ClearAlpha Technologies LP purchased a new position in Everpure, Inc. (NYSE:P – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 14,491 shares of the company’s stock, valued at approximately $971,000. Everpure comprises approximately 2.8% of ClearAlpha Technologies LP’s holdings, making the stock its 7th largest holding.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its holdings in Everpure by 69.4% in the third quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the company’s stock worth $146,798,000 after acquiring an additional 717,834 shares in the last quarter. ARK Investment Management LLC boosted its holdings in 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in 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 in the last quarter. Finally, Erste Asset Management GmbH boosted its holdings in Everpure by 38.9% in the third quarter. Erste Asset Management GmbH now owns 482,800 shares of the company’s stock worth $40,029,000 after acquiring an additional 135,300 shares in the last quarter. Institutional investors own 83.42% of the company’s stock.
Analyst Ratings Changes
P has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Everpure in a report on Thursday, May 28th. Guggenheim increased their price target on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. William Blair restated an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Barclays raised their target price on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, Citigroup lowered Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.32.
Everpure News Summary
Here are the key news stories impacting Everpure this week:
- Positive Sentiment: Everpure announced Data Stream, a new offering designed to bring AI capabilities directly to enterprise data and help customers make data AI-ready for natural language search and unstructured-data analysis. Article Title
- Positive Sentiment: The company also unveiled a Data-Primacy architecture and Everpure Data Intelligence, emphasizing governance, discovery, and context at the source to support enterprise AI adoption. Article Title
- Positive Sentiment: Everpure expanded its strategic alliance with Veeam to deliver Enterprise Data Cloud, Kubernetes integrations, and cyber-resilience services at enterprise scale, reinforcing its ecosystem and go-to-market strategy. Article Title
- Neutral Sentiment: Several analyst-style and commentary pieces highlighted Everpure’s shift toward a “data primacy” strategy and the end of the app-centric era, but these are mostly narrative support rather than new financial results. Article Title
- Neutral Sentiment: Everpure was also featured in a value-stock comparison against V2X, which is more of a relative valuation discussion than a company-specific catalyst. Article Title
Everpure Stock Performance
P stock opened at $72.62 on Thursday. Everpure, Inc. has a 1-year low of $50.87 and a 1-year high of $100.59. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 110.03, a price-to-earnings-growth ratio of 4.15 and a beta of 1.44.
Everpure (NYSE:P – Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 35.2% on a year-over-year basis. As a group, research analysts predict that Everpure, Inc. will post 0.92 earnings per share for the current year.
Insiders Place Their Bets
In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the transaction, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 644,545 shares of company stock valued at $49,302,220 over the last 90 days. 5.10% of the stock is currently owned by insiders.
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.
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