Fisher Asset Management LLC Buys 229,975 Shares of Everpure, Inc. $P

Key Points

• Fisher Asset Management increased its Everpure stake by 320.4% in the fourth quarter, buying 229,975 shares and bringing its total holding to 301,756 shares worth about $20.2 million.
• Everpure reported better-than-expected first-quarter results, with EPS of $0.47 versus $0.40 expected and revenue of $1.05 billion versus $997.9 million expected. Revenue rose 35.2% year over year.
• Despite the earnings beat, the stock faced pressure because of softer near-term guidance, even as analysts remained generally positive with a consensus rating of “Moderate Buy” and an average target price of $93.21.

Fisher Asset Management LLC grew its stake in shares of Everpure, Inc. (NYSE:P - Free Report) by 320.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 301,756 shares of the company's stock after purchasing an additional 229,975 shares during the period. Fisher Asset Management LLC owned approximately 0.09% of Everpure worth $20,221,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Winnow Wealth LLC bought a new stake in shares of Everpure during the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. boosted its stake in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure during the 3rd quarter valued at about $28,000. Finally, Assetmark Inc. boosted its stake in shares of Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the company's stock valued at $29,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 83.42% of the company's stock.

Everpure Stock Performance

Shares of NYSE P opened at $85.86 on Thursday. The company has a market capitalization of $28.37 billion, a PE ratio of 156.11, a PEG ratio of 6.50 and a beta of 1.44. Everpure, Inc. has a 52-week low of $50.20 and a 52-week high of $100.59.

Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $997.88 million. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The business's revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. On average, research analysts anticipate that Everpure, Inc. will post 0.72 earnings per share for the current year.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported first-quarter EPS of $0.47, beating estimates of $0.40 and improving from $0.29 a year ago. Revenue also topped expectations at $1.05 billion, up 35.2% year over year. MarketBeat earnings report
• Positive Sentiment: The company said product revenue grew 55% year over year and increased its full-year fiscal 2027 revenue and operating profit outlook, which signals continued demand and growth momentum. PR Newswire results release
• Neutral Sentiment: Management also updated second-quarter and full-year guidance, but the provided EPS figures were incomplete in the feed; revenue guidance roughly matched expectations, limiting the upside from the outlook update.
• Negative Sentiment: Despite the beat, the stock sold off because investors focused on softer near-term guidance and the fact that the quarter’s strength may already have been priced in. Reports noted the stock dropped late after results and that next-quarter revenue guidance came in well below some market expectations. Yahoo Finance article

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares of the company's stock, valued at $569,305,240.53. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 534,265 shares of company stock worth $41,321,234 over the last three months. 5.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on P shares. Barclays lifted their target price on shares of Everpure from $77.00 to $81.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. Citigroup lowered shares of Everpure from a "buy" rating to a "neutral" rating and set a $90.00 target price on the stock. in a research note on Thursday, May 14th. JPMorgan Chase & Co. dropped their price objective on shares of Everpure from $105.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, April 16th. Weiss Ratings started coverage on shares of Everpure in a research note on Monday, April 20th. They set a "hold (c)" rating on the stock. Finally, Wedbush reissued an "outperform" rating and set a $100.00 price objective on shares of Everpure in a research note on Monday, February 23rd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Everpure has an average rating of "Moderate Buy" and an average target price of $93.21.

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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