42,170 Shares of Everpure, Inc. $P Bought by Atlatl Advisers LLC

Key Points

• Atlatl Advisers LLC purchased 42,170 Everpure shares valued at approximately $5.5 million, while institutional investors collectively own 83.42% of the company.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $143.25; several firms recently raised their targets.
• Everpure reported quarterly EPS of $0.70, beating estimates by $0.51, while revenue rose 37.7% year over year to $1.19 billion. Insiders sold more than 1.2 million shares worth $142.3 million during the quarter.

Atlatl Advisers LLC purchased a new position in shares of Everpure, Inc. (NYSE:P - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 42,170 shares of the company's stock, valued at approximately $5,515,000. Everpure comprises approximately 1.3% of Atlatl Advisers LLC's investment portfolio, making the stock its 21st largest holding.

Other large investors also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY bought a new stake in Everpure during the second quarter valued at $2,127,000. Nykredit A S bought a new position in shares of Everpure in the 2nd quarter worth about $9,412,000. Wellington Management Group LLP bought a new position in shares of Everpure in the 2nd quarter worth about $2,192,000. Sequoia Financial Advisors LLC acquired a new position in shares of Everpure in the 2nd quarter valued at about $814,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of Everpure in the 2nd quarter valued at about $25,525,000. Institutional investors own 83.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer reiterated an "outperform" rating and set a $140.00 price objective on shares of Everpure in a research note on Thursday, August 20th. TD Cowen upped their target price on Everpure from $100.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday, August 18th. Morgan Stanley increased their price target on Everpure from $119.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, September 24th. Bank of America raised Everpure from a "neutral" rating to a "buy" rating and raised their price target for the stock from $90.00 to $150.00 in a report on Thursday, August 27th. Finally, Wells Fargo & Company boosted their price objective on Everpure from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $143.25.

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the business's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the sale, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,235,091 shares of company stock worth $142,276,537 over the last quarter. 5.10% of the stock is owned by insiders.

Everpure Stock Performance

NYSE:P opened at $123.33 on Friday. The company has a market capitalization of $41.10 billion, a PE ratio of 149.63, a price-to-earnings-growth ratio of 4.04 and a beta of 1.39. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57. The stock has a fifty day simple moving average of $117.36.

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, beating analysts' consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business had revenue of $1.19 billion for the quarter. The company's revenue was up 37.7% compared to the same quarter last year. Equities analysts expect that Everpure, Inc. will post 0.95 EPS for the current fiscal year.

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.

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