Proficio Capital Partners LLC Buys New Shares in Everpure, Inc. $P

Proficio Capital Partners LLC purchased a new stake in shares of Everpure, Inc. (NYSE:P) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,863 shares of the company’s stock, valued at approximately $1,013,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Everpure during the 4th quarter valued at about $265,327,000. Atreides Management LP purchased a new stake in Everpure in the 2nd quarter worth approximately $204,552,000. Polar Capital Holdings Plc increased its holdings in 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. AQR Capital Management LLC increased its holdings in Everpure by 62.7% in 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 in the last quarter. Finally, Turiya Advisors Asia Ltd bought a new stake in Everpure during the 4th quarter worth approximately $67,010,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on P. William Blair reaffirmed an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Barclays increased their price objective on shares of Everpure from $84.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday. Piper Sandler restated an “overweight” rating and set a $133.00 price objective (up from $92.00) on shares of Everpure in a research report on Thursday, August 27th. JPMorgan Chase & Co. lifted their target price on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Northland Securities increased their price target on Everpure from $90.00 to $128.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.10.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s remaining performance obligations grew 44%, while management raised its fiscal 2027 revenue outlook. The company also has approximately $1 billion in liquidity, supporting confidence in its ability to fund expansion despite ongoing cash consumption. Here’s Why Investors Must Hold Everpure Stock in Their Portfolios Now
• Positive Sentiment: Everpure’s technology is being viewed as effective at reducing bottlenecks in artificial-intelligence infrastructure, a potentially important competitive advantage as demand for AI-related capacity expands. Everpure excels at eliminating AI bottlenecks
• Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $128 price target, above the stock’s recent trading level. The firm raised its fiscal 2027 EPS forecast to $1.05 from $0.93 and its fiscal 2028 forecast to $1.84 from $1.48, reflecting stronger expected profitability. It also increased estimates for several future quarters, including Q3 2027 and Q2-Q4 2028. Northland Securities Everpure analyst estimates
• Positive Sentiment: Recent earnings commentary highlighted 38% revenue growth, subscription annual recurring revenue of $2.1 billion and accelerating large deals, reinforcing the company’s growth narrative. Everpure Q2 2027 Earnings Call Transcript
• Neutral Sentiment: Northland made minor reductions to its Q1 2028 and Q4 2027 EPS estimates, but these were outweighed by the firm’s broader upward revisions and unchanged bullish rating.
• Negative Sentiment: Everpure remains dependent on future growth to justify its elevated valuation, while negative cash flow is a continuing risk. Execution against large contracts and the higher revenue outlook will be important for sustaining investor enthusiasm.

Everpure Stock Up 1.2%

P stock opened at $94.04 on Wednesday. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $119.10. The business has a 50 day simple moving average of $86.34. The company has a market cap of $31.26 billion, a P/E ratio of 128.82, a price-to-earnings-growth ratio of 3.74 and a beta of 1.43.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The firm had revenue of $1.19 billion for the quarter. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, equities analysts predict that Everpure, Inc. will post 0.96 EPS for the current fiscal year.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the completion of the transaction, the insider owned 6,474,080 shares in the company, valued at $627,856,278.40. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan J.S. Taylor sold 8,543 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the transaction, the director owned 94,608 shares of the company’s stock, valued at approximately $7,733,257.92. The trade was a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 817,520 shares of company stock valued at $77,276,792. Corporate insiders own 5.10% of the company’s stock.

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.