Everpure, Inc. $P Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its holdings in shares of Everpure, Inc. (NYSE:P) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 1,975,473 shares of the company’s stock after selling 75,536 shares during the quarter. Legal & General Group Plc’s holdings in Everpure were worth $132,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new position in Everpure during the 4th quarter worth approximately $3,376,000. Swedbank AB grew its stake in Everpure by 63.3% during the 4th quarter. Swedbank AB now owns 252,732 shares of the company’s stock worth $16,936,000 after buying an additional 97,978 shares during the last quarter. Prospera Financial Services Inc grew its stake in Everpure by 4.6% during the 4th quarter. Prospera Financial Services Inc now owns 11,708 shares of the company’s stock worth $785,000 after buying an additional 511 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Everpure by 7.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,069 shares of the company’s stock worth $407,000 after buying an additional 406 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Everpure by 14.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,317 shares of the company’s stock worth $289,000 after buying an additional 531 shares during the last quarter. 83.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on P shares. Barclays raised their price target on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group raised their price target on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research note on Thursday. Weiss Ratings started coverage on Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating on the stock. Piper Sandler restated an “overweight” rating on shares of Everpure in a research note on Thursday. Finally, Morgan Stanley raised their price target on Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and an average target price of $96.32.

Key Stories Impacting Everpure

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

In other Everpure news, insider John Colgrove sold 200,000 shares of the company’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 transaction of $17,186,000.00. Following the completion of the sale, the insider directly owned 6,625,221 shares of the company’s stock, valued at $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 available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 534,265 shares of company stock worth $41,321,234. 5.10% of the stock is owned by corporate insiders.

Everpure Stock Down 14.6%

P 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 P/E/G ratio of 6.31 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 quarterly earnings data on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm 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 16.12% and a net margin of 5.75%.The firm’s revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. On average, equities research analysts expect that Everpure, Inc. will post 0.72 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.