Everpure, Inc. $P Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Everpure, Inc. (NYSE:P) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 922,306 shares of the company’s stock after selling 23,484 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Everpure were worth $120,619,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Everpure in the 3rd quarter valued at $14,234,000. ProShare Advisors LLC grew its stake in shares of Everpure by 373.2% during the third quarter. ProShare Advisors LLC now owns 64,335 shares of the company’s stock worth $8,414,000 after purchasing an additional 50,738 shares in the last quarter. Vise Technologies Inc. increased its holdings in Everpure by 54.5% in the third quarter. Vise Technologies Inc. now owns 8,968 shares of the company’s stock valued at $1,173,000 after buying an additional 3,165 shares during the last quarter. Left Brain Wealth Management LLC acquired a new stake in Everpure in the third quarter valued at $544,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Everpure by 3.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 99,873 shares of the company’s stock worth $13,061,000 after buying an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on P. UBS Group upped their price objective on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research report on Thursday, August 27th. Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Everpure in a research note on Thursday, September 24th. Needham & Company LLC raised their price objective on shares of Everpure from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Wall Street Zen downgraded shares of Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Barclays upped their target price on shares of Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.65.

Insider Activity

In other Everpure news, insider Ajay Singh sold 18,267 shares of Everpure stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total value of $2,835,769.08. Following the transaction, the insider directly owned 270,095 shares in the company, valued at approximately $41,929,547.80. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew Brown sold 4,268 shares of Everpure stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $156.03, for a total transaction of $665,936.04. Following the completion of the transaction, the director owned 23,415 shares in the company, valued at approximately $3,653,442.45. This represents a 15.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,145,371 shares of company stock worth $134,591,122 over the last 90 days. 5.10% of the stock is owned by corporate insiders.

Everpure Price Performance

P stock opened at $113.89 on Tuesday. The firm has a market capitalization of $37.95 billion, a P/E ratio of 171.11, a P/E/G ratio of 4.62 and a beta of 1.39. The company has a 50 day moving average price of $119.81. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $157.57.

Everpure (NYSE:P) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion for the quarter. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, equities research analysts expect that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

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.