11,282 Shares in Everpure, Inc. $P Bought by CenterBook Partners LP

Key Points

• CenterBook Partners LP initiated a position in Everpure, acquiring 11,282 shares worth about $1.48 million in the third quarter. Other institutional investors also increased or opened positions; institutions own 83.42% of the stock.
• Analyst sentiment is broadly positive: Everpure has a “Moderate Buy” consensus and an average price target of $148.65. Several firms raised targets, including JPMorgan to $165 and Piper Sandler to $162.
• Everpure reported quarterly EPS of $0.70, beating the $0.19 consensus, while revenue rose 37.7% year over year to $1.19 billion. Insiders sold a combined 810,186 shares worth about $101.6 million over the past three months.

CenterBook Partners LP acquired a new stake in shares of Everpure, Inc. (NYSE:P - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,282 shares of the company's stock, valued at approximately $1,475,000.

Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Everpure by 504.0% during the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company's stock valued at $130,003,000 after buying an additional 829,476 shares during the period. Artemis Investment Management LLP boosted its holdings in Everpure by 100.1% during the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company's stock valued at $101,456,000 after acquiring an additional 388,066 shares during the period. JANA Partners Management LP bought a new position in shares of Everpure in the second quarter worth approximately $77,939,000. Banque Pictet & Cie SA grew its holdings in Everpure by 5.0% in the 3rd quarter. Banque Pictet & Cie SA now owns 242,400 shares of the company's stock worth $31,701,000 after acquiring an additional 11,559 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Everpure in the second quarter worth about $25,859,000. Hedge funds and other institutional investors own 83.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on P. Wells Fargo & Company upped their target price on Everpure from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, September 24th. JPMorgan Chase & Co. boosted their price target on Everpure from $145.00 to $165.00 and gave the stock an "overweight" rating in a research report on Thursday, September 24th. Cantor Fitzgerald reissued a "neutral" rating on shares of Everpure in a research report on Monday, October 12th. Wall Street Zen lowered Everpure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Finally, Piper Sandler lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $148.65.

Everpure Price Performance

Shares of NYSE P opened at $102.73 on Tuesday. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $157.57. The firm's 50 day simple moving average is $120.17. The company has a market capitalization of $34.23 billion, a price-to-earnings ratio of 140.73, a price-to-earnings-growth ratio of 3.73 and a beta of 1.43.

Everpure (NYSE:P - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The firm had revenue of $1.19 billion during the quarter. The business's revenue for the quarter was up 37.7% on a year-over-year basis. Analysts predict that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

Insider Activity

In other Everpure news, CAO Mona Chu sold 5,112 shares of the company's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $151.40, for a total value of $773,956.80. Following the completion of the transaction, the chief accounting officer directly owned 125,982 shares in the company, valued at $19,073,674.80. This represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott Dietzen sold 60,000 shares of Everpure stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total transaction of $8,496,000.00. Following the completion of the sale, the director owned 70,000 shares in the company, valued at approximately $9,912,000. This represents a 46.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 810,186 shares of company stock valued at $101,589,120 in the last three months. 5.10% of the stock is currently owned by insiders.

Everpure Profile

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads.

The company's portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.

Founded as Pure Storage in 2009, the company serves customers internationally.

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