Everpure, Inc. $P Shares Purchased by National Pension Service

National Pension Service increased its holdings in shares of Everpure, Inc. (NYSE:P) by 782.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 665,667 shares of the company’s stock after buying an additional 590,274 shares during the period. National Pension Service’s holdings in Everpure were worth $44,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Winnow Wealth LLC purchased a new position in Everpure in the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC purchased a new position in Everpure in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC lifted its stake in Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in Everpure in the 3rd quarter valued at about $28,000. Finally, Sunbelt Securities Inc. lifted its stake in Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Stock Performance

P opened at $79.31 on Monday. Everpure, Inc. has a 1-year low of $50.20 and a 1-year high of $100.59. The company has a market capitalization of $26.21 billion, a price-to-earnings ratio of 120.17, a price-to-earnings-growth ratio of 5.64 and a beta of 1.44.

Everpure (NYSE:P) last released its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same period last year, the company posted $0.29 EPS. The business’s revenue was up 35.2% on a year-over-year basis. Sell-side analysts forecast that Everpure, Inc. will post 0.73 EPS for the current fiscal year.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported Q1 earnings of $0.47 per share, ahead of the $0.40 consensus, with revenue of $1.05 billion also topping estimates and rising 35.2% year over year. Everpure (P) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said AI-led storage demand, enterprise wins, and subscription growth helped drive the quarter, reinforcing the growth story for Everpure’s data storage business. Everpure Q1 Earnings Beat on Strong AI-Led Storage Demand, Sales Jump Y/Y
• Positive Sentiment: Several analysts responded favorably after the report, including JPMorgan raising its price target to $92 and Needham reiterating a buy rating with a $100 target, suggesting Wall Street sees continued upside. Analyst rating updates
• Neutral Sentiment: The company’s full-year revenue guidance came in above expectations, but next-quarter revenue guidance disappointed, which helped explain the stock’s volatility after earnings. P Q1 Deep Dive: Supply Chain Dynamics and Pricing Power Shape Results and Guidance
• Negative Sentiment: Investors were also disappointed by weaker free cash flow and cautious near-term guidance, which triggered a sharp post-earnings pullback despite the beat. Everpure beats on revenue and earnings but free cash flow drop sends shares lower

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 534,265 shares of company stock valued at $41,321,234. Company insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

P has been the topic of a number of research reports. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Everpure in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday. Morgan Stanley raised their price target on shares of Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Citigroup lowered shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Thursday, May 14th. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.32.

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.