J P Morgan Chase & Co Lowers Imperva (IMPV) to Underweight

Imperva (NASDAQ:IMPV) was downgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report issued on Tuesday.

Other equities research analysts also recently issued research reports about the company. Evercore ISI set a $56.00 target price on Imperva and gave the stock a “buy” rating in a report on Thursday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and set a $49.00 target price on shares of Imperva in a report on Wednesday, October 18th. Piper Jaffray Companies set a $58.00 target price on Imperva and gave the stock a “buy” rating in a report on Monday, August 28th. Oppenheimer reaffirmed a “buy” rating and set a $55.00 target price on shares of Imperva in a report on Thursday, November 9th. Finally, Zacks Investment Research downgraded Imperva from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $52.38.

Shares of Imperva (NASDAQ IMPV) opened at $41.85 on Tuesday. Imperva has a twelve month low of $35.80 and a twelve month 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, topping the Zacks’ consensus estimate of $0.22 by $0.11. Imperva had a negative return on equity of 8.52% and a net margin of 3.04%. The firm had revenue of $83.89 million during the quarter, compared to the consensus estimate of $83.79 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. equities research analysts anticipate that Imperva will post -0.52 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 99,799 shares during the period. BlackRock Inc. raised its stake in shares of 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 buying an additional 215,170 shares during the period. Eagle Asset Management Inc. raised its stake in shares of 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 buying an additional 14,803 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of 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 buying an additional 428,163 shares during the period. Finally, ETF Managers Group LLC acquired a new position in shares of Imperva during the 2nd quarter worth approximately $41,888,000. 96.95% of the stock is owned by institutional investors.

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About Imperva

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.

Analyst Recommendations for Imperva (NASDAQ:IMPV)

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