State Street Corp Raises Stake in Imperva Inc (IMPV)

State Street Corp lifted its holdings in shares of Imperva Inc (NYSE:IMPV) by 13.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 606,259 shares of the software maker’s stock after purchasing an additional 73,726 shares during the quarter. State Street Corp owned about 1.79% of Imperva worth $29,008,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Imperva by 0.8% during the second quarter. Van ECK Associates Corp now owns 8,346 shares of the software maker’s stock worth $399,000 after purchasing an additional 64 shares in the last quarter. Comerica Bank lifted its position in shares of Imperva by 0.8% during the second quarter. Comerica Bank now owns 19,707 shares of the software maker’s stock worth $978,000 after purchasing an additional 157 shares in the last quarter. Aperio Group LLC lifted its position in shares of Imperva by 8.1% during the second quarter. Aperio Group LLC now owns 7,114 shares of the software maker’s stock worth $340,000 after purchasing an additional 531 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Imperva by 5.3% during the second quarter. Parametric Portfolio Associates LLC now owns 11,614 shares of the software maker’s stock worth $556,000 after purchasing an additional 581 shares in the last quarter. Finally, Smith Asset Management Group LP lifted its position in shares of Imperva by 0.8% during the second quarter. Smith Asset Management Group LP now owns 81,295 shares of the software maker’s stock worth $3,890,000 after purchasing an additional 610 shares in the last quarter. 92.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Anthony J. Bettencourt sold 99,598 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 99,598 shares in the company, valued at $4,341,476.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

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Shares of Imperva Inc (NYSE IMPV) opened at $41.20 on Friday. Imperva Inc has a 1-year low of $35.45 and a 1-year high of $52.40.

Imperva (NYSE:IMPV) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. Imperva had a negative net margin of 4.69% and a negative return on equity of 5.00%. The company had revenue of $83.89 million for the quarter, compared to analysts’ expectations of $83.79 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis.

Several analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $55.00 target price on shares of Imperva in a report on Thursday. Evercore ISI set a $56.00 target price on shares of Imperva and gave the company a “buy” rating in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 target price (down previously from $50.00) on shares of Imperva in a report on Thursday. Zacks Investment Research cut shares of Imperva from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $39.00 target price on shares of Imperva in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Imperva currently has a consensus rating of “Hold” and an average target price of $52.38.

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.

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Institutional Ownership by Quarter for Imperva (NYSE:IMPV)

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