Paradigm Capital Management Inc. NY Makes New Investment in Everpure, Inc. $P

Paradigm Capital Management Inc. NY bought a new stake in shares of Everpure, Inc. (NYSE:P) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,000 shares of the company’s stock, valued at approximately $2,127,000.

Several other large investors also recently modified their holdings of P. PFA Pension Forsikringsaktieselskab bought a new position in Everpure during the fourth quarter valued at $10,948,000. S&CO Inc. bought a new stake in shares of Everpure in the second quarter valued at $15,003,000. National Pension Service raised its stake in shares of Everpure by 782.9% in the fourth quarter. National Pension Service now owns 665,667 shares of the company’s stock valued at $44,606,000 after buying an additional 590,274 shares during the period. ClearAlpha Technologies LP purchased a new position in shares of Everpure during the 4th quarter valued at $971,000. Finally, Geode Capital Management LLC lifted its position in shares of Everpure by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after buying an additional 207,317 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Insider Activity at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. The trade was a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the transaction, the insider directly owned 340,939 shares in the company, valued at $26,634,154.68. The trade was a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 827,800 shares of company stock worth $78,153,882. 5.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Wells Fargo & Company upped their price objective on shares of Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Citigroup upgraded shares of Everpure from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $118.00 in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everpure in a research note on Friday, July 17th. Finally, Wedbush boosted their price target on shares of Everpure from $105.00 to $127.00 and gave the company an “outperform” rating in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and a consensus price target of $108.30.

Everpure Trading Down 7.4%

Shares of NYSE:P opened at $100.47 on Tuesday. The company’s 50 day moving average price is $83.42. The stock has a market capitalization of $33.40 billion, a PE ratio of 152.23, a P/E/G ratio of 6.04 and a beta of 1.45. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $119.10.

Everpure (NYSE:P) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts anticipate that Everpure, Inc. will post 0.93 earnings per share for the current 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.