New Mexico Educational Retirement Board Purchases Shares of 62,800 Everpure, Inc. $P

New Mexico Educational Retirement Board acquired a new position in Everpure, Inc. (NYSE:P) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 62,800 shares of the company’s stock, valued at approximately $4,948,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sunbelt Securities Inc. increased its stake in shares of Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares in the last quarter. Banque Transatlantique SA bought a new stake in Everpure during the third quarter valued at about $29,000. Cornerstone Planning Group LLC increased its position in Everpure by 2,884.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock worth $29,000 after buying an additional 375 shares in the last quarter. Greenline Wealth Management LLC bought a new position in shares of Everpure in the fourth quarter worth about $32,000. Finally, Reflection Asset Management purchased a new position in shares of Everpure during the 4th quarter valued at about $32,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Everpure Stock Performance

Shares of NYSE P opened at $93.57 on Friday. The company has a market cap of $31.10 billion, a P/E ratio of 128.18, a P/E/G ratio of 5.52 and a beta of 1.45. Everpure, Inc. has a 52-week low of $56.78 and a 52-week high of $119.10. The company has a fifty day moving average of $85.59.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm had revenue of $1.19 billion during the quarter. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, equities analysts anticipate that Everpure, Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Activity at Everpure

In other Everpure news, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the sale, the insider owned 340,939 shares of the company’s stock, valued at $26,634,154.68. The trade was a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00. Following the sale, the insider directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 827,800 shares of company stock valued at $78,153,882 in the last 90 days. 5.10% of the stock is currently owned by company insiders.

Everpure News Summary

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TD Cowen increased their target price on shares of Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Bank of America upgraded shares of Everpure from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $150.00 in a research report on Thursday. Raymond James Financial reaffirmed an “outperform” rating and issued a $122.00 target price on shares of Everpure in a report on Thursday. Evercore reissued an “outperform” rating and set a $130.00 price target on shares of Everpure in a report on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Seventeen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.10.

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.