Everpure, Inc. $P Stock Bought by Asset Management One Co. Ltd.

Key Points

• Asset Management One increased its Everpure position by 14.7% in the third quarter, bringing its holdings to 139,048 shares valued at $18.2 million. Institutional investors and hedge funds collectively own 83.42% of the company.
• Insider John Colgrove sold 200,000 shares for approximately $19.4 million under a Rule 10b5-1 trading plan; insiders sold more than 1.2 million shares worth $142.3 million during the quarter.
• Everpure reported quarterly revenue of $1.19 billion, up 37.7% year over year, and EPS of $0.70 versus analysts’ $0.19 estimate. Analysts maintain a consensus “Moderate Buy” rating with a $143.25 price target, while the stock traded at $137.13 and a high P/E ratio of 171.11.

Asset Management One Co. Ltd. raised its position in Everpure, Inc. (NYSE:P - Free Report) by 14.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 139,048 shares of the company's stock after acquiring an additional 17,798 shares during the period. Asset Management One Co. Ltd.'s holdings in Everpure were worth $18,185,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC grew its holdings in shares of Everpure by 3.6% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company's stock valued at $276,000 after acquiring an additional 73 shares in the last quarter. IFP Advisors Inc boosted its position in Everpure by 1.1% during the third quarter. IFP Advisors Inc now owns 10,449 shares of the company's stock valued at $1,367,000 after purchasing an additional 115 shares during the last quarter. Fortitude Family Office LLC boosted its position in Everpure by 49.0% during the third quarter. Fortitude Family Office LLC now owns 362 shares of the company's stock valued at $47,000 after purchasing an additional 119 shares during the last quarter. Brookstone Capital Management boosted its position in Everpure by 4.4% during the third quarter. Brookstone Capital Management now owns 2,877 shares of the company's stock valued at $376,000 after purchasing an additional 121 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake in Everpure by 4.4% in the third quarter. Diversify Advisory Services LLC now owns 3,976 shares of the company's stock valued at $530,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Insider Activity

In related news, 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 owned 6,474,080 shares of the company's stock, valued at $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,235,091 shares of company stock worth $142,276,537. Corporate insiders own 5.10% of the company's stock.

Everpure Price Performance

P opened at $137.13 on Friday. The firm has a fifty day moving average price of $119.36. The company has a market cap of $45.70 billion, a P/E ratio of 171.11, a PEG ratio of 4.62 and a beta of 1.39. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57.

Everpure (NYSE:P - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 business's revenue was up 37.7% compared to the same quarter last year. On average, sell-side analysts predict that Everpure, Inc. will post 0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on P shares. Zacks Research upgraded Everpure from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. Evercore reissued an "outperform" rating and issued a $145.00 target price on shares of Everpure in a research note on Thursday, September 24th. Barclays boosted their target price on shares of Everpure from $110.00 to $132.00 and gave the stock an "equal weight" rating in a report on Friday, September 25th. Citigroup upped their price target on shares of Everpure from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Everpure in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Everpure presently has an average rating of "Moderate Buy" and a consensus price target of $143.25.

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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