Everpure, Inc. $P Stock Position Lowered by TD Asset Management Inc

TD Asset Management Inc lessened its position in Everpure, Inc. (NYSE:P) by 27.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 392,800 shares of the company’s stock after selling 145,345 shares during the period. TD Asset Management Inc’s holdings in Everpure were worth $26,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of P. Integrated Wealth Concepts LLC acquired a new stake in shares of Everpure during the first quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after purchasing an additional 4,926 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Everpure by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after purchasing an additional 595,307 shares during the period. Empowered Funds LLC raised its position in shares of Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after purchasing an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Everpure by 261.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after purchasing an additional 2,316 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Trading Up 0.0%

NYSE:P opened at $72.19 on Monday. The firm has a market cap of $23.86 billion, a P/E ratio of 109.39, a price-to-earnings-growth ratio of 5.12 and a beta of 1.44. Everpure, Inc. has a 1-year low of $50.20 and a 1-year high of $100.59.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s quarterly revenue 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. Equities research analysts predict that Everpure, Inc. will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. The trade was 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 544,545 shares of company stock valued at $42,198,324 in the last quarter. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

P has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Lake Street Capital boosted their target price on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings initiated coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Everpure in a research report on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

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.