Thornburg Investment Management Inc. Has $12.98 Million Stock Holdings in Everpure, Inc. $P

Thornburg Investment Management Inc. cut its stake in Everpure, Inc. (NYSE:P) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,748 shares of the company’s stock after selling 34,296 shares during the quarter. Thornburg Investment Management Inc. owned approximately 0.06% of Everpure worth $12,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Truvestments Capital LLC increased its stake in shares of Everpure by 11.1% in the fourth quarter. Truvestments Capital LLC now owns 10,142 shares of the company’s stock worth $680,000 after acquiring an additional 1,012 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Everpure by 2.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 40,038 shares of the company’s stock worth $2,683,000 after acquiring an additional 890 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Everpure in the fourth quarter worth $4,580,000. Mariner LLC increased its stake in shares of Everpure by 3.1% in the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company’s stock worth $179,538,000 after acquiring an additional 80,039 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Everpure by 1,364.9% in the fourth quarter. Focus Partners Wealth now owns 176,957 shares of the company’s stock worth $11,858,000 after acquiring an additional 164,877 shares during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Performance

Shares of NYSE:P opened at $72.40 on Monday. The stock has a market capitalization of $24.07 billion, a PE ratio of 109.70, a price-to-earnings-growth ratio of 4.09 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 results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. On average, sell-side analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current year.

Insider Activity

In other news, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $71.04, for a total value of $7,096,896.00. Following the sale, the insider directly owned 2,615,000 shares of the company’s stock, valued at approximately $185,769,600. This trade represents a 3.68% decrease in their ownership of the stock. 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. Insiders sold 644,545 shares of company stock valued at $49,302,220 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Analyst Upgrades and Downgrades

P has been the topic of a number of research reports. Northland Securities set a $90.00 price target on shares of Everpure 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 target price on the stock. in a research report on Thursday, May 14th. Wedbush increased their target price on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Morgan Stanley increased their target price on shares of Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Finally, Barclays increased their target price on shares of Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Thirteen 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.