Tobam Has $1.40 Million Stock Position in Everpure, Inc. $P

Tobam boosted its position in shares of Everpure, Inc. (NYSE:P) by 66.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,882 shares of the company’s stock after purchasing an additional 8,363 shares during the period. Tobam’s holdings in Everpure were worth $1,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Everpure during the fourth quarter worth approximately $265,327,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Everpure by 786.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,027,610 shares of the company’s stock valued at $337,554,000 after acquiring an additional 3,573,493 shares during the last quarter. Atreides Management LP acquired a new position in shares of Everpure in the 2nd quarter worth approximately $204,552,000. Polar Capital Holdings Plc boosted its holdings in shares of Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after acquiring an additional 1,345,207 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after acquiring an additional 1,315,351 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Everpure

In other news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $85.93, for a total value of $17,186,000.00. Following the transaction, the insider owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This trade represents a 2.93% decrease in their position. The sale 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. In the last 90 days, insiders have sold 644,545 shares of company stock worth $49,302,220. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Everpure from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Guggenheim boosted their price objective on Everpure from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. UBS Group increased their target price on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a report on Thursday, May 28th. Wells Fargo & Company raised their target price on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Barclays lifted their price target on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.32.

Everpure Stock Up 0.2%

Shares of P opened at $74.73 on Friday. Everpure, Inc. has a 12-month low of $50.87 and a 12-month high of $100.59. The firm has a market capitalization of $24.84 billion, a price-to-earnings ratio of 113.23, a PEG ratio of 4.22 and a beta of 1.44. The firm’s fifty day moving average price is $76.90.

Everpure (NYSE:P) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. As a group, equities analysts predict that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Zacks says Everpure has above-average growth characteristics and could outperform the market, supporting the case for growth-focused investors. 3 Reasons Why Growth Investors Shouldn’t Overlook Everpure (P)
• Positive Sentiment: Analysts and market commentary point to a hammer chart pattern and rising earnings estimate revisions, which could indicate Everpure is forming a near-term bottom after recent pressure. Everpure (P) May Find a Bottom Soon, Here’s Why You Should Buy the Stock Now
• Positive Sentiment: Forbes and other coverage emphasized Everpure’s data-stream and data-intelligence offerings, reinforcing the company’s AI/data positioning and long-term growth narrative. Everpure Data Stream And Data Intelligence To Optimize AI Data
• Neutral Sentiment: Additional coverage focused on management’s message that data should become a primary business asset and on Everpure’s AI data pivot, which supports the strategic story but does not provide a major new catalyst by itself. ‘Not abandoning what got us here’: Co-founder Coz on Everpure’s AI data pivot
• Neutral Sentiment: Articles on Everpure’s premium valuation note that the stock trades at a rich multiple, but also argue it may be justified by strong ROE, debt-free finances, and subscription momentum. Everpure Stock’s 26.83X P/E Beats Industry: Is It Worth the Premium?
• Negative Sentiment: Some coverage still points to supply-chain headwinds and a high valuation, which could limit upside if growth expectations cool. Everpure Stock’s 26.83X P/E Beats Industry: Is It Worth the Premium?

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.