Imperva Inc (IMPV) Holdings Lifted by BlackRock Inc.
BlackRock Inc. raised its holdings in Imperva Inc (NYSE:IMPV) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,124,043 shares of the software maker’s stock after acquiring an additional 215,170 shares during the period. BlackRock Inc. owned about 6.28% of Imperva worth $101,635,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Comerica Bank grew its position in Imperva by 0.8% in the second quarter. Comerica Bank now owns 19,707 shares of the software maker’s stock valued at $978,000 after acquiring an additional 157 shares during the last quarter. Aperio Group LLC grew its position in Imperva by 8.1% in the second quarter. Aperio Group LLC now owns 7,114 shares of the software maker’s stock valued at $340,000 after acquiring an additional 531 shares during the last quarter. Smith Asset Management Group LP grew its position in Imperva by 0.8% in the second quarter. Smith Asset Management Group LP now owns 81,295 shares of the software maker’s stock valued at $3,890,000 after acquiring an additional 610 shares during the last quarter. US Bancorp DE grew its position in Imperva by 11.7% in the second quarter. US Bancorp DE now owns 6,016 shares of the software maker’s stock valued at $287,000 after acquiring an additional 630 shares during the last quarter. Finally, Cambridge Trust Co. grew its position in Imperva by 4.7% in the second quarter. Cambridge Trust Co. now owns 23,839 shares of the software maker’s stock valued at $1,141,000 after acquiring an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.
A number of research analysts have issued reports on IMPV shares. Monness Crespi & Hardt lifted their target price on Imperva from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, July 28th. 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. 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. BidaskClub cut Imperva from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $49.00 target price on shares of Imperva in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $50.97.
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 transaction of $4,341,476.82. Following the transaction, the director now directly owns 99,598 shares in the company, valued at approximately $4,341,476.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.
Imperva Inc (NYSE IMPV) opened at 41.85 on Friday. Imperva Inc has a 1-year low of $34.40 and a 1-year high of $52.40. The company has a 50 day moving average price of $43.78 and a 200-day moving average price of $45.83. The firm’s market capitalization is $1.42 billion.
Imperva (NYSE:IMPV) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.15). Imperva had a negative return on equity of 5.00% and a negative net margin of 4.69%. The company had revenue of $74.44 million for the quarter, compared to the consensus estimate of $74.30 million. During the same quarter in the previous year, the business earned ($0.23) earnings per share. Imperva’s revenue was up 28.6% compared to the same quarter last year. On average, analysts forecast that Imperva Inc will post $0.81 EPS for the current fiscal year.
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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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