Bleakley Financial Group LLC Buys Shares of 11,117 Everpure, Inc. $P

Bleakley Financial Group LLC bought a new stake in shares of Everpure, Inc. (NYSE:P) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,117 shares of the company’s stock, valued at approximately $745,000.

Several other large investors have also modified their holdings of P. Integrated Wealth Concepts LLC bought a new stake in shares of Everpure during the first quarter valued at approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Everpure by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after buying an additional 4,926 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Everpure by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after buying an additional 595,307 shares in the last quarter. Empowered Funds LLC raised its stake in Everpure by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after buying an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock worth $184,000 after buying an additional 2,316 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Everpure in a research note on Thursday. William Blair reissued an “outperform” rating on shares of Everpure in a report on Thursday. Piper Sandler reissued an “overweight” rating on shares of Everpure in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Guggenheim boosted their price objective on shares of Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

Everpure Price Performance

P opened at $79.31 on Friday. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59. The stock has a market cap of $26.21 billion, a P/E ratio of 120.17, a P/E/G ratio of 5.38 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. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $997.88 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, sell-side analysts expect that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 534,265 shares of company stock valued at $41,321,234. 5.10% of the stock is currently owned by corporate insiders.

Everpure News Summary

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

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.