Everpure, Inc. $P Stake Lowered by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in shares of Everpure, Inc. (NYSE:P) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,266 shares of the company’s stock after selling 30,543 shares during the quarter. Hantz Financial Services Inc.’s holdings in Everpure were worth $6,585,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in P. Westfield Capital Management Co. LP grew its holdings in 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in 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 in the last quarter. AlTi Global Inc. bought a new position in Everpure in the 3rd quarter worth approximately $2,517,000. ARK Investment Management LLC grew its holdings in 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 in the last quarter. Finally, RBA Wealth Management LLC bought a new position in Everpure in the 3rd quarter worth approximately $5,964,000. 83.42% of the stock is owned by institutional investors.

Everpure Price Performance

Shares of NYSE P opened at $87.39 on Tuesday. The firm has a market cap of $28.88 billion, a price-to-earnings ratio of 158.89, a PEG ratio of 6.52 and a beta of 1.44. Everpure, Inc. has a 1 year low of $50.20 and a 1 year high of $100.59.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on P. UBS Group increased their price objective on Everpure from $60.00 to $63.00 and gave the stock a “sell” rating in a report on Thursday, February 26th. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Everpure in a report on Monday, February 23rd. Northland Securities raised Everpure from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $77.00 to $81.00 in a report on Monday, March 9th. Wall Street Zen raised Everpure from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Barclays increased their price objective on Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.21.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This trade 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 three months, insiders sold 534,265 shares of company stock worth $41,321,234. Company insiders own 5.10% 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.