M&T Bank Corp Has $3.51 Million Stake in Everpure, Inc. $P

Key Points

• M&T Bank Corp boosted its stake in Everpure by 1,014.5% in Q4 and now holds 52,438 shares worth about $3.51 million, underscoring notable institutional buying (institutional ownership ~83%).
• Everpure beat Q4 estimates with $0.69 EPS vs. $0.65 expected and $1.06B revenue (up 20.4% year‑over‑year), and analysts maintain a consensus "Moderate Buy" with a $93.21 target.
• Large insider selling (John Colgrove sold 82,266 shares for ~$5.8M; insiders sold ~171,065 shares worth ~$12M in 90 days) and rising memory/RAM input costs ("RAMageddon") could pressure the stock despite the quarter beat.

M&T Bank Corp lifted its holdings in Everpure, Inc. (NYSE:P - Free Report) by 1,014.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,438 shares of the company's stock after acquiring an additional 47,733 shares during the quarter. M&T Bank Corp's holdings in Everpure were worth $3,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Winnow Wealth LLC acquired a new position in Everpure in the third quarter worth $26,000. Provenance Wealth Advisors LLC bought a new stake in shares of Everpure during the third quarter worth $27,000. Salomon & Ludwin LLC grew its holdings in shares of Everpure by 108.2% during the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company's stock worth $27,000 after purchasing an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure during the third quarter worth $28,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Everpure by 287.1% during the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock worth $28,000 after purchasing an additional 244 shares during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Performance

Everpure stock opened at $71.42 on Monday. Everpure, Inc. has a 1 year low of $43.51 and a 1 year high of $100.59. The stock has a market cap of $23.60 billion, a price-to-earnings ratio of 129.85, a price-to-earnings-growth ratio of 5.33 and a beta of 1.34.

Everpure (NYSE:P - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts forecast that Everpure, Inc. will post 0.72 earnings per share for the current year.

Insider Activity

In other news, insider John Colgrove sold 82,266 shares of the firm's stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $70.50, for a total value of $5,799,753.00. Following the transaction, the insider directly owned 66,927 shares in the company, valued at $4,718,353.50. This trade represents a 55.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 171,065 shares of company stock valued at $12,021,011. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on P shares. Piper Sandler reiterated a "buy" rating on shares of Everpure in a research report on Thursday, February 26th. JPMorgan Chase & Co. lowered their price objective on shares of Everpure from $105.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, April 16th. Wall Street Zen upgraded shares of Everpure from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Wells Fargo & Company reduced their target price on shares of Everpure from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Finally, Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Everpure in a research note on Monday, February 23rd. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Everpure has an average rating of "Moderate Buy" and a consensus target price of $93.21.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Quarterly beat and strong top-line growth: Everpure reported an EPS and revenue beat in late February with ~20% y/y revenue growth, which supports near-term growth expectations. Read More.
• Positive Sentiment: Momentum/ratings lift: IBD upgraded Everpure’s technical/price‑strength metrics, and several sell‑side firms have maintained or raised ratings/targets in recent weeks — this can attract momentum and growth-oriented flows. Read More.
• Positive Sentiment: Commercial traction in strategic markets: Customers such as BlackBox Hosting are publicly citing bets on Everpure tied to UK sovereign cloud demand, signaling tangible enterprise adoption. Read More.
• Neutral Sentiment: Increased media/bullish write-ups: Several bullish summaries and idea pieces (Yahoo Finance / InsiderMonkey) are raising retail and institutional attention but don’t change fundamentals on their own. Read More.
• Neutral Sentiment: Featured on thematic lists: Everpure appears in high‑growth and cash‑heavy stock roundups, which can broaden buyer interest but may also highlight valuation risk. Read More.
• Negative Sentiment: Large insider selling: Director/officer John Colgrove sold substantial blocks across April 21–23 (multiple Form 4 filings) under a pre‑arranged 10b5‑1 plan — the scale of the sales increases share supply and can pressure near‑term sentiment despite the plan. Read More.
• Negative Sentiment: AI-driven memory/RAM supply squeeze raising input costs: Coverage cites a sharp, AI‑fueled memory price spike (reports up to ~70%), and Everpure’s CEO has warned of sustained “RAMageddon” pricing — a material margin risk if the company can’t pass costs to customers. Read More. Read More.

About Everpure

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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