Swedbank AB Has $16.94 Million Stock Position in Everpure, Inc. $P

Swedbank AB increased its stake in Everpure, Inc. (NYSE:P) by 63.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 252,732 shares of the company’s stock after buying an additional 97,978 shares during the period. Swedbank AB’s holdings in Everpure were worth $16,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Everpure by 1.9% in the third quarter. Vanguard Group Inc. now owns 33,891,025 shares of the company’s stock worth $2,840,407,000 after acquiring an additional 623,019 shares during the period. State Street Corp lifted its stake in shares of Everpure by 1.9% in the third quarter. State Street Corp now owns 10,864,918 shares of the company’s stock worth $910,589,000 after acquiring an additional 199,831 shares during the period. Atreides Management LP lifted its stake in shares of Everpure by 15.4% in the third quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock worth $343,485,000 after acquiring an additional 545,890 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Everpure by 786.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after acquiring an additional 3,573,493 shares during the period. Finally, Polar Capital Holdings Plc lifted its stake in shares of Everpure by 90.5% in the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after acquiring an additional 1,345,207 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the company’s 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 sale, the insider owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,265 shares of company stock worth $41,321,234 in the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on P. Wall Street Zen raised Everpure from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a research note on Thursday, February 26th. Barclays lifted their price objective on Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Northland Securities upgraded Everpure from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $77.00 to $81.00 in a report on Monday, March 9th. Finally, Weiss Ratings started coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.21.

Everpure Stock Up 0.2%

NYSE P opened at $87.39 on Tuesday. The company has a market cap of $28.88 billion, a PE ratio of 158.89, a PEG ratio of 6.52 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 released 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. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Everpure, Inc. will post 0.72 earnings per share for the current fiscal 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.