Public Employees Retirement System of Ohio Takes $12.55 Million Position in Everpure, Inc. $P

Public Employees Retirement System of Ohio purchased a new position in shares of Everpure, Inc. (NYSE:P) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 159,241 shares of the company’s stock, valued at approximately $12,547,000.

Several other hedge funds have also recently modified their holdings of P. Integrated Wealth Concepts LLC acquired a new stake in shares of Everpure in the 1st quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Everpure by 129.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after acquiring an additional 4,926 shares during the period. Goldman Sachs Group Inc. raised its holdings in Everpure by 109.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after purchasing an additional 595,307 shares in the last quarter. Empowered Funds LLC raised its holdings in Everpure by 4.2% during the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock worth $212,000 after purchasing an additional 194 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after purchasing an additional 2,316 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

Everpure Stock Performance

Shares of Everpure stock opened at $93.57 on Monday. Everpure, Inc. has a 12-month low of $56.78 and a 12-month high of $119.10. The stock has a market capitalization of $31.10 billion, a PE ratio of 128.18, a PEG ratio of 3.85 and a beta of 1.45. The firm has a 50-day moving average of $85.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.Everpure’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, research analysts predict that Everpure, Inc. will post 0.93 earnings per share for the current fiscal year.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure delivered a substantial second-quarter beat: revenue rose 37.7% year over year to approximately $1.19 billion, while non-GAAP earnings reached $0.70 per share, exceeding consensus estimates. The company also issued stronger-than-expected fiscal 2027 revenue guidance, reflecting improved visibility and confidence in converting its sales pipeline. P Q2 Deep Dive
• Positive Sentiment: Growth catalysts include a second design win with a top-five hyperscaler, accelerating Evergreen//One Storage-as-a-Service adoption, enterprise share gains and rising demand from AI data centers seeking better power and rack efficiency. Management said market-share momentum is exceeding reported revenue growth. Hyperscaler win
• Positive Sentiment: Analyst sentiment improved sharply. Bank of America upgraded Everpure to Buy and lifted its price target to $150 from $90, while JPMorgan, Northland, Morgan Stanley, Needham, Wedbush and Guggenheim also raised targets or maintained bullish ratings. BofA cited hyperscaler-related metrics behind its reversal. BofA upgrade
• Neutral Sentiment: Everpure raised fiscal 2027 revenue guidance to roughly $5.03 billion-$5.07 billion, with operating income expected to grow about 50%. The outlook supports the long-term growth case, but the stock’s recent rally has increased expectations and reduced room for execution disappointments. Everpure guidance and hyperscaler outlook
• Negative Sentiment: Despite the earnings beat, investors remain concerned about higher component costs, operating margins and free cash flow. At a valuation above 128 times earnings, some analysts argue Everpure could still be approximately 30% below fair value even after the guidance increase, suggesting the market is already pricing in significant AI and hyperscaler success. Everpure fair value analysis

Insider Buying and Selling at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the sale, the insider directly owned 340,939 shares in the company, valued at $26,634,154.68. This trade represents a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 827,800 shares of company stock valued at $78,153,882. 5.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Everpure in a report on Thursday, May 28th. Lake Street Capital reissued a “buy” rating and set a $120.00 target price on shares of Everpure in a research note on Thursday. Northland Securities raised their price target on Everpure from $90.00 to $128.00 and gave the company an “outperform” rating in a report on Friday. Bank of America upgraded Everpure from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $150.00 in a research note on Thursday. Finally, Wedbush upped their price objective on Everpure from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Seventeen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.10.

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.