Danske Bank A S Has $21.11 Million Stock Holdings in Everpure, Inc. $P

Key Points

• Danske Bank A/S increased its stake in Everpure by 5.4% in Q4 to 315,082 shares worth about $21.11 million, while institutional investors and hedge funds collectively own roughly 83.4% of the company.
• Insider John Colgrove sold 82,266 shares under a pre-arranged Rule 10b5-1 plan (a 55.14% drop in his holding), and insiders have sold 200,000 shares (~$14.05 million) in the last three months, leaving insiders with about 0.43% ownership.
• Everpure beat Q4 expectations (EPS $0.69 vs. $0.65; revenue +20.4% YoY), and analysts have a consensus rating of “Moderate Buy” with a $93.21 average price target amid mixed individual revisions.

Danske Bank A S grew its position in shares of Everpure, Inc. (NYSE:P - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 315,082 shares of the company's stock after purchasing an additional 16,271 shares during the quarter. Danske Bank A S owned approximately 0.10% of Everpure worth $21,114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Westfield Capital Management Co. LP boosted its position in Everpure by 69.4% during the third quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company's stock valued at $146,798,000 after purchasing an additional 717,834 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in Everpure by 96.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the company's stock valued at $2,612,000 after purchasing an additional 15,286 shares in the last quarter. AlTi Global Inc. acquired a new stake in Everpure in the third quarter worth about $2,517,000. Merit Financial Group LLC boosted its holdings in Everpure by 145.6% in the third quarter. Merit Financial Group LLC now owns 25,943 shares of the company's stock worth $2,174,000 after acquiring an additional 15,382 shares in the last quarter. Finally, ARK Investment Management LLC boosted its holdings in Everpure by 12.6% in the third quarter. ARK Investment Management LLC now owns 347,093 shares of the company's stock worth $29,090,000 after acquiring an additional 38,768 shares in the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

P has been the subject of several recent analyst reports. Citigroup lowered their price target on Everpure from $105.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, February 17th. Northland Securities raised Everpure from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $77.00 to $81.00 in a report on Monday, March 9th. Weiss Ratings initiated coverage on Everpure in a report on Monday, April 20th. They set a "hold (c)" rating for the company. Wells Fargo & Company decreased their target price on Everpure from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Finally, Wall Street Zen raised Everpure from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $93.21.

Insiders Place Their Bets

In related news, insider John Colgrove sold 82,266 shares of Everpure stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $70.50, for a total transaction of $5,799,753.00. Following the completion of the transaction, the insider directly owned 66,927 shares in the company, valued at approximately $4,718,353.50. This trade represents a 55.14% 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 200,000 shares of company stock worth $14,046,750 in the last three months. 0.43% of the stock is currently owned by company insiders.

Everpure Price Performance

Shares of P stock opened at $71.59 on Friday. The company has a market cap of $23.66 billion, a P/E ratio of 130.16, a P/E/G ratio of 5.35 and a beta of 1.44. Everpure, Inc. has a twelve month low of $46.31 and a twelve month high of $100.59.

Everpure (NYSE:P - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.Everpure's quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, equities analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current year.

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.

Want to see what other hedge funds are holding P? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everpure, Inc. (NYSE:P - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.