Intech Investment Management LLC Grows Stake in Everpure, Inc. $P

Key Points

• Intech Investment Management sharply increased its Everpure stake by 685.2% in the fourth quarter, ending with 325,907 shares worth about $21.8 million.
• Everpure beat first-quarter expectations, posting EPS of $0.47 versus $0.40 expected and revenue of $1.05 billion versus $997.9 million expected, with sales up 35.2% year over year.
• Analysts remained broadly positive, with several raising price targets and the consensus rating sitting at Moderate Buy with a target price of $96.32, though some coverage noted concerns about softer near-term guidance and cash flow.

Intech Investment Management LLC lifted its position in shares of Everpure, Inc. (NYSE:P - Free Report) by 685.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,907 shares of the company's stock after buying an additional 284,402 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of Everpure worth $21,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in P. Winnow Wealth LLC bought a new position in shares of Everpure during the 3rd quarter worth $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Everpure during the 3rd quarter worth $27,000. Salomon & Ludwin LLC grew its position in shares of Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company's stock worth $27,000 after buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure during the 3rd quarter worth $28,000. Finally, Sunbelt Securities Inc. grew its position in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock worth $28,000 after buying an additional 244 shares in the last quarter. Institutional investors own 83.42% of the company's stock.

Everpure Price Performance

Everpure stock opened at $73.18 on Friday. Everpure, Inc. has a one year low of $50.20 and a one year high of $100.59. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 110.88, a price-to-earnings-growth ratio of 6.31 and a beta of 1.44.

Everpure (NYSE:P - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. Everpure had a return on equity of 16.12% and a net margin of 5.75%.The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $997.88 million. During the same period last year, the business posted $0.29 earnings per share. The firm's revenue was up 35.2% compared to the same quarter last year. As a group, equities analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current year.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure beat Q1 expectations, reporting EPS of $0.47 versus $0.40 expected and revenue of $1.05 billion versus $997.9 million expected, with sales up 35.2% year over year. The company also highlighted strong AI infrastructure demand, enterprise wins, and subscription growth. Article title
• Positive Sentiment: Management raised full-year revenue guidance to $4.4 billion-$4.5 billion, which came in above consensus and signals confidence in demand trends. Article title
• Positive Sentiment: Several analysts turned more constructive after the report: JPMorgan raised its price target to $92 with an overweight rating, while Needham reiterated buy with a $100 target. Article title
• Neutral Sentiment: Everpure’s next-quarter revenue guidance was less impressive than investors wanted, with commentary indicating it could fall well short of market expectations. That softer outlook likely outweighed the strong headline beat. Article title
• Negative Sentiment: Some coverage said the stock sold off because free cash flow dropped and the market remained cautious about profitability quality despite the earnings beat. Article title

Wall Street Analyst Weigh In

P has been the subject of several recent research reports. Lake Street Capital boosted their price target on Everpure from $90.00 to $94.00 and gave the stock a "buy" rating in a research report on Thursday. William Blair reissued an "outperform" rating on shares of Everpure in a research report on Thursday. Barclays boosted their price target on Everpure from $81.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Thursday. Northland Securities set a $90.00 price target on Everpure in a research report on Thursday. Finally, Morgan Stanley boosted their price target on Everpure from $84.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Everpure currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.32.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the sale, the insider directly owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 534,265 shares of company stock valued at $41,321,234 in the last three months. Company insiders own 5.10% of the company's stock.

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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