Everpure, Inc. $P Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Everpure stake by 28.2% in the third quarter, purchasing 12,694 additional shares for a total holding of 57,652 shares valued at approximately $7.54 million. Institutional investors and hedge funds collectively own 83.42% of the stock.
• Everpure reported quarterly EPS of $0.70, surpassing the $0.19 consensus estimate, while revenue reached $1.19 billion—up 37.7% year over year. Shares opened at $130.99, with a 52-week range of $56.78 to $157.57.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $143.25. However, insiders sold more than 1.2 million shares worth $142.3 million over the past 90 days.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Everpure, Inc. (NYSE:P - Free Report) by 28.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,652 shares of the company's stock after purchasing an additional 12,694 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Everpure were worth $7,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Family Legacy Financial Solutions LLC boosted its position in Everpure by 3.6% in the third quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company's stock valued at $276,000 after buying an additional 73 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Everpure by 1.1% during the third quarter. IFP Advisors Inc now owns 10,449 shares of the company's stock worth $1,367,000 after buying an additional 115 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of Everpure by 49.0% during the third quarter. Fortitude Family Office LLC now owns 362 shares of the company's stock worth $47,000 after buying an additional 119 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Everpure by 5.0% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,698 shares of the company's stock worth $614,000 after buying an additional 224 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of Everpure by 7.2% during the third quarter. Frank Rimerman Advisors LLC now owns 3,817 shares of the company's stock worth $499,000 after buying an additional 257 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Stock Performance

Shares of NYSE P opened at $130.99 on Thursday. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $157.57. The company has a 50 day simple moving average of $117.19. The firm has a market cap of $43.65 billion, a PE ratio of 156.20, a P/E/G ratio of 4.22 and a beta of 1.39.

Everpure (NYSE:P - Get Free Report) last released its quarterly 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. 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 firm's quarterly revenue was up 37.7% compared to the same quarter last year. On average, analysts expect that Everpure, Inc. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on P shares. Guggenheim increased their price target on Everpure from $150.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, October 12th. Barclays boosted their price objective on Everpure from $110.00 to $132.00 and gave the stock an "equal weight" rating in a research report on Friday, September 25th. Cantor Fitzgerald restated a "neutral" rating on shares of Everpure in a research report on Monday, October 12th. DA Davidson set a $100.00 target price on Everpure in a report on Wednesday, July 1st. Finally, Susquehanna reaffirmed a "positive" rating and issued a $145.00 target price on shares of Everpure in a report on Thursday, August 27th. One equities research 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. According to MarketBeat, Everpure currently has a consensus rating of "Moderate Buy" and an average target price of $143.25.

Insiders Place Their Bets

In other Everpure news, CAO Mona Chu sold 5,112 shares of Everpure stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $151.40, for a total transaction of $773,956.80. Following the transaction, the chief accounting officer directly owned 125,982 shares of the company's stock, valued at approximately $19,073,674.80. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Colgrove sold 100,000 shares of the company's stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $145.00, for a total value of $14,500,000.00. Following the completion of the sale, the insider owned 5,393,309 shares in the company, valued at $782,029,805. This trade represents a 1.82% 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. Insiders sold a total of 1,235,091 shares of company stock valued at $142,276,537 over the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

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.

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