Natixis Advisors LLC Sells 24,537 Shares of Everpure, Inc. $P

Natixis Advisors LLC lessened its stake in shares of Everpure, Inc. (NYSE:P) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,775 shares of the company’s stock after selling 24,537 shares during the period. Natixis Advisors LLC’s holdings in Everpure were worth $6,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of P. Provenance Wealth Advisors LLC purchased a new position in shares of Everpure in the 3rd quarter worth about $27,000. Sunbelt Securities Inc. grew its position in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Everpure during the 3rd quarter valued at about $28,000. Assetmark Inc. increased its stake in Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after purchasing an additional 222 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in Everpure in the third quarter worth about $29,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 10,280 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $85.32, for a total value of $877,089.60. Following the sale, the insider owned 6,614,941 shares in the company, valued at approximately $564,386,766.12. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 544,545 shares of company stock valued at $42,198,324 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Everpure Trading Up 2.4%

Shares of NYSE P opened at $73.89 on Tuesday. The stock has a market cap of $24.42 billion, a PE ratio of 111.96, a P/E/G ratio of 5.12 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 issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities research analysts forecast that Everpure, Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on P. JPMorgan Chase & Co. lifted their target price on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Morgan Stanley upped their price objective on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Northland Securities set a $90.00 price objective on Everpure in a research report on Thursday, May 28th. Finally, UBS Group upped their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research report on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

Everpure 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.