Russell Investments Group Ltd. cut its holdings in Imperva Inc (NASDAQ:IMPV) by 23.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,988 shares of the software maker’s stock after selling 2,200 shares during the quarter. Russell Investments Group Ltd.’s holdings in Imperva were worth $304,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Imperva by 10.8% in the third quarter. Bank of New York Mellon Corp now owns 150,752 shares of the software maker’s stock valued at $6,542,000 after acquiring an additional 14,727 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Imperva by 92.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 59,290 shares of the software maker’s stock worth $2,573,000 after buying an additional 28,440 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Imperva by 3.4% in the third quarter. New York State Common Retirement Fund now owns 37,000 shares of the software maker’s stock worth $1,606,000 after buying an additional 1,200 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Imperva by 51.7% in the third quarter. Principal Financial Group Inc. now owns 7,067 shares of the software maker’s stock worth $307,000 after buying an additional 2,409 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Imperva by 80.7% in the third quarter. Prudential Financial Inc. now owns 54,174 shares of the software maker’s stock worth $2,351,000 after buying an additional 24,190 shares during the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.
A number of analysts have recently weighed in on IMPV shares. Zacks Investment Research upgraded shares of Imperva from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, October 24th. Wells Fargo & Co cut shares of Imperva from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Imperial Capital reduced their price objective on shares of Imperva from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, October 10th. Piper Jaffray Companies cut shares of Imperva from an “overweight” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Monday, October 16th. Finally, Morgan Stanley restated an “underweight” rating and issued a $39.00 price objective on shares of Imperva in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Imperva presently has a consensus rating of “Hold” and an average target price of $51.86.
Imperva Inc (IMPV) opened at $42.10 on Friday. The company has a market cap of $1,448.99, a price-to-earnings ratio of 155.93 and a beta of 1.79. Imperva Inc has a one year low of $37.17 and a one year high of $52.40.
Imperva (NASDAQ:IMPV) last released its earnings results on Wednesday, November 8th. The software maker reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. The firm had revenue of $83.89 million during the quarter, compared to analysts’ expectations of $83.79 million. Imperva had a net margin of 3.04% and a negative return on equity of 8.52%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. equities research analysts expect that Imperva Inc will post -0.52 EPS for the current year.
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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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