Argos Wealth Advisors LLC Invests $1.08 Million in Everpure, Inc. $P

Argos Wealth Advisors LLC acquired a new position in shares of Everpure, Inc. (NYSE:P) during the 4th quarter, Holdings Channel.com reports. The fund acquired 16,148 shares of the company’s stock, valued at approximately $1,082,000.

Other institutional investors also recently modified their holdings of the company. Winnow Wealth LLC acquired a new stake in shares of Everpure during the 3rd quarter worth approximately $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Everpure during the 3rd quarter worth approximately $27,000. Salomon & Ludwin LLC lifted its position in shares of Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after buying an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure during the 3rd quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Stock Down 4.7%

P stock opened at $83.27 on Wednesday. The firm has a market cap of $27.52 billion, a PE ratio of 153.23, a PEG ratio of 6.52 and a beta of 1.44. Everpure, Inc. has a twelve month low of $50.20 and a twelve month high of $100.59.

Everpure (NYSE:P) last released its earnings results on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Activity at Everpure

In related news, insider John Colgrove sold 29,108 shares of Everpure stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $75.31, for a total transaction of $2,192,123.48. Following the completion of the sale, the insider directly owned 467,694 shares of the company’s stock, valued at $35,222,035.14. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 334,265 shares of company stock worth $24,135,234 over the last ninety days. 5.10% of the stock is owned by insiders.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure officially finalized its acquisition of 1touch, a deal that could expand its product and platform capabilities and support longer-term growth. Everpure Officially Finalizes Acquisition of 1touch
• Positive Sentiment: The company’s Portworx unit announced new Red Hat OpenShift capabilities, making data management more native to Kubernetes environments and potentially strengthening Everpure’s role in AI, container, and virtual machine workloads. Portworx by Everpure Makes Data Management Native to Red Hat OpenShift
• Neutral Sentiment: Everpure stock has been rallying ahead of its upcoming earnings report, reflecting investor optimism, but the stock is still being viewed through the lens of a valuation and earnings test. Everpure Stock Rallies As Data Storage Player Nears Earnings Test
• Neutral Sentiment: One market note said the latest trend in earnings estimate revisions may not support continued upside in the near term, suggesting some caution after the recent surge. Everpure (P) Moves 11.8% Higher: Will This Strength Last?
• Negative Sentiment: Despite the recent strength, some investors are questioning whether Everpure’s sharp one-year run has already priced in much of the good news, which could limit further upside if earnings or guidance disappoint. Is It Too Late To Consider Everpure (P) After Its 63.7% One Year Surge?

Wall Street Analysts Forecast Growth

Several research firms recently commented on P. JPMorgan Chase & Co. cut their target price on Everpure from $105.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Everpure in a research report on Monday, February 23rd. Weiss Ratings began coverage on Everpure in a research report on Monday, April 20th. They set a “hold (c)” rating for the company. Piper Sandler restated a “buy” rating on shares of Everpure in a research report on Thursday, February 26th. Finally, Wall Street Zen upgraded Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and an average target price of $93.21.

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.