Artemis Investment Management LLP Boosts Position in Everpure, Inc. $P

Key Points

• Artemis Investment Management doubled its Everpure position in the third quarter, acquiring 388,066 additional shares to reach 775,776 shares valued at approximately $101.5 million. Institutional investors collectively own 83.42% of the company.
• Analyst sentiment remains positive: Everpure has a “Moderate Buy” consensus rating from 21 analysts, with a $140 average price target; Wells Fargo recently raised its target to $145.
• Everpure reported quarterly EPS of $0.70, substantially beating the $0.19 consensus estimate, while revenue rose 37.7% year over year to $1.19 billion. However, insiders have sold more than 1 million shares worth approximately $105.9 million over the past 90 days.

Artemis Investment Management LLP grew its position in Everpure, Inc. (NYSE:P - Free Report) by 100.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 775,776 shares of the company's stock after acquiring an additional 388,066 shares during the quarter. Artemis Investment Management LLP owned about 0.23% of Everpure worth $101,456,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Everpure by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 3,007,431 shares of the company's stock valued at $201,528,000 after buying an additional 666,941 shares during the period. Mariner LLC raised its holdings in shares of Everpure by 3.1% in the fourth quarter. Mariner LLC now owns 2,679,161 shares of the company's stock worth $179,538,000 after buying an additional 80,039 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Everpure by 20.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,554,240 shares of the company's stock worth $104,150,000 after buying an additional 265,846 shares during the period. Amova Asset Management Americas Inc. lifted its stake in shares of Everpure by 0.3% during the 4th quarter. Amova Asset Management Americas Inc. now owns 1,081,806 shares of the company's stock worth $72,492,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Turiya Advisors Asia Ltd purchased a new position in Everpure during the 4th quarter valued at $67,010,000. Institutional investors own 83.42% of the company's stock.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 100,000 shares of the business's stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $115.96, for a total value of $11,596,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 42,930 shares of the firm's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $124.17, for a total value of $5,330,618.10. Following the sale, the insider directly owned 288,362 shares in the company, valued at approximately $35,805,909.54. The trade was a 12.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,035,502 shares of company stock valued at $105,858,759. 5.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

P has been the subject of several research analyst reports. Oppenheimer reiterated an "outperform" rating and set a $140.00 target price on shares of Everpure in a research report on Thursday, August 20th. Wells Fargo & Company raised their price target on shares of Everpure from $135.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, September 24th. Susquehanna reiterated a "positive" rating and set a $145.00 price objective on shares of Everpure in a report on Thursday, August 27th. Wall Street Zen cut shares of Everpure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. Finally, Raymond James Financial restated an "outperform" rating and issued a $122.00 target price on shares of Everpure in a research note on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

Everpure Stock Performance

NYSE P traded down $0.45 during trading on Thursday, reaching $152.21. 2,776,913 shares of the company's stock traded hands, compared to its average volume of 3,786,464. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $157.05. The stock has a market cap of $50.72 billion, a price-to-earnings ratio of 208.48, a price-to-earnings-growth ratio of 4.91 and a beta of 1.39. The company has a 50 day simple moving average of $107.11.

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 analysts' consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company's revenue was up 37.7% compared to the same quarter last year. As a group, analysts predict that Everpure, Inc. will post 0.95 earnings per share for the current year.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Needham raises price target: Needham & Company lifted its target on Everpure from $150 to $185 and upgraded the stock to “buy,” implying approximately 19% upside from the recently reported trading level. The higher target reflects increased confidence in the company’s growth outlook. TickerReport article
• Positive Sentiment: AI and data-center momentum: Everpure’s stock has gained roughly 36% since management raised its long-term revenue targets at a recent investor day. Investors appear to be responding to expectations that AI-related infrastructure spending will increase demand for the company’s data-storage products and services. Yahoo Finance article
• Positive Sentiment: Broader partner strategy: Everpure is urging channel partners to look “beyond storage,” suggesting opportunities to sell higher-value software, services and data-management solutions alongside its hardware. A broader offering could support recurring revenue and improve growth prospects. ChannelWeb article
• Positive Sentiment: Favorable sentiment remains widespread: Twenty-one analysts collectively rate Everpure “Moderate Buy,” with 17 buy ratings, three holds and one sell rating. Television commentator Jim Cramer also said the stock may have further room to run. DefenseWorld article
• Neutral Sentiment: Sustainability update: Everpure published its 2026 impact report outlining its sustainability strategy and targets. The report may support the company’s long-term positioning but is unlikely to be a major near-term earnings catalyst. Yahoo Finance article
• Negative Sentiment: Valuation and insider selling: A valuation analysis characterized Everpure as overvalued following its rally. Separately, Chief Accounting Officer Mona Chu sold 2,852 shares for approximately $400,000, reducing her holdings by 2.13%. The sale is relatively small but may add caution after the sharp run-up. GuruFocus article

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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