Tobam Has $1.40 Million Position in Everpure, Inc. $P

Tobam boosted its stake in shares of Everpure, Inc. (NYSE:P) by 66.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,882 shares of the company’s stock after purchasing an additional 8,363 shares during the quarter. Tobam’s holdings in Everpure were worth $1,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in P. Norges Bank acquired a new stake in shares of Everpure in the fourth quarter worth $265,327,000. Arrowstreet Capital Limited Partnership grew its stake in Everpure by 786.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after buying an additional 3,573,493 shares during the last quarter. Atreides Management LP bought a new position in Everpure in the 2nd quarter worth $204,552,000. Polar Capital Holdings Plc raised its holdings in Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after acquiring an additional 1,345,207 shares during the period. Finally, AQR Capital Management LLC lifted its position in Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after acquiring an additional 1,315,351 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Price Performance

P opened at $74.73 on Friday. The firm has a market capitalization of $24.84 billion, a P/E ratio of 113.23, a P/E/G ratio of 4.22 and a beta of 1.44. The business’s fifty day simple moving average is $76.90. Everpure, Inc. has a fifty-two week low of $50.87 and a fifty-two week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. On average, analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Zacks says Everpure has above-average growth characteristics and could outperform the market, supporting the case for growth-focused investors. 3 Reasons Why Growth Investors Shouldn’t Overlook Everpure (P)
• Positive Sentiment: Analysts and market commentary point to a hammer chart pattern and rising earnings estimate revisions, which could indicate Everpure is forming a near-term bottom after recent pressure. Everpure (P) May Find a Bottom Soon, Here’s Why You Should Buy the Stock Now
• Positive Sentiment: Forbes and other coverage emphasized Everpure’s data-stream and data-intelligence offerings, reinforcing the company’s AI/data positioning and long-term growth narrative. Everpure Data Stream And Data Intelligence To Optimize AI Data
• Neutral Sentiment: Additional coverage focused on management’s message that data should become a primary business asset and on Everpure’s AI data pivot, which supports the strategic story but does not provide a major new catalyst by itself. ‘Not abandoning what got us here’: Co-founder Coz on Everpure’s AI data pivot
• Neutral Sentiment: Articles on Everpure’s premium valuation note that the stock trades at a rich multiple, but also argue it may be justified by strong ROE, debt-free finances, and subscription momentum. Everpure Stock’s 26.83X P/E Beats Industry: Is It Worth the Premium?
• Negative Sentiment: Some coverage still points to supply-chain headwinds and a high valuation, which could limit upside if growth expectations cool. Everpure Stock’s 26.83X P/E Beats Industry: Is It Worth the Premium?

Insider Transactions at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the sale, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 644,545 shares of company stock valued at $49,302,220 over the last three months. Corporate insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

P has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Guggenheim lifted their price objective on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. UBS Group boosted their price objective on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research report on Thursday, May 28th. Citigroup downgraded Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th. Finally, Wedbush raised their target price on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and an average price target of $96.32.

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.