Imperva (IMPV) Upgraded to Hold by BidaskClub
BidaskClub upgraded shares of Imperva (NASDAQ:IMPV) from a sell rating to a hold rating in a research report released on Friday morning.
A number of other analysts have also commented on the company. JPMorgan Chase & Co. lowered Imperva from a neutral rating to an underweight rating and set a $45.00 target price for the company. in a research report on Tuesday, December 12th. Morgan Stanley reaffirmed an underweight rating and issued a $39.00 target price on shares of Imperva in a research report on Thursday, November 9th. Oppenheimer reaffirmed a buy rating and issued a $55.00 target price on shares of Imperva in a research report on Thursday, November 9th. Stifel Nicolaus reaffirmed a hold rating and issued a $47.00 target price (down from $50.00) on shares of Imperva in a research report on Thursday, November 9th. Finally, Evercore ISI reaffirmed a buy rating and issued a $56.00 target price on shares of Imperva in a research report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $51.86.
Imperva (NASDAQ:IMPV) traded down $0.50 during mid-day trading on Friday, hitting $42.10. The stock had a trading volume of 270,905 shares, compared to its average volume of 274,692. Imperva has a 1 year low of $37.17 and a 1 year high of $52.40. The company has a market cap of $1,448.99, a price-to-earnings ratio of 155.93 and a beta of 1.79.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased 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 worth $116,718,000 after purchasing an additional 99,799 shares in the last quarter. BlackRock Inc. increased 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 worth $101,635,000 after purchasing an additional 215,170 shares in the last quarter. Eagle Asset Management Inc. increased 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 worth $55,928,000 after purchasing an additional 14,803 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Imperva by 89.3% during the 3rd 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 in the last quarter. Finally, ETF Managers Group LLC bought a new stake in Imperva during the 2nd quarter worth approximately $41,888,000. 96.93% of the stock is owned by hedge funds and other institutional investors.
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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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