Schwab Charles Investment Management Inc. lifted its stake in Imperva Inc (NYSE:IMPV) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,762 shares of the software maker’s stock after acquiring an additional 12,287 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.39% of Imperva worth $6,305,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in IMPV. Clearbridge Investments LLC grew its stake in shares of Imperva by 47.0% in the first quarter. Clearbridge Investments LLC now owns 1,262,507 shares of the software maker’s stock worth $51,826,000 after acquiring an additional 403,809 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Imperva in the first quarter worth approximately $7,192,000. Bank of Nova Scotia bought a new stake in shares of Imperva in the first quarter worth approximately $7,184,000. Ionic Capital Management LLC bought a new stake in shares of Imperva in the first quarter worth approximately $6,460,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Imperva in the second quarter worth approximately $5,330,000. Hedge funds and other institutional investors own 92.72% of the company’s stock.
Several analysts recently issued reports on IMPV shares. Monness Crespi & Hardt boosted their target price on shares of Imperva from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Evercore ISI set a $56.00 target price on shares of Imperva and gave the company a “buy” rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $58.00 target price on shares of Imperva and gave the company a “buy” rating in a research report on Monday, August 28th. BidaskClub lowered shares of Imperva from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Stifel Nicolaus restated a “hold” rating and set a $47.00 target price on shares of Imperva in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Imperva has an average rating of “Hold” and an average price target of $52.34.
In other Imperva news, Director Anthony J. Bettencourt sold 99,598 shares of Imperva stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $43.59, for a total transaction of $4,341,476.82. Following the sale, the director now owns 99,598 shares of the company’s stock, valued at approximately $4,341,476.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.
Shares of Imperva Inc (NYSE IMPV) opened at 42.95 on Wednesday. Imperva Inc has a 1-year low of $34.40 and a 1-year high of $57.24. The company’s 50-day moving average is $44.09 and its 200-day moving average is $45.85. The stock’s market cap is $1.45 billion.
Imperva (NYSE:IMPV) last announced its earnings results on Thursday, July 27th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.15). Imperva had a negative return on equity of 5.00% and a negative net margin of 4.69%. The business had revenue of $74.44 million for the quarter, compared to analyst estimates of $74.30 million. During the same period last year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. Equities analysts expect that Imperva Inc will post $0.81 EPS for the current fiscal year.
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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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