of Everpure in a research note on Thursday, August 27th. UBS Group lifted their price target on shares of Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 27th. Wells Fargo & Company lifted their price target on shares of Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Wall Street Zen cut shares of Everpure from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Finally, TD Cowen increased their price objective on shares of Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. One 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 currently has a consensus rating of “Moderate Buy” and an average price target of $143.25.

Insider Buying and Selling at Everpure

In other Everpure news, Director Andrew Brown sold 4,268 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the completion of the sale, the director directly owned 23,415 shares in the company, valued at $3,653,442.45. The trade was a 15.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ajay Singh sold 18,267 shares of the company’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total transaction of $2,835,769.08. Following the sale, the insider directly owned 270,095 shares of the company’s stock, valued at $41,929,547.80. The trade was a 6.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,235,091 shares of company stock worth $142,276,537. 5.10% of the stock is owned by corporate insiders.

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.