Fisher Asset Management LLC Grows Stock Holdings in Everpure, Inc. $P

Fisher Asset Management LLC increased its stake in shares of Everpure, Inc. (NYSE:P) by 320.4% in the 4th quarter, Holdings Channel reports. The firm owned 301,756 shares of the company’s stock after buying an additional 229,975 shares during the period. Fisher Asset Management LLC’s holdings in Everpure were worth $20,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Westfield Capital Management Co. LP increased 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 buying an additional 717,834 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Everpure by 96.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the company’s stock valued at $2,612,000 after buying an additional 15,286 shares during the last quarter. AlTi Global Inc. purchased a new stake in Everpure during the third quarter valued at approximately $2,517,000. ARK Investment Management LLC increased its holdings in Everpure by 12.6% during the third quarter. ARK Investment Management LLC now owns 347,093 shares of the company’s stock valued at $29,090,000 after buying an additional 38,768 shares during the last quarter. Finally, RBA Wealth Management LLC purchased a new stake in Everpure during the third quarter valued at approximately $5,964,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Everpure

In other Everpure 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 value of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at $569,305,240.53. This trade represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 534,265 shares of company stock valued at $41,321,234. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

P has been the subject of a number of research reports. Piper Sandler reaffirmed a “buy” rating on shares of Everpure in a report on Thursday, February 26th. Weiss Ratings initiated coverage on shares of Everpure in a report on Monday, April 20th. They set a “hold (c)” rating for the company. Wells Fargo & Company reduced their target price on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Barclays upped their target price on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, Northland Securities raised shares of Everpure from a “market perform” rating to an “outperform” rating and upped their target price for the company from $77.00 to $81.00 in a report on Monday, March 9th. Twelve 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.21.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported first-quarter EPS of $0.47, beating estimates of $0.40 and improving from $0.29 a year ago. Revenue also topped expectations at $1.05 billion, up 35.2% year over year. MarketBeat earnings report
• Positive Sentiment: The company said product revenue grew 55% year over year and increased its full-year fiscal 2027 revenue and operating profit outlook, which signals continued demand and growth momentum. PR Newswire results release
• Neutral Sentiment: Management also updated second-quarter and full-year guidance, but the provided EPS figures were incomplete in the feed; revenue guidance roughly matched expectations, limiting the upside from the outlook update.
• Negative Sentiment: Despite the beat, the stock sold off because investors focused on softer near-term guidance and the fact that the quarter’s strength may already have been priced in. Reports noted the stock dropped late after results and that next-quarter revenue guidance came in well below some market expectations. Yahoo Finance article

Everpure Price Performance

Shares of Everpure stock opened at $85.86 on Thursday. Everpure, Inc. has a 12 month low of $50.20 and a 12 month high of $100.59. The company has a market cap of $28.37 billion, a P/E ratio of 156.11, a PEG ratio of 6.50 and a beta of 1.44.

Everpure (NYSE:P) last released 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. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. During the same quarter last year, the business earned $0.29 earnings per share. Everpure’s quarterly revenue was up 35.2% compared to the same quarter last year. Research analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current 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.