Imperva Inc (IMPV) Rating Reiterated by Stifel Nicolaus
Imperva Inc (NYSE:IMPV)‘s stock had its “hold” rating reiterated by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. They presently have a $47.00 price objective on the software maker’s stock, down from their prior price objective of $50.00. Stifel Nicolaus’ target price suggests a potential upside of 14.08% from the company’s current price.
Several other research firms have also commented on IMPV. Evercore ISI set a $56.00 price target on shares of Imperva and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Imperva from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a research report on Tuesday, October 24th. BidaskClub lowered shares of Imperva from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Wells Fargo & Company lowered shares of Imperva from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Finally, Imperial Capital reduced their price target on shares of Imperva from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.38.
Shares of Imperva (NYSE:IMPV) traded up $0.60 during trading hours on Thursday, reaching $41.20. The company’s stock had a trading volume of 222,500 shares, compared to its average volume of 448,881. Imperva has a fifty-two week low of $35.45 and a fifty-two week high of $52.40.
Imperva (NYSE:IMPV) last issued its earnings results on Wednesday, November 8th. The software maker reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. Imperva had a negative return on equity of 5.00% and a negative net margin of 4.69%. The business had revenue of $83.89 million during the quarter, compared to analyst estimates of $83.79 million. During the same quarter in the previous year, the firm earned $0.08 EPS. Imperva’s revenue was up 22.6% on a year-over-year basis.
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In other Imperva news, Director Anthony J. Bettencourt sold 99,598 shares of the company’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 completion of 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Imperva by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,439,240 shares of the software maker’s stock valued at $116,718,000 after buying an additional 99,799 shares during the period. BlackRock Inc. raised its holdings in Imperva by 11.3% during the 2nd quarter. BlackRock Inc. now owns 2,124,043 shares of the software maker’s stock valued at $101,635,000 after buying an additional 215,170 shares during the period. Eagle Asset Management Inc. raised its holdings in Imperva by 1.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,294,651 shares of the software maker’s stock valued at $55,928,000 after buying an additional 14,803 shares during the period. ETF Managers Group LLC purchased a new stake in Imperva during the 2nd quarter valued at $41,888,000. Finally, Emerald Advisers Inc. PA raised its holdings in Imperva by 15.8% during the 3rd quarter. Emerald Advisers Inc. PA now owns 657,005 shares of the software maker’s stock valued at $28,514,000 after buying an additional 89,463 shares during the period. Hedge funds and other institutional investors own 92.72% of the company’s stock.
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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