Diversified Trust Co Purchases 15,486 Shares of Everpure, Inc. $P

Diversified Trust Co lifted its position in Everpure, Inc. (NYSE:P) by 65.4% in the first quarter, HoldingsChannel.com reports. The firm owned 39,147 shares of the company’s stock after purchasing an additional 15,486 shares during the quarter. Diversified Trust Co’s holdings in Everpure were worth $2,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Westfield Capital Management Co. LP raised 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 valued at $146,798,000 after acquiring an additional 717,834 shares during the period. ARK Investment Management LLC boosted its stake in shares of Everpure by 12.6% in 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. Victory Capital Management Inc. boosted its stake in shares of Everpure by 2.0% in the third quarter. Victory Capital Management Inc. now owns 2,572,719 shares of the company’s stock worth $202,563,000 after acquiring an additional 50,566 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Everpure by 12.9% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 307,221 shares of the company’s stock worth $25,748,000 after acquiring an additional 35,182 shares during the period. Finally, Erste Asset Management GmbH grew its position in shares of Everpure by 38.9% during the third quarter. Erste Asset Management GmbH now owns 482,800 shares of the company’s stock worth $40,029,000 after purchasing an additional 135,300 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Zacks says Everpure has above-average growth characteristics and could outperform the market, supporting the case for growth-focused investors. 3 Reasons Why Growth Investors Shouldn’t Overlook Everpure (P)
• Positive Sentiment: Analysts and market commentary point to a hammer chart pattern and rising earnings estimate revisions, which could indicate Everpure is forming a near-term bottom after recent pressure. Everpure (P) May Find a Bottom Soon, Here’s Why You Should Buy the Stock Now
• Positive Sentiment: Forbes and other coverage emphasized Everpure’s data-stream and data-intelligence offerings, reinforcing the company’s AI/data positioning and long-term growth narrative. Everpure Data Stream And Data Intelligence To Optimize AI Data
• Neutral Sentiment: Additional coverage focused on management’s message that data should become a primary business asset and on Everpure’s AI data pivot, which supports the strategic story but does not provide a major new catalyst by itself. ‘Not abandoning what got us here’: Co-founder Coz on Everpure’s AI data pivot
• Neutral Sentiment: Articles on Everpure’s premium valuation note that the stock trades at a rich multiple, but also argue it may be justified by strong ROE, debt-free finances, and subscription momentum. Everpure Stock’s 26.83X P/E Beats Industry: Is It Worth the Premium?
• Negative Sentiment: Some coverage still points to supply-chain headwinds and a high valuation, which could limit upside if growth expectations cool. Everpure Stock’s 26.83X P/E Beats Industry: Is It Worth the Premium?

Insider Transactions at Everpure

In other news, insider John Colgrove sold 99,900 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the sale, the insider directly owned 2,615,000 shares of the company’s stock, valued at $185,769,600. This represents a 3.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 644,545 shares of company stock valued at $49,302,220. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Lake Street Capital lifted their target price on Everpure from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded Everpure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Weiss Ratings started coverage on shares of Everpure in a report on Monday, April 20th. They set a “hold (c)” rating for the company. UBS Group lifted their price objective on shares of Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research report on Thursday, May 28th. Finally, Northland Securities set a $90.00 price objective on shares of Everpure in a research report on Thursday, May 28th. Thirteen 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. According to MarketBeat, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $96.32.

Everpure Trading Up 0.2%

Shares of Everpure stock opened at $74.73 on Monday. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 113.23, a price-to-earnings-growth ratio of 4.22 and a beta of 1.44. The firm’s 50-day moving average price is $76.90. Everpure, Inc. has a twelve month low of $50.87 and a twelve month high of $100.59.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue was up 35.2% compared to the same quarter last year. Sell-side analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current fiscal year.

About Everpure

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.