Everpure, Inc. $P Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP grew its holdings in Everpure, Inc. (NYSE:P) by 158.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415,037 shares of the company’s stock after buying an additional 254,211 shares during the quarter. Engineers Gate Manager LP’s holdings in Everpure were worth $27,812,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of P. Norges Bank acquired a new stake in shares of Everpure in the 4th quarter valued at approximately $265,327,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 period. Atreides Management LP acquired a new stake in shares of Everpure in the 2nd quarter valued at approximately $204,552,000. Polar Capital Holdings Plc lifted its holdings in shares of Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock valued at $237,278,000 after buying an additional 1,345,207 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Everpure by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock valued at $228,820,000 after buying an additional 1,315,351 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Down 0.9%

NYSE P opened at $72.62 on Thursday. Everpure, Inc. has a 1-year low of $50.87 and a 1-year high of $100.59. The company has a market capitalization of $24.14 billion, a P/E ratio of 110.03, a PEG ratio of 4.15 and a beta of 1.44.

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

Key Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure announced Data Stream, a new offering designed to bring AI capabilities directly to enterprise data and help customers make data AI-ready for natural language search and unstructured-data analysis. Article Title
• Positive Sentiment: The company also unveiled a Data-Primacy architecture and Everpure Data Intelligence, emphasizing governance, discovery, and context at the source to support enterprise AI adoption. Article Title
• Positive Sentiment: Everpure expanded its strategic alliance with Veeam to deliver Enterprise Data Cloud, Kubernetes integrations, and cyber-resilience services at enterprise scale, reinforcing its ecosystem and go-to-market strategy. Article Title
• Neutral Sentiment: Several analyst-style and commentary pieces highlighted Everpure’s shift toward a “data primacy” strategy and the end of the app-centric era, but these are mostly narrative support rather than new financial results. Article Title
• Neutral Sentiment: Everpure was also featured in a value-stock comparison against V2X, which is more of a relative valuation discussion than a company-specific catalyst. Article Title

Analyst Ratings Changes

Several analysts have recently commented on P shares. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Everpure in a report on Thursday, May 28th. UBS Group raised their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Wedbush raised their price objective on Everpure from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Lake Street Capital raised their price objective on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.32.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 644,545 shares of company stock worth $49,302,220 over the last ninety days. Company insiders own 5.10% of the company’s stock.

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.