352,941 Shares in Everpure, Inc. $P Purchased by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG purchased 352,941 shares of Everpure, valued at approximately $25.5 million, giving it a 0.11% stake. Institutional investors collectively own 83.42% of the company.
• Everpure reported quarterly EPS of $0.70, surpassing the $0.19 analyst consensus, while revenue reached $1.19 billion, up 37.7% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $129.10, although insiders have sold about $77.3 million worth of shares over the past 90 days.

Raiffeisen Bank International AG bought a new stake in Everpure, Inc. (NYSE:P - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 352,941 shares of the company's stock, valued at approximately $25,525,000. Raiffeisen Bank International AG owned about 0.11% of Everpure as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Paradigm Capital Management Inc. NY purchased a new stake in shares of Everpure during the second quarter worth $2,127,000. S&CO Inc. acquired a new position in Everpure in the second quarter valued at $15,003,000. ClearAlpha Technologies LP purchased a new position in shares of Everpure during the fourth quarter worth approximately $971,000. National Pension Service increased its position in Everpure by 782.9% in the 4th quarter. National Pension Service now owns 665,667 shares of the company's stock valued at $44,606,000 after acquiring an additional 590,274 shares during the period. Finally, New Mexico Educational Retirement Board purchased a new position in Everpure during the 2nd quarter worth $4,948,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Stock Performance

NYSE P opened at $97.98 on Friday. The firm has a market cap of $32.57 billion, a P/E ratio of 134.22, a P/E/G ratio of 3.72 and a beta of 1.43. Everpure, Inc. has a 12 month low of $56.78 and a 12 month high of $119.10. The company's 50-day moving average is $87.26.

Everpure (NYSE:P - Get Free Report) last released 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 firm 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 business's revenue for the quarter was up 37.7% compared to the same quarter last year. On average, analysts expect that Everpure, Inc. will post 0.96 EPS for the current fiscal year.

Insider Activity at Everpure

In other news, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the transaction, the insider directly owned 340,939 shares of the company's stock, valued at $26,634,154.68. The trade was a 2.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Colgrove sold 200,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 817,520 shares of company stock worth $77,276,792. 5.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on P. TD Cowen increased their price target on shares of Everpure from $100.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, August 18th. Zacks Research cut shares of Everpure from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Raymond James Financial reaffirmed an "outperform" rating and issued a $122.00 target price on shares of Everpure in a research note on Thursday, August 27th. Piper Sandler reissued an "overweight" rating and issued a $133.00 price target (up from $92.00) on shares of Everpure in a report on Thursday, August 27th. Finally, Wall Street Zen raised Everpure from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.10.

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.

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