Everpure, Inc. $P Stock: Robeco Institutional Asset Management B.V. Lowers Stake

Robeco Institutional Asset Management B.V. trimmed its position in shares of Everpure, Inc. (NYSE:P) by 34.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 181,424 shares of the company’s stock after selling 97,060 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Everpure were worth $23,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of P. Assenagon Asset Management S.A. raised its stake in shares of Everpure by 504.0% in the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock valued at $130,003,000 after acquiring an additional 829,476 shares during the period. Artemis Investment Management LLP lifted its holdings in shares of Everpure by 100.1% in the 3rd 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. JANA Partners Management LP purchased a new position in shares of Everpure during the 2nd quarter worth about $77,939,000. Banque Pictet & Cie SA boosted its stake in shares of Everpure by 5.0% during the 3rd quarter. Banque Pictet & Cie SA now owns 242,400 shares of the company’s stock worth $31,701,000 after purchasing an additional 11,559 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of Everpure during the 2nd quarter worth about $25,859,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider directly owned 6,474,080 shares of the company’s stock, valued at approximately $627,856,278.40. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,235,091 shares of company stock worth $142,276,537 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on P shares. Susquehanna reiterated a “positive” rating and set a $145.00 price target on shares of Everpure in a report on Thursday, August 27th. DA Davidson set a $100.00 price objective on shares of Everpure in a research note on Wednesday, July 1st. Piper Sandler raised their price objective on shares of Everpure from $133.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Bank of America upgraded Everpure from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $150.00 in a research report on Thursday, August 27th. Finally, Northland Securities set a $167.00 target price on Everpure in a research note on Thursday, September 24th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, Everpure currently has an average rating of “Moderate Buy” and an average target price of $143.25.

Everpure Stock Up 1.8%

P stock opened at $123.33 on Friday. The stock has a market cap of $41.10 billion, a P/E ratio of 168.94, a PEG ratio of 4.04 and a beta of 1.39. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $157.57. The business has a 50-day moving average of $117.36.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, analysts predict that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

About Everpure

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.