Everpure, Inc. $P Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Everpure, Inc. (NYSE:P) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 757,052 shares of the company’s stock after selling 18,213 shares during the quarter. Principal Financial Group Inc.’s holdings in Everpure were worth $50,730,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Versant Capital Management Inc increased its position in shares of Everpure by 8.3% in the third quarter. Versant Capital Management Inc now owns 1,598 shares of the company’s stock worth $134,000 after acquiring an additional 122 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Everpure by 40.1% in the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 134 shares in the last quarter. One Capital Management LLC increased its position in shares of Everpure by 1.0% in the third quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after acquiring an additional 141 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Everpure by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,756 shares of the company’s stock worth $3,667,000 after acquiring an additional 152 shares in the last quarter. Finally, State of Wyoming increased its position in shares of Everpure by 10.3% in the third quarter. State of Wyoming now owns 1,673 shares of the company’s stock worth $140,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Buying and Selling at Everpure

In other Everpure news, insider John Colgrove sold 82,266 shares of the stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $70.50, for a total transaction of $5,799,753.00. Following the transaction, the insider directly owned 66,927 shares in the company, valued at $4,718,353.50. This represents a 55.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 334,265 shares of company stock valued at $24,135,234 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Everpure Stock Up 2.6%

Shares of P stock opened at $78.04 on Friday. The firm has a market capitalization of $25.79 billion, a PE ratio of 133.42, a PEG ratio of 5.68 and a beta of 1.44. Everpure, Inc. has a twelve month low of $48.31 and a twelve month high of $100.59.

Everpure (NYSE:P) last announced its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, research analysts predict that Everpure, Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on P shares. Barclays increased their price objective on shares of Everpure from $77.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 26th. Citigroup dropped their price objective on shares of Everpure from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $77.00 to $81.00 in a research report on Monday, March 9th. Weiss Ratings started coverage on shares of Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Thirteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and an average price target of $93.21.

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.