Leonteq Securities AG Acquires Shares of 10,719 Everpure, Inc. $P

Leonteq Securities AG bought a new position in Everpure, Inc. (NYSE:P) during the fourth quarter, Holdings Channel reports. The fund bought 10,719 shares of the company’s stock, valued at approximately $718,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westfield Capital Management Co. LP grew its position in shares of Everpure by 69.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock worth $146,798,000 after buying an additional 717,834 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Everpure by 96.3% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the company’s stock worth $2,612,000 after buying an additional 15,286 shares during the period. AlTi Global Inc. purchased a new stake in shares of Everpure in the 3rd quarter worth about $2,517,000. ARK Investment Management LLC grew its position in shares of Everpure by 12.6% in the 3rd quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock worth $29,090,000 after buying an additional 38,768 shares during the period. Finally, RBA Wealth Management LLC purchased a new stake in shares of Everpure in the 3rd quarter worth about $5,964,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Trading Up 10.6%

Shares of P stock opened at $87.39 on Friday. Everpure, Inc. has a one year low of $50.20 and a one year high of $100.59. The stock has a market cap of $28.88 billion, a P/E ratio of 158.89, a PEG ratio of 5.91 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on P. JPMorgan Chase & Co. reduced their target price on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings began coverage on shares of Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating on the stock. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Everpure in a research report on Monday, February 23rd. Finally, UBS Group upped their target price on shares of Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a research report on Thursday, February 26th. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.21.

Insider Buying and Selling

In related news, insider John Colgrove sold 200,000 shares of the 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 approximately $569,305,240.53. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 534,265 shares of company stock worth $41,321,234. Corporate insiders own 5.10% of the company’s stock.

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.