Kornitzer Capital Management Inc. KS Sells 8,525 Shares of Everpure, Inc. $P

Kornitzer Capital Management Inc. KS lessened its holdings in Everpure, Inc. (NYSE:P – Free Report) by 31.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,000 shares of the company’s stock after selling 8,525 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Everpure were worth $2,485,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC purchased a new stake in shares of Everpure during the second quarter worth $29,000. Fortitude Family Office LLC boosted its holdings in Everpure by 49.0% in 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 period. Provenance Wealth Advisors LLC purchased a new position in Everpure in the third quarter valued at $47,000. Reyes Financial Architecture Inc. acquired a new position in Everpure during the 3rd quarter worth $48,000. Finally, Root Financial Partners LLC acquired a new position in Everpure during the 3rd quarter worth $61,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Trading Up 6.2%

Everpure stock opened at $102.73 on Tuesday. The stock has a market cap of $34.23 billion, a PE ratio of 140.73, a P/E/G ratio of 3.73 and a beta of 1.43. The stock’s fifty day moving average price is $120.17. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $157.57.

Everpure (NYSE:P – Get Free Report) last posted its 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. The firm had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. Everpure’s revenue was up 37.7% compared to the same quarter last year. On average, sell-side analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current year.

Insider Activity at Everpure

In other news, Director Scott Dietzen sold 60,000 shares of the company’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 completion of the transaction, the director directly owned 70,000 shares of the company’s stock, valued at approximately $9,912,000. This represents a 46.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ajay Singh sold 18,267 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total value of $2,835,769.08. Following the completion of the transaction, the insider owned 270,095 shares in the company, valued at approximately $41,929,547.80. The trade was a 6.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 810,186 shares of company stock worth $101,589,120 over the last three months. Company insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on P. Bank of America upped their price target on Everpure from $150.00 to $180.00 in a report on Thursday, September 24th. Guggenheim lifted their price objective on Everpure from $150.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Wall Street Zen cut Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Wells Fargo & Company boosted their price objective on Everpure from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, September 24th. Finally, TD Cowen upped their target price on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.65.

View Our Latest Stock Report on P

About Everpure

(Free Report)

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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