Imperva (NASDAQ:IMPV) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Other analysts have also issued reports about the company. Evercore ISI set a $56.00 price objective on Imperva and gave the stock a “buy” rating in a report on Thursday, October 19th. Royal Bank of Canada reiterated a “buy” rating and set a $49.00 price objective on shares of Imperva in a report on Wednesday, October 18th. Oppenheimer reiterated a “buy” rating and set a $55.00 price objective on shares of Imperva in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating and set a $47.00 price objective (down from $50.00) on shares of Imperva in a report on Thursday, November 9th. Finally, KeyCorp reiterated a “hold” rating on shares of Imperva in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Imperva currently has an average rating of “Hold” and a consensus price target of $51.86.
Shares of Imperva (NASDAQ IMPV) opened at $42.60 on Friday. The stock has a market capitalization of $1,426.88, a price-to-earnings ratio of 157.78 and a beta of 1.79. Imperva has a 1-year low of $37.17 and a 1-year high of $52.40.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its stake in Imperva by 24.2% during the third quarter. GSA Capital Partners LLP now owns 14,630 shares of the software maker’s stock worth $635,000 after purchasing an additional 2,846 shares during the period. Granahan Investment Management Inc. MA lifted its stake in Imperva by 8.0% during the third quarter. Granahan Investment Management Inc. MA now owns 43,580 shares of the software maker’s stock worth $1,891,000 after purchasing an additional 3,235 shares during the period. Alyeska Investment Group L.P. lifted its stake in Imperva by 89.3% during the third quarter. Alyeska Investment Group L.P. now owns 907,615 shares of the software maker’s stock worth $39,390,000 after purchasing an additional 428,163 shares during the period. OZ Management LP bought a new position in Imperva during the third quarter worth about $3,759,000. Finally, Allianz Asset Management GmbH lifted its stake in Imperva by 58.1% during the third quarter. Allianz Asset Management GmbH now owns 59,149 shares of the software maker’s stock worth $2,567,000 after purchasing an additional 21,732 shares during the period. Institutional investors and hedge funds own 96.93% of the company’s stock.
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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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