Everpure, Inc. $P Stock: Calamos Advisors LLC Grows Position

Key Points

• Calamos Advisors increased its Everpure stake by 180.8% in the third quarter, to 26,868 shares worth about $3.5 million. Other institutional investors also built positions, and institutions collectively own 83.42% of the company.
• Everpure reported quarterly EPS of $0.70, beating the $0.19 consensus, while revenue rose 37.7% year over year to $1.19 billion.
• Insiders sold 910,186 shares worth about $112 million over the past three months. Analysts have a “Moderate Buy” consensus rating and an average price target of $148.65.

Calamos Advisors LLC boosted its position in shares of Everpure, Inc. (NYSE:P - Free Report) by 180.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,868 shares of the company's stock after buying an additional 17,299 shares during the period. Calamos Advisors LLC's holdings in Everpure were worth $3,514,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Everpure by 504.0% in the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company's stock valued at $130,003,000 after acquiring an additional 829,476 shares during the period. JANA Partners Management LP acquired a new position in shares of Everpure in the 2nd quarter valued at $77,939,000. Artemis Investment Management LLP increased its holdings in shares of Everpure by 100.1% in the 3rd quarter. Artemis Investment Management LLP now owns 775,776 shares of the company's stock valued at $101,456,000 after acquiring an additional 388,066 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Everpure in the 2nd quarter valued at $25,525,000. Finally, Engineers Gate Manager LP purchased a new stake in Everpure in the 2nd quarter valued at $25,859,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Insider Activity at Everpure

In other Everpure news, insider John Colgrove sold 100,000 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $117.21, for a total transaction of $11,721,000.00. Following the completion of the transaction, the insider owned 6,074,080 shares in the company, valued at approximately $711,942,916.80. This represents a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 42,930 shares of the firm's stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the completion of the sale, the insider owned 288,362 shares of the company's stock, valued at $35,805,909.54. This trade represents a 12.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 910,186 shares of company stock worth $112,028,120 in the last three months. Insiders own 5.10% of the company's stock.

Everpure Stock Up 0.2%

Shares of P stock opened at $96.93 on Monday. The company has a 50 day moving average of $119.98. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $157.57. The stock has a market cap of $32.30 billion, a P/E ratio of 132.78, a P/E/G ratio of 3.23 and a beta of 1.43.

Everpure (NYSE:P - Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The business had revenue of $1.19 billion for the quarter. Everpure's quarterly revenue was up 37.7% compared to the same quarter last year. Research analysts expect that Everpure, Inc. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

P has been the subject of a number of recent research reports. Guggenheim increased their price target on shares of Everpure from $150.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, October 12th. TD Cowen raised their price objective on shares of Everpure from $100.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Susquehanna lifted their price objective on shares of Everpure from $145.00 to $175.00 and gave the company a "positive" rating in a research note on Friday, September 25th. Lake Street Capital lifted their price objective on shares of Everpure from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Finally, Piper Sandler upped their target price on shares of Everpure from $133.00 to $162.00 and gave the company an "overweight" rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $148.65.

Everpure Profile

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads.

The company's portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.

Founded as Pure Storage in 2009, the company serves customers internationally.

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