Everpure, Inc. $P Stock Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its stake in Everpure, Inc. (NYSE:P) by 73.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,600 shares of the company’s stock after selling 46,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Everpure were worth $2,171,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of Everpure by 504.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after buying an additional 829,476 shares during the last quarter. JANA Partners Management LP bought a new position in shares of Everpure during the second quarter worth about $77,939,000. Artemis Investment Management LLP raised its position in shares of Everpure by 100.1% during the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company’s stock worth $101,456,000 after acquiring an additional 388,066 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Everpure by 15,793.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 451,842 shares of the company’s stock worth $60,606,000 after acquiring an additional 448,999 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of Everpure in the second quarter worth approximately $25,525,000. 83.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on P shares. Raymond James Financial upped their target price on Everpure from $122.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, September 25th. Zacks Research upgraded shares of Everpure from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Morgan Stanley boosted their price target on shares of Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Needham & Company LLC upped their price objective on shares of Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Finally, Guggenheim upped their price objective on shares of Everpure from $150.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $148.65.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $153.73, for a total transaction of $15,373,000.00. Following the transaction, the insider directly owned 2,415,000 shares in the company, valued at approximately $371,257,950. This represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott Dietzen sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $141.60, for a total transaction of $8,496,000.00. Following the sale, the director directly owned 70,000 shares of the company’s stock, valued at approximately $9,912,000. This trade represents a 46.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 710,186 shares of company stock valued at $89,868,120 in the last ninety days. 5.10% of the stock is owned by corporate insiders.

Everpure Price Performance

Shares of NYSE:P opened at $106.46 on Thursday. The firm has a market cap of $35.48 billion, a P/E ratio of 145.84, a price-to-earnings-growth ratio of 3.40 and a beta of 1.43. The company has a 50-day simple moving average of $120.59. Everpure, Inc. has a 1 year low of $56.78 and a 1 year 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 the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The company had revenue of $1.19 billion for the quarter. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. Research analysts predict that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Everpure Profile

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.