Y Intercept Hong Kong Ltd Raises Stake in Everpure, Inc. $P

Y Intercept Hong Kong Ltd boosted its holdings in shares of Everpure, Inc. (NYSE:P) by 102.3% during the 4th quarter, HoldingsChannel reports. The firm owned 219,478 shares of the company’s stock after purchasing an additional 110,964 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Everpure were worth $14,707,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Everpure by 40.1% during the third quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 134 shares during the last quarter. One Capital Management LLC increased its position in Everpure by 1.0% during the third quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after purchasing an additional 141 shares during the last quarter. Rothschild Investment LLC increased its position in Everpure by 18.1% during the fourth quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after purchasing an additional 152 shares during the last quarter. GraniteShares Advisors LLC increased its position in Everpure by 2.3% during the fourth quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock worth $464,000 after purchasing an additional 157 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Everpure by 2.4% during the fourth quarter. GAMMA Investing LLC now owns 6,938 shares of the company’s stock worth $465,000 after purchasing an additional 164 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Lake Street Capital upped their price target on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings began coverage on shares of Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Everpure in a research note on Thursday, May 28th. Finally, Guggenheim boosted their price objective on shares of Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Everpure has a consensus rating of “Moderate Buy” and an average price target of $96.32.

Everpure Stock Up 4.4%

P opened at $72.40 on Friday. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 109.70, a price-to-earnings-growth ratio of 3.92 and a beta of 1.44.

Everpure (NYSE:P) last released its quarterly earnings data 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. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. Everpure’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, research analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 644,545 shares of company stock valued at $49,302,220 in the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

Everpure Company 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.