11,559 Everpure, Inc. $P Shares Purchased by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA increased its Everpure stake by 5%, purchasing 11,559 shares to hold 242,400 shares worth approximately $31.7 million. Institutional investors collectively own 83.42% of the company.
• Insiders have been selling shares, including John Colgrove’s 100,000-share sale valued at $14.5 million under a Rule 10b5-1 plan. Insiders have sold 1.24 million shares worth roughly $142.3 million over the past 90 days.
• Analysts remain broadly positive, with 18 Buy ratings and a “Moderate Buy” consensus, while Everpure’s latest results beat expectations and revenue rose 37.7% year over year. However, the stock’s high valuation—approximately 170 times earnings and a PEG ratio above 4—leaves it vulnerable if growth slows.

Banque Pictet & Cie SA lifted its stake in Everpure, Inc. (NYSE:P - Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 242,400 shares of the company's stock after purchasing an additional 11,559 shares during the quarter. Banque Pictet & Cie SA owned about 0.07% of Everpure worth $31,701,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC boosted its position in shares of Everpure by 49.0% during the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company's stock worth $47,000 after purchasing an additional 119 shares during the period. Continuum Advisory LLC purchased a new stake in Everpure during the 2nd quarter worth about $29,000. Reflection Asset Management purchased a new stake in Everpure during the 4th quarter worth about $32,000. SHP Wealth Management acquired a new stake in Everpure in the 4th quarter valued at about $36,000. Finally, Ancora Advisors LLC acquired a new stake in Everpure in the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 83.42% of the company's stock.

Insider Buying and Selling at Everpure

In related news, CAO Mona Chu sold 5,112 shares of the company's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $151.40, for a total transaction of $773,956.80. Following the completion of the transaction, the chief accounting officer owned 125,982 shares of the company's stock, valued at approximately $19,073,674.80. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $145.00, for a total transaction of $14,500,000.00. Following the transaction, the insider directly owned 5,393,309 shares in the company, valued at approximately $782,029,805. This represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,235,091 shares of company stock valued at $142,276,537. 5.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

P has been the topic of several recent analyst reports. Barclays increased their target price on Everpure from $110.00 to $132.00 and gave the company an "equal weight" rating in a report on Friday, September 25th. Needham & Company LLC increased their price objective on Everpure from $150.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, October 8th. Piper Sandler increased their price objective on Everpure from $133.00 to $162.00 and gave the company an "overweight" rating in a report on Thursday, September 24th. Lake Street Capital raised their target price on Everpure from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Finally, Wells Fargo & Company increased their price target on shares of Everpure from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, September 24th. Eighteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Everpure has a consensus rating of "Moderate Buy" and a consensus target price of $143.25.

Everpure Stock Performance

P stock opened at $123.98 on Friday. The firm's 50 day moving average is $115.88. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $157.57. The firm has a market cap of $41.32 billion, a P/E ratio of 169.84, a price-to-earnings-growth ratio of 4.45 and a beta of 1.39.

Everpure (NYSE:P - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.51. The firm had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The firm's revenue was up 37.7% compared to the same quarter last year. As a group, equities research analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current year.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s latest quarterly results provide fundamental support. Revenue increased 37.7% year over year to $1.19 billion, driven by enterprise-storage demand and subscription growth, while earnings per share of $0.70 substantially exceeded the $0.19 analyst consensus. Everpure Revenues Surge 38% in Q2
• Positive Sentiment: Everpure was added to the Invesco S&P 500 Equal Weight ETF (RSP), which could generate incremental institutional demand and increase the stock’s visibility. Invesco ETF Adds Everpure
• Neutral Sentiment: Wall Street remains broadly constructive, with a “Moderate Buy” consensus. However, the average analyst price target of $143.25 is below recent trading levels, indicating that much of the expected growth may already be reflected in the share price.
• Negative Sentiment: Insider selling is weighing on sentiment. Ajay Singh sold 18,267 shares for approximately $2.8 million, reducing his position by 6.33%, while John Colgrove sold 100,000 shares worth about $15.4 million. Colgrove’s transaction was conducted under a pre-arranged Rule 10b5-1 plan, making it a less direct signal of management’s outlook, although the scale and repetition of recent sales may concern investors. Everpure Insider Selling
• Negative Sentiment: Valuation risk remains significant. Everpure trades at a very high earnings multiple and has a PEG ratio above 4, leaving the stock vulnerable to profit-taking if growth moderates or future results do not exceed elevated expectations.
• Negative Sentiment: A hotter-than-expected 3.7% inflation reading, partly linked to higher energy costs, pushed bond yields higher and pressured growth-oriented technology shares. Higher interest rates can reduce the appeal of richly valued companies such as Everpure. Technology Stocks Fall on Inflation Concerns

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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