Shares of Imperva Inc (NASDAQ:IMPV) saw strong trading volume on Thursday . 475,808 shares were traded during trading, an increase of 19% from the previous session’s volume of 399,651 shares.The stock last traded at $55.31 and had previously closed at $55.11.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Imperva from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Friday. JPMorgan Chase & Co. raised shares of Imperva from an “underweight” rating to a “neutral” rating in a report on Thursday. DA Davidson set a $56.00 price target on shares of Imperva and gave the company a “hold” rating in a report on Thursday. Evercore ISI reissued a “hold” rating and set a $55.75 price target on shares of Imperva in a report on Thursday. Finally, Macquarie downgraded shares of Imperva from an “outperform” rating to a “neutral” rating and set a $55.00 price target for the company. in a report on Thursday. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $56.37.
The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -197.71 and a beta of 1.72.
Imperva (NASDAQ:IMPV) last announced its earnings results on Thursday, July 26th. The software maker reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.07. Imperva had a negative net margin of 8.59% and a negative return on equity of 6.92%. The company had revenue of $84.80 million during the quarter, compared to the consensus estimate of $87.22 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. On average, research analysts predict that Imperva Inc will post -1.15 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in shares of Imperva by 21.1% in the third quarter. Bank of Montreal Can now owns 41,778 shares of the software maker’s stock worth $1,940,000 after acquiring an additional 7,268 shares during the last quarter. United Services Automobile Association raised its stake in shares of Imperva by 5.0% in the second quarter. United Services Automobile Association now owns 49,973 shares of the software maker’s stock worth $2,411,000 after acquiring an additional 2,400 shares during the last quarter. Northern Trust Corp raised its stake in shares of Imperva by 4.6% in the second quarter. Northern Trust Corp now owns 433,433 shares of the software maker’s stock worth $20,913,000 after acquiring an additional 19,224 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Imperva by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 159,349 shares of the software maker’s stock worth $7,689,000 after buying an additional 10,461 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in shares of Imperva during the 2nd quarter worth approximately $3,329,000. 99.99% of the stock is owned by institutional investors.
About Imperva (NASDAQ:IMPV)
Imperva, Inc engages in the development, market, sale, and support of cyber security solutions that protect business critical data and applications in the cloud or on premises worldwide. The company's SecureSphere product line provides database, file, and Web application security in various data centers, including on-premises data centers, as well as in private, public, and hybrid cloud computing environments.
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