Everpure, Inc. $P Stock Position Raised by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its Everpure stake by 373.2% in the third quarter, adding 50,738 shares to hold 64,335 shares valued at about $8.4 million. Institutional investors collectively own 83.42% of the company.
• Everpure reported quarterly revenue of $1.19 billion, up 37.7% year over year, and earnings per share of $0.70—$0.51 above analyst expectations.
• Analysts give the stock a consensus “Moderate Buy” rating and a $148.65 price target. Meanwhile, insiders sold more than 1.14 million shares worth about $134.6 million over the past 90 days.

ProShare Advisors LLC lifted its position in shares of Everpure, Inc. (NYSE:P - Free Report) by 373.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,335 shares of the company's stock after buying an additional 50,738 shares during the quarter. ProShare Advisors LLC's holdings in Everpure were worth $8,414,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of P. Family Legacy Financial Solutions LLC increased its stake 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 acquiring an additional 73 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Everpure by 1.1% in the 3rd 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 increased its stake in shares of Everpure by 49.0% in the 3rd 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 raised its holdings in shares of Everpure by 4.4% during the 3rd quarter. Brookstone Capital Management now owns 2,877 shares of the company's stock worth $376,000 after buying an additional 121 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Everpure by 4.4% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,976 shares of the company's stock worth $530,000 after buying an additional 166 shares in the last quarter. Institutional investors own 83.42% of the company's stock.

Everpure Stock Performance

P opened at $111.51 on Thursday. The business's fifty day simple moving average is $120.33. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57. The firm has a market capitalization of $37.16 billion, a P/E ratio of 145.25, a price-to-earnings-growth ratio of 3.93 and a beta of 1.43.

Everpure (NYSE:P - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping 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 company had revenue of $1.19 billion during the quarter. Everpure's revenue was up 37.7% compared to the same quarter last year. On average, analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on P shares. Wedbush reaffirmed an "outperform" rating and set a $130.00 target price on shares of Everpure in a research note on Thursday, September 24th. Oppenheimer reaffirmed an "outperform" rating and issued a $140.00 target price (up from $100.00) on shares of Everpure in a report on Thursday, August 20th. Weiss Ratings upgraded Everpure from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 14th. Needham & Company LLC lifted their price target on Everpure from $150.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Finally, Wall Street Zen cut Everpure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Everpure currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.65.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of the sale, the insider owned 6,474,080 shares in the company, valued at $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott Dietzen sold 60,000 shares of the business's stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $141.60, for a total transaction of $8,496,000.00. Following the transaction, the director owned 70,000 shares in the company, valued at approximately $9,912,000. This trade represents a 46.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,145,371 shares of company stock worth $134,591,122. Company insiders own 5.10% of the company's stock.

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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