7,664 Shares in Everpure, Inc. $P Acquired by Greenland Capital Management LP

Greenland Capital Management LP bought a new position in shares of Everpure, Inc. (NYSE:P) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 7,664 shares of the company’s stock, valued at approximately $604,000.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the period. Continuum Advisory LLC purchased a new position in shares of Everpure during the second quarter worth approximately $29,000. Banque Transatlantique SA purchased a new position in shares of Everpure during the third quarter worth approximately $29,000. Reflection Asset Management purchased a new position in shares of Everpure during the fourth quarter worth approximately $32,000. Finally, Greenline Wealth Management LLC bought a new stake in shares of Everpure during the fourth quarter valued at approximately $32,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Stock Performance

Shares of P stock opened at $99.50 on Tuesday. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $119.10. The company’s 50-day moving average is $88.41. The company has a market capitalization of $33.07 billion, a P/E ratio of 136.30, a P/E/G ratio of 4.00 and a beta of 1.43.

Everpure (NYSE:P) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The business 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 was up 37.7% compared to the same quarter last year. On average, sell-side analysts predict that Everpure, Inc. will post 0.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 target price on shares of Everpure in a report on Thursday, August 27th. TD Cowen lifted their price objective on Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Northland Securities upped their price objective on shares of Everpure from $90.00 to $128.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. William Blair reiterated an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Finally, Bank of America raised shares of Everpure from a “neutral” rating to a “buy” rating and upped their price target for the stock from $90.00 to $150.00 in a research report on Thursday, August 27th. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.10.

Insider Activity

In other news, insider John Colgrove sold 64,815 shares of Everpure stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $117.44, for a total value of $7,611,873.60. Following the transaction, the insider owned 6,074,080 shares of the company’s stock, valued at $713,339,955.20. The trade was a 1.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Brown sold 4,735 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $72.57, for a total transaction of $343,618.95. Following the transaction, the director owned 27,683 shares of the company’s stock, valued at approximately $2,008,955.31. This trade represents a 14.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 817,520 shares of company stock valued at $77,276,792 over the last 90 days. 5.10% of the stock is currently owned by corporate insiders.

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.