B. Metzler seel. Sohn & Co. AG Purchases New Shares in Everpure, Inc. $P

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 23,397 shares of Everpure, valued at approximately $1.84 million. Institutional investors collectively own 83.42% of the company.
• Everpure reported quarterly EPS of $0.70, beating estimates by $0.51, while revenue rose 37.7% year over year to $1.19 billion.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $129.10 versus the stock’s $99.50 opening price; however, insiders sold 817,520 shares in the last quarter.

B. Metzler seel. Sohn & Co. AG acquired a new stake in Everpure, Inc. (NYSE:P - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,397 shares of the company's stock, valued at approximately $1,843,000.

A number of other large investors have also modified their holdings of P. Integrated Wealth Concepts LLC purchased a new stake in Everpure in the 1st quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Everpure by 129.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company's stock valued at $387,000 after buying an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Everpure by 109.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company's stock worth $50,377,000 after buying an additional 595,307 shares during the last quarter. Empowered Funds LLC boosted its holdings in Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company's stock worth $212,000 after buying an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Everpure by 261.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company's stock worth $184,000 after buying an additional 2,316 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Everpure Stock Performance

Shares of Everpure stock opened at $99.50 on Friday. Everpure, Inc. has a one year low of $56.78 and a one year high of $119.10. The stock has a market capitalization of $33.07 billion, a P/E ratio of 136.30, a price-to-earnings-growth ratio of 4.00 and a beta of 1.43. The stock's 50 day moving average is $87.86.

Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.19 billion during the quarter. The business's quarterly revenue was up 37.7% on a year-over-year basis. Equities analysts predict that Everpure, Inc. will post 0.96 EPS for the current fiscal year.

Analyst Ratings Changes

P has been the topic of several research reports. Zacks Research downgraded Everpure from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Evercore reiterated an "outperform" rating and set a $130.00 price target on shares of Everpure in a research report on Monday, August 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Everpure in a research note on Friday, July 17th. Oppenheimer reaffirmed an "outperform" rating and set a $140.00 target price on shares of Everpure in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Everpure from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Everpure currently has an average rating of "Moderate Buy" and an average price target of $129.10.

Insider Activity

In related news, Director Susan J.S. Taylor sold 8,543 shares of the company's stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the sale, the director owned 94,608 shares of the company's stock, valued at approximately $7,733,257.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ajay Singh sold 9,787 shares of the firm's stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the sale, the insider owned 340,939 shares of the company's stock, valued at approximately $26,634,154.68. The trade was a 2.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 817,520 shares of company stock valued at $77,276,792. 5.10% of the stock is currently owned by insiders.

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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