Intech Investment Management LLC Boosts Stock Position in Everpure, Inc. $P

Intech Investment Management LLC raised its position in shares of Everpure, Inc. (NYSE:P) by 685.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 325,907 shares of the company’s stock after purchasing an additional 284,402 shares during the quarter. Intech Investment Management LLC’s holdings in Everpure were worth $21,839,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP grew its holdings in Everpure by 69.4% during the third quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock worth $146,798,000 after acquiring an additional 717,834 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Everpure by 96.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the company’s stock worth $2,612,000 after acquiring an additional 15,286 shares during the period. AlTi Global Inc. acquired a new stake in Everpure during the third quarter worth about $2,517,000. ARK Investment Management LLC grew its holdings in Everpure by 12.6% during the third quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock worth $29,090,000 after acquiring an additional 38,768 shares during the period. Finally, RBA Wealth Management LLC acquired a new stake in Everpure during the third quarter worth about $5,964,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on P shares. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a report on Thursday. Weiss Ratings assumed coverage on Everpure in a report on Monday, April 20th. They set a “hold (c)” rating on the stock. Morgan Stanley increased their price target on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday. Northland Securities set a $90.00 price target on Everpure in a research report on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Everpure in a research report on Thursday. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure beat Q1 expectations, reporting EPS of $0.47 versus $0.40 expected and revenue of $1.05 billion versus $997.9 million expected, with sales up 35.2% year over year. The company also highlighted strong AI infrastructure demand, enterprise wins, and subscription growth. Article title
• Positive Sentiment: Management raised full-year revenue guidance to $4.4 billion-$4.5 billion, which came in above consensus and signals confidence in demand trends. Article title
• Positive Sentiment: Several analysts turned more constructive after the report: JPMorgan raised its price target to $92 with an overweight rating, while Needham reiterated buy with a $100 target. Article title
• Neutral Sentiment: Everpure’s next-quarter revenue guidance was less impressive than investors wanted, with commentary indicating it could fall well short of market expectations. That softer outlook likely outweighed the strong headline beat. Article title
• Negative Sentiment: Some coverage said the stock sold off because free cash flow dropped and the market remained cautious about profitability quality despite the earnings beat. Article title

Insider Buying and Selling at Everpure

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

Everpure Trading Down 14.6%

Shares of P stock opened at $73.18 on Friday. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 110.88, a price-to-earnings-growth ratio of 6.31 and a beta of 1.44. Everpure, Inc. has a 12-month low of $50.20 and a 12-month high of $100.59.

Everpure (NYSE:P) last announced its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a return on equity of 16.12% and a net margin of 5.75%.The business’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, research analysts predict that Everpure, Inc. will post 0.72 EPS for the current year.

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.