6,501 Everpure, Inc. $P Shares Acquired by North Dakota State Investment Board

North Dakota State Investment Board raised its holdings in shares of Everpure, Inc. (NYSE:P) by 69.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,853 shares of the company’s stock after purchasing an additional 6,501 shares during the quarter. North Dakota State Investment Board’s holdings in Everpure were worth $2,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in P. Fortitude Family Office LLC increased its holdings in shares of Everpure by 49.0% in the third quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock valued at $47,000 after purchasing an additional 119 shares during the last quarter. Continuum Advisory LLC acquired a new stake in shares of Everpure during the 2nd quarter worth about $29,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Everpure during the 3rd quarter worth about $48,000. Root Financial Partners LLC acquired a new stake in shares of Everpure during the 3rd quarter worth about $61,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Everpure during the 2nd quarter worth about $67,000. 83.42% of the stock is owned by institutional investors.

Everpure Stock Down 1.1%

P stock opened at $137.13 on Friday. The company has a market cap of $45.70 billion, a PE ratio of 187.85, a price-to-earnings-growth ratio of 4.62 and a beta of 1.39. The stock’s fifty day moving average price is $119.36. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $157.57.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The company 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%. Everpure’s quarterly revenue was up 37.7% compared to the same quarter last year. Equities research analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Everpure from $119.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, September 24th. Barclays increased their price target on shares of Everpure from $110.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 25th. Wedbush restated an “outperform” rating and set a $130.00 price objective on shares of Everpure in a research report on Thursday, September 24th. Bank of America upgraded shares of Everpure from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $150.00 in a research report on Thursday, August 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $122.00 price objective on shares of Everpure in a report on Thursday, August 27th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.25.

Insider Activity at Everpure

In related news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,235,091 shares of company stock valued at $142,276,537 in the last 90 days. 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.