Everpure, Inc. $P Shares Newly Purchased by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC purchased a new stake in Everpure, Inc. (NYSE:P) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,160 shares of the company’s stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds also recently modified their holdings of P. JANA Partners Management LP acquired a new stake in shares of Everpure in the second quarter worth approximately $77,939,000. Assenagon Asset Management S.A. raised its stake in Everpure by 504.0% during the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company’s stock worth $130,003,000 after purchasing an additional 829,476 shares during the period. Artemis Investment Management LLP raised its stake in 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 purchasing an additional 388,066 shares during the period. Raiffeisen Bank International AG purchased a new position in Everpure during the second quarter worth approximately $25,525,000. Finally, Engineers Gate Manager LP purchased a new position in Everpure during the second quarter worth approximately $25,859,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the transaction, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% 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 1,235,091 shares of company stock worth $142,276,537 over the last 90 days. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

P has been the topic of several research reports. Guggenheim increased their target price on Everpure from $150.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Wedbush reissued an “outperform” rating and set a $130.00 price target on shares of Everpure in a research report on Thursday, September 24th. Morgan Stanley upped their price target on Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, September 24th. Weiss Ratings upgraded Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Finally, UBS Group raised their price objective on Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.25.

Everpure Stock Performance

Shares of P opened at $126.91 on Friday. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $157.57. The stock’s 50-day moving average is $119.70. The firm has a market capitalization of $42.29 billion, a PE ratio of 169.38, a PEG ratio of 4.58 and a beta of 1.39.

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