McLaughlin Asset Management Inc. Invests $495,000 in Everpure, Inc. $P

McLaughlin Asset Management Inc. purchased a new stake in Everpure, Inc. (NYSE:P) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,384 shares of the company’s stock, valued at approximately $495,000.

Several other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in Everpure by 40.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 468 shares of the company’s stock worth $39,000 after acquiring an additional 134 shares during the period. One Capital Management LLC raised its holdings in Everpure by 1.0% in the 3rd quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock valued at $1,236,000 after acquiring an additional 141 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock valued at $67,000 after acquiring an additional 152 shares during the period. GraniteShares Advisors LLC lifted its position in shares of Everpure by 2.3% during the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock valued at $464,000 after acquiring an additional 157 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Everpure by 2.4% during the 4th quarter. GAMMA Investing LLC now owns 6,938 shares of the company’s stock worth $465,000 after purchasing an additional 164 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

Key Headlines Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure unveiled new AI-era offerings, including Data Stream and a data-primacy architecture, aimed at making enterprise data more AI-ready and improving governance, search, and analysis. Article link
• Positive Sentiment: The company also announced an expanded strategic alliance with Veeam to deliver DataAI resilience at enterprise scale, reinforcing Everpure’s positioning in cyber resilience and Kubernetes integrations. Article link
• Positive Sentiment: Analyst-style coverage noted that Everpure’s premium valuation may be justified by strong ROE, debt-free finances, and subscription momentum, despite some supply-chain headwinds. Article link

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wedbush raised their price target on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price objective on shares of Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Lake Street Capital increased their price objective on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Northland Securities set a $90.00 target price on shares of Everpure in a report on Thursday, May 28th. Finally, Citigroup cut shares of Everpure from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Thursday, May 14th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.32.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00. Following the sale, the insider directly owned 2,615,000 shares in the company, valued at approximately $185,769,600. This trade represents a 3.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 valued at $49,302,220. Company insiders own 5.10% of the company’s stock.

Everpure Stock Up 2.8%

Everpure stock opened at $74.73 on Friday. Everpure, Inc. has a 52 week low of $50.87 and a 52 week high of $100.59. The firm has a market cap of $24.84 billion, a PE ratio of 113.23, a price-to-earnings-growth ratio of 4.11 and a beta of 1.44.

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

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.