Allstate Corp Grows Stock Holdings in Everpure, Inc. $P

Allstate Corp increased its stake in shares of Everpure, Inc. (NYSE:P) by 108.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,968 shares of the company’s stock after buying an additional 12,492 shares during the quarter. Allstate Corp’s holdings in Everpure were worth $1,606,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in Everpure by 320.4% in the fourth quarter. Fisher Asset Management LLC now owns 301,756 shares of the company’s stock valued at $20,221,000 after purchasing an additional 229,975 shares during the period. Clearstead Advisors LLC lifted its position in shares of Everpure by 29.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the company’s stock valued at $83,000 after acquiring an additional 284 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Everpure during the 4th quarter valued at approximately $3,376,000. Swedbank AB lifted its position in shares of Everpure by 63.3% during the 4th quarter. Swedbank AB now owns 252,732 shares of the company’s stock valued at $16,936,000 after acquiring an additional 97,978 shares during the period. Finally, Prospera Financial Services Inc lifted its position in shares of Everpure by 4.6% during the 4th quarter. Prospera Financial Services Inc now owns 11,708 shares of the company’s stock valued at $785,000 after acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Price Performance

Shares of NYSE P opened at $79.31 on Friday. The firm has a market cap of $26.21 billion, a PE ratio of 120.17, a P/E/G ratio of 5.38 and a beta of 1.44. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59.

Everpure (NYSE:P) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts expect that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on P shares. Wall Street Zen upgraded shares of Everpure from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group lifted their price objective on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research report on Thursday. Lake Street Capital lifted their price objective on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Guggenheim lifted their price objective on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Everpure currently has a consensus rating of “Moderate Buy” and an average price target of $96.32.

Key Stories 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

Insider Buying and Selling at Everpure

In related news, insider John Colgrove sold 200,000 shares of Everpure stock in a transaction on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the transaction, the insider owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 534,265 shares of company stock worth $41,321,234. Insiders own 5.10% of the company’s stock.

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.