United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 7,800 Shares of Everpure, Inc. $P

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its position in Everpure, Inc. (NYSE:P) by 50.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,800 shares of the company’s stock after selling 7,800 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Everpure were worth $523,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of P. Winnow Wealth LLC bought a new position in shares of Everpure in the 3rd quarter worth $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the 3rd quarter worth $27,000. Salomon & Ludwin LLC lifted its holdings in shares of Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Everpure during the 3rd quarter valued at $28,000. Finally, Sunbelt Securities Inc. lifted its stake in 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 acquiring an additional 244 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

Everpure Trading Up 8.6%

NYSE P opened at $79.31 on Friday. The firm has a market cap of $26.21 billion, a PE ratio of 120.17, a price-to-earnings-growth ratio of 5.38 and a beta of 1.44. Everpure, Inc. has a one year low of $50.20 and a one year high of $100.59.

Everpure (NYSE:P) last released its earnings results on Wednesday, May 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company 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 business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Everpure, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

P has been the topic of several recent analyst reports. Barclays raised their price objective on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group raised their price objective on Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday. Morgan Stanley raised their price objective on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Citigroup cut Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Thirteen equities research 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. According to MarketBeat.com, Everpure has an average rating of “Moderate Buy” and a consensus target price of $96.32.

Insiders Place Their Bets

In related news, insider John Colgrove sold 200,000 shares of Everpure 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 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 legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 534,265 shares of company stock valued at $41,321,234. Company insiders own 5.10% of the company’s stock.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported Q1 earnings of $0.47 per share, ahead of the $0.40 consensus, with revenue of $1.05 billion also topping estimates and rising 35.2% year over year. Everpure (P) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said AI-led storage demand, enterprise wins, and subscription growth helped drive the quarter, reinforcing the growth story for Everpure’s data storage business. Everpure Q1 Earnings Beat on Strong AI-Led Storage Demand, Sales Jump Y/Y
• Positive Sentiment: Several analysts responded favorably after the report, including JPMorgan raising its price target to $92 and Needham reiterating a buy rating with a $100 target, suggesting Wall Street sees continued upside. Analyst rating updates
• Neutral Sentiment: The company’s full-year revenue guidance came in above expectations, but next-quarter revenue guidance disappointed, which helped explain the stock’s volatility after earnings. P Q1 Deep Dive: Supply Chain Dynamics and Pricing Power Shape Results and Guidance
• Negative Sentiment: Investors were also disappointed by weaker free cash flow and cautious near-term guidance, which triggered a sharp post-earnings pullback despite the beat. Everpure beats on revenue and earnings but free cash flow drop sends shares lower

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.