Everpure, Inc. $P Shares Sold by UNICOM Systems Inc.

UNICOM Systems Inc. trimmed its position in shares of Everpure, Inc. (NYSE:P – Free Report) by 70.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,311 shares of the company’s stock after selling 340,156 shares during the period. Everpure makes up about 1.3% of UNICOM Systems Inc.’s holdings, making the stock its 20th largest holding. UNICOM Systems Inc.’s holdings in Everpure were worth $18,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Paradigm Capital Management Inc. NY purchased a new stake in shares of Everpure in the 2nd quarter valued at $2,127,000. Nykredit A S acquired a new position in Everpure during the 2nd quarter worth about $9,412,000. Wellington Management Group LLP purchased a new position in Everpure during the 2nd quarter valued at about $2,192,000. Raiffeisen Bank International AG purchased a new position in Everpure during the 2nd quarter valued at about $25,525,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Everpure during the 2nd quarter valued at about $814,000. 83.42% of the stock is currently owned by hedge funds and other institutional investors.

Everpure Trading Up 1.1%

Shares of Everpure stock traded up $1.76 during trading hours on Tuesday, reaching $157.07. 3,372,169 shares of the company were exchanged, compared to its average volume of 3,804,841. The company has a market capitalization of $52.34 billion, a price-to-earnings ratio of 215.16, a PEG ratio of 5.15 and a beta of 1.39. Everpure, Inc. has a 1 year low of $56.78 and a 1 year high of $157.57. The firm has a fifty day moving average of $113.14.

Everpure (NYSE:P – Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The firm had revenue of $1.19 billion during the quarter. The company’s revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Everpure, Inc. will post 0.95 earnings per share for the current year.

Insider Buying and Selling

In other news, insider John Colgrove sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $115.96, for a total transaction of $11,596,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Brown sold 4,268 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $156.03, for a total transaction of $665,936.04. Following the sale, the director owned 23,415 shares in the company, valued at $3,653,442.45. The trade was a 15.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 956,824 shares of company stock worth $101,071,768 over the last ninety days. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on P. Needham & Company LLC lifted their target price on Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Weiss Ratings raised shares of Everpure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Susquehanna reissued a “positive” rating and issued a $145.00 price objective on shares of Everpure in a research note on Thursday, August 27th. TD Cowen raised their price objective on shares of Everpure from $100.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Everpure in a report on Monday. Seventeen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.25.

Read Our Latest Analysis on P

More Everpure News

Here are the key news stories impacting Everpure this week:

  • Positive Sentiment: Everpure could nearly double its profit as growth continues, offering a potential fundamental justification for the stock’s recent strength. The company’s latest quarterly revenue increased 37.7% year over year, while EPS substantially exceeded analysts’ expectations. Everpure Could Almost Double Its Profit, But Valuation Remains High
  • Neutral Sentiment: Broader investor enthusiasm for AI infrastructure and data-center spending could support high-growth technology stocks, including Everpure, but the referenced article does not provide a specific new company announcement or estimate. 3 AI Infrastructure Stocks With Real Revenue Tied To Data Center Spending
  • Negative Sentiment: Valuation remains a major concern: Everpure trades at roughly 215 times earnings and a PEG ratio above 5, leaving the stock vulnerable to a pullback if growth slows or expectations are missed. Everpure Could Almost Double Its Profit, But Valuation Remains High
  • Negative Sentiment: Insiders disclosed additional selling. Director Andrew Brown sold 4,268 shares, reducing his position by 15.42%, while Chief Accounting Officer Mona Chu sold 5,112 shares. A separate report also cited 11,942 shares sold under a trading plan. These transactions may weigh on sentiment, although planned sales do not necessarily signal deteriorating business conditions. Everpure Director Sells Shares Under Trading Plan

Everpure Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Everpure (NYSE:P)

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