Everpure, Inc. $P Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its stake in shares of Everpure, Inc. (NYSE:P) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 265,947 shares of the company’s stock after purchasing an additional 66,917 shares during the period. Los Angeles Capital Management LLC owned 0.08% of Everpure worth $17,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in Everpure during the first quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after buying an additional 4,926 shares during the period. Goldman Sachs Group Inc. grew its stake in Everpure by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after buying an additional 595,307 shares during the period. Empowered Funds LLC grew its stake in Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after buying an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after buying an additional 2,316 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on P shares. Lake Street Capital boosted their price objective on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Citigroup downgraded shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. Wells Fargo & Company boosted their price objective on shares of Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Finally, Northland Securities set a $90.00 price objective on shares of Everpure in a research note on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.32.

Everpure Stock Up 0.0%

Shares of P stock opened at $72.19 on Monday. The firm has a market capitalization of $23.86 billion, a PE ratio of 109.39, a PEG ratio of 5.12 and a beta of 1.44. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59.

Everpure (NYSE:P) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, research analysts predict that Everpure, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 544,545 shares of company stock valued at $42,198,324 in the last ninety days. 5.10% of the stock is currently 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.