159,241 Shares in Everpure, Inc. $P Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Everpure, Inc. (NYSE:P) during the second quarter, HoldingsChannel reports. The institutional investor bought 159,241 shares of the company’s stock, valued at approximately $12,547,000.

Other large investors have also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY purchased a new position in Everpure during the second quarter worth $2,127,000. Summit Creek Advisors LLC purchased a new stake in shares of Everpure in the second quarter valued at $5,671,000. S&CO Inc. acquired a new stake in shares of Everpure during the second quarter valued at $15,003,000. Bigelow Investment Advisors LLC acquired a new stake in shares of Everpure during the first quarter valued at $231,000. Finally, Janney Montgomery Scott LLC increased its position in Everpure by 46.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 28,138 shares of the company’s stock worth $1,661,000 after purchasing an additional 8,861 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Insider Transactions at Everpure

In other Everpure news, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the sale, the insider directly owned 340,939 shares in the company, valued at $26,634,154.68. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andrew William Fraser Brown sold 4,735 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $72.57, for a total value of $343,618.95. Following the completion of the transaction, the director owned 27,683 shares in the company, valued at approximately $2,008,955.31. This trade represents a 14.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 827,800 shares of company stock worth $78,153,882 in the last three months. 5.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on P shares. Wedbush boosted their target price on shares of Everpure from $127.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Lake Street Capital reaffirmed a “buy” rating and set a $120.00 price target on shares of Everpure in a research note on Thursday. Susquehanna reiterated a “positive” rating and set a $145.00 price target on shares of Everpure in a report on Thursday. Guggenheim reissued a “buy” rating and set a $150.00 price objective on shares of Everpure in a research note on Thursday. Finally, Morgan Stanley raised their target price on shares of Everpure from $108.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.10.

Everpure Stock Up 0.2%

Shares of P stock opened at $93.57 on Monday. The firm has a market capitalization of $31.10 billion, a price-to-earnings ratio of 128.18, a price-to-earnings-growth ratio of 3.85 and a beta of 1.45. Everpure, Inc. has a one year low of $56.78 and a one year high of $119.10. The stock’s 50 day moving average is $85.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s revenue was up 37.7% on a year-over-year basis. Sell-side analysts anticipate that Everpure, Inc. will post 0.93 earnings per share for the current fiscal year.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure delivered a substantial second-quarter beat: revenue rose 37.7% year over year to approximately $1.19 billion, while non-GAAP earnings reached $0.70 per share, exceeding consensus estimates. The company also issued stronger-than-expected fiscal 2027 revenue guidance, reflecting improved visibility and confidence in converting its sales pipeline. P Q2 Deep Dive
• Positive Sentiment: Growth catalysts include a second design win with a top-five hyperscaler, accelerating Evergreen//One Storage-as-a-Service adoption, enterprise share gains and rising demand from AI data centers seeking better power and rack efficiency. Management said market-share momentum is exceeding reported revenue growth. Hyperscaler win
• Positive Sentiment: Analyst sentiment improved sharply. Bank of America upgraded Everpure to Buy and lifted its price target to $150 from $90, while JPMorgan, Northland, Morgan Stanley, Needham, Wedbush and Guggenheim also raised targets or maintained bullish ratings. BofA cited hyperscaler-related metrics behind its reversal. BofA upgrade
• Neutral Sentiment: Everpure raised fiscal 2027 revenue guidance to roughly $5.03 billion-$5.07 billion, with operating income expected to grow about 50%. The outlook supports the long-term growth case, but the stock’s recent rally has increased expectations and reduced room for execution disappointments. Everpure guidance and hyperscaler outlook
• Negative Sentiment: Despite the earnings beat, investors remain concerned about higher component costs, operating margins and free cash flow. At a valuation above 128 times earnings, some analysts argue Everpure could still be approximately 30% below fair value even after the guidance increase, suggesting the market is already pricing in significant AI and hyperscaler success. Everpure fair value analysis

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.