Stock Traders Buy Large Volume of Imperva Call Options (IMPV)
Imperva Inc (NYSE:IMPV) was the target of unusually large options trading on Wednesday. Investors purchased 3,490 call options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.
In related news, Director Anthony J. Bettencourt sold 99,598 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $43.59, for a total value of $4,341,476.82. Following the sale, the director now owns 99,598 shares of the company’s stock, valued at approximately $4,341,476.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund boosted its stake in shares of Imperva by 5.3% in the 2nd quarter. New York State Common Retirement Fund now owns 35,800 shares of the software maker’s stock valued at $1,713,000 after buying an additional 1,793 shares during the period. Wells Fargo & Company MN lifted its stake in Imperva by 86.5% in the second quarter. Wells Fargo & Company MN now owns 191,212 shares of the software maker’s stock valued at $9,149,000 after buying an additional 88,701 shares during the last quarter. Capital Fund Management S.A. lifted its stake in Imperva by 85.6% in the second quarter. Capital Fund Management S.A. now owns 113,951 shares of the software maker’s stock valued at $5,453,000 after buying an additional 52,559 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Imperva by 17.7% in the second quarter. Eagle Asset Management Inc. now owns 1,279,848 shares of the software maker’s stock valued at $61,240,000 after buying an additional 192,625 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of Imperva in the second quarter valued at approximately $5,563,000. Institutional investors and hedge funds own 92.72% of the company’s stock.
Imperva (NYSE:IMPV) opened at $42.60 on Friday.
IMPV has been the topic of several analyst reports. Zacks Investment Research upgraded Imperva from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, August 2nd. Evercore ISI set a $56.00 target price on Imperva and gave the company a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded Imperva from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Wells Fargo & Company cut Imperva from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Finally, Piper Jaffray Companies set a $58.00 target price on Imperva and gave the company a “buy” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.23.
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Imperva Company Profile
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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