62,800 Shares in Everpure, Inc. $P Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new stake in shares of Everpure, Inc. (NYSE:P - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 62,800 shares of the company's stock, valued at approximately $4,948,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in shares of Everpure in the 2nd quarter worth about $2,192,000. Archer Investment Corp bought a new position in shares of Everpure in the 2nd quarter worth about $539,000. Public Employees Retirement System of Ohio purchased a new position in Everpure during the 2nd quarter valued at about $12,547,000. Paradigm Capital Management Inc. NY purchased a new position in Everpure during the 2nd quarter valued at about $2,127,000. Finally, Summit Creek Advisors LLC bought a new stake in Everpure during the second quarter worth about $5,671,000. Institutional investors own 83.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on P shares. Evercore restated an "outperform" rating and issued a $130.00 price objective on shares of Everpure in a report on Monday. Zacks Research lowered shares of Everpure from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Northland Securities boosted their price target on Everpure from $90.00 to $128.00 and gave the stock an "outperform" rating in a research report on Friday. Piper Sandler reaffirmed an "overweight" rating and set a $133.00 price objective (up from $92.00) on shares of Everpure in a research report on Thursday. Finally, Morgan Stanley boosted their target price on Everpure from $108.00 to $119.00 and gave the stock an "overweight" rating in a report on Thursday. Seventeen equities 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $129.10.

Insiders Place Their Bets

In related news, Director Susan J.S. Taylor sold 8,543 shares of Everpure stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $81.74, for a total value of $698,304.82. Following the completion of the sale, the director directly owned 94,608 shares in the company, valued at approximately $7,733,257.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew William Fraser Brown sold 4,735 shares of the business'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 directly owned 27,683 shares of the company's stock, valued at approximately $2,008,955.31. This trade represents a 14.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 827,800 shares of company stock valued at $78,153,882. 5.10% of the stock is currently owned by corporate insiders.

Everpure Trading Down 5.7%

NYSE:P opened at $93.57 on Friday. The stock has a market capitalization of $31.10 billion, a PE ratio of 128.18, a price-to-earnings-growth ratio of 5.52 and a beta of 1.45. The firm's 50 day moving average price is $85.59. Everpure, Inc. has a 52 week low of $56.78 and a 52 week high of $119.10.

Everpure (NYSE:P - Get Free Report) last released 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 business had revenue of $1.19 billion for 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% on a year-over-year basis. On average, sell-side analysts forecast that Everpure, Inc. will post 0.93 EPS for the current year.

More Everpure News

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

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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