Sienna Gestion Cuts Stock Position in Everpure, Inc. $P

Sienna Gestion cut its holdings in shares of Everpure, Inc. (NYSE:P) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,038 shares of the company’s stock after selling 16,608 shares during the period. Sienna Gestion’s holdings in Everpure were worth $6,815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Everpure by 1.9% during the third quarter. Vanguard Group Inc. now owns 33,891,025 shares of the company’s stock worth $2,840,407,000 after purchasing an additional 623,019 shares during the period. State Street Corp increased its stake in Everpure by 0.8% during the fourth quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after purchasing an additional 88,583 shares during the period. Geode Capital Management LLC increased its stake in Everpure by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after purchasing an additional 207,317 shares during the period. Atreides Management LP increased its stake in Everpure by 15.4% during the third quarter. Atreides Management LP now owns 4,098,376 shares of the company’s stock worth $343,485,000 after purchasing an additional 545,890 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Everpure by 786.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock worth $337,554,000 after purchasing an additional 3,573,493 shares during the period. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Price Performance

Shares of P opened at $74.54 on Tuesday. The company has a market capitalization of $24.78 billion, a P/E ratio of 112.94, a price-to-earnings-growth ratio of 4.09 and a beta of 1.44. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share. On average, sell-side analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Ratings Changes

P has been the topic of a number of recent research reports. Guggenheim boosted their price target 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. Piper Sandler reissued an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Northland Securities set a $90.00 price objective on Everpure in a research report on Thursday, May 28th. Finally, Wells Fargo & Company boosted their price objective on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.32.

Insider Transactions at Everpure

In related news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was 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 of the company’s stock, valued at $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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 644,545 shares of company stock valued at $49,302,220 over the last three months. Corporate insiders own 5.10% of the company’s stock.

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.