Counterpoint Mutual Funds LLC Acquires New Shares in Everpure, Inc. $P

Key Points

• Counterpoint Mutual Funds acquired 101,658 Everpure shares worth approximately $13.3 million, while institutional investors and hedge funds collectively own 83.42% of the company.
• Everpure reported strong quarterly results, with revenue up 37.7% year over year to $1.19 billion and EPS of $0.70 versus the $0.19 consensus estimate. Analysts remain broadly positive, assigning the stock a “Moderate Buy” consensus and an average price target of $143.25.
• Despite the favorable outlook, valuation and insider-selling risks remain: the stock trades at a P/E of about 170 and a PEG ratio of 4.14, while insiders sold more than 1.2 million shares worth approximately $142.3 million during the quarter.

Counterpoint Mutual Funds LLC purchased a new stake in Everpure, Inc. (NYSE:P - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,658 shares of the company's stock, valued at approximately $13,295,000. Everpure comprises 1.1% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 6th biggest position.

A number of other large investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of Everpure by 504.0% in the third quarter. Assenagon Asset Management S.A. now owns 994,061 shares of the company's stock valued at $130,003,000 after buying an additional 829,476 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Everpure by 100.1% in the third quarter. Artemis Investment Management LLP now owns 775,776 shares of the company's stock valued at $101,456,000 after purchasing an additional 388,066 shares during the period. JANA Partners Management LP acquired a new position in Everpure during the second quarter worth approximately $77,939,000. Banque Pictet & Cie SA increased its holdings in shares of Everpure by 5.0% during the 3rd quarter. Banque Pictet & Cie SA now owns 242,400 shares of the company's stock worth $31,701,000 after buying an additional 11,559 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Everpure during the second quarter worth about $25,859,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Everpure Stock Down 7.1%

Shares of Everpure stock opened at $123.98 on Friday. The company has a market cap of $41.32 billion, a P/E ratio of 169.84, a P/E/G ratio of 4.14 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's fifty day simple moving average is $115.88.

Everpure (NYSE:P - Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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%. Everpure's revenue for the quarter was up 37.7% on a year-over-year basis. Equities research analysts predict that Everpure, Inc. will post 0.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Everpure from $119.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, September 24th. Wall Street Zen downgraded Everpure from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Northland Securities set a $167.00 price target on shares of Everpure in a research note on Thursday, September 24th. Raymond James Financial reiterated an "outperform" rating and issued a $122.00 price target on shares of Everpure in a research note on Thursday, August 27th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $140.00 target price on shares of Everpure in a report on Thursday, August 20th. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $143.25.

Insider Buying and Selling at Everpure

In other Everpure news, insider Ajay Singh sold 18,267 shares of Everpure stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $155.24, for a total transaction of $2,835,769.08. Following the transaction, the insider directly owned 270,095 shares in the company, valued at approximately $41,929,547.80. The trade was a 6.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott Dietzen sold 60,000 shares of the firm's stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $141.60, for a total value of $8,496,000.00. Following the sale, the director owned 70,000 shares of the company's stock, valued at $9,912,000. The trade was a 46.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,235,091 shares of company stock worth $142,276,537. 5.10% of the stock is owned by insiders.

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 Company 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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