Imperva Inc (IMPV) Given Average Rating of “Buy” by Brokerages
Shares of Imperva Inc (NYSE:IMPV) have been assigned an average rating of “Buy” from the twenty-three analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $51.23.
Several analysts have recently commented on the stock. Monness Crespi & Hardt upped their price objective on shares of Imperva from $55.00 to $57.00 and gave the company a “buy” rating in a report on Friday, July 28th. Evercore ISI set a $56.00 price objective on shares of Imperva and gave the company a “buy” rating in a report on Friday, July 28th. Piper Jaffray Companies set a $58.00 price objective on shares of Imperva and gave the company a “buy” rating in a report on Monday, August 28th. BidaskClub downgraded shares of Imperva from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Imperva in a report on Wednesday, October 18th.
In related news, Director Anthony J. Bettencourt sold 99,598 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $43.59, for a total value of $4,341,476.82. Following the completion of the sale, the director now owns 99,598 shares of the company’s stock, valued at $4,341,476.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in IMPV. ETF Managers Group LLC purchased a new position in Imperva during the second quarter worth about $41,888,000. Clearbridge Investments LLC boosted its stake in Imperva by 47.0% during the first quarter. Clearbridge Investments LLC now owns 1,262,507 shares of the software maker’s stock worth $51,826,000 after buying an additional 403,809 shares during the period. BlackRock Inc. boosted its stake in Imperva by 11.3% during the second quarter. BlackRock Inc. now owns 2,124,043 shares of the software maker’s stock worth $101,635,000 after buying an additional 215,170 shares during the period. Eagle Asset Management Inc. boosted its stake in Imperva by 17.7% during the second quarter. Eagle Asset Management Inc. now owns 1,279,848 shares of the software maker’s stock worth $61,240,000 after buying an additional 192,625 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in Imperva during the second quarter worth about $8,546,000. 92.72% of the stock is owned by hedge funds and other institutional investors.
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Shares of Imperva (NYSE IMPV) traded down 2.64% on Wednesday, reaching $42.35. 431,928 shares of the company were exchanged. Imperva has a 52 week low of $34.40 and a 52 week high of $52.40. The firm’s 50 day moving average price is $43.69 and its 200 day moving average price is $45.94. The stock’s market capitalization is $1.43 billion.
Imperva (NYSE:IMPV) last released its earnings results on Thursday, July 27th. The software maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.15). The company had revenue of $74.44 million for the quarter, compared to analysts’ expectations of $74.30 million. Imperva had a negative return on equity of 5.00% and a negative net margin of 4.69%. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.23) EPS. Equities research analysts anticipate that Imperva will post $0.85 EPS for the current year.
Imperva, Inc provides cyber-security solutions that protect business-critical data and applications whether in the cloud or on premises. The Company is engaged in the development, marketing, sales, service and support of cyber-security solutions. The Company’s products include its Imperva SecureSphere Paltform, Imperva CounterBreach and Imperva Camouflage for enterprise data centers, and Imperva Incapsula offering for cloud-based security services.
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