Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Imperva Inc (NASDAQ:IMPV) by 181.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,100 shares of the software maker’s stock after buying an additional 26,500 shares during the quarter. Tokio Marine Asset Management Co. Ltd. owned about 0.12% of Imperva worth $1,632,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted 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 purchasing an additional 99,799 shares during the period. BlackRock Inc. lifted 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 purchasing an additional 215,170 shares during the period. Eagle Asset Management Inc. lifted 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 purchasing an additional 14,803 shares during the period. Alyeska Investment Group L.P. lifted 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 purchasing an additional 428,163 shares during the period. Finally, Emerald Advisers Inc. PA lifted its stake in shares of Imperva by 15.8% during the 3rd quarter. Emerald Advisers Inc. PA now owns 657,005 shares of the software maker’s stock worth $28,514,000 after purchasing an additional 89,463 shares during the period. Hedge funds and other institutional investors own 93.61% of the company’s stock.
A number of brokerages have weighed in on IMPV. Imperial Capital increased their price target on Imperva from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Morgan Stanley increased their price target on Imperva from $37.00 to $39.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Evercore ISI set a $56.00 price target on Imperva and gave the stock a “buy” rating in a research note on Friday, February 9th. Piper Jaffray Companies raised Imperva from a “neutral” rating to an “overweight” rating and set a $52.00 target price on the stock in a research report on Friday, February 9th. Finally, BidaskClub raised Imperva from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $52.93.
Imperva (NASDAQ:IMPV) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.13. Imperva had a negative return on equity of 3.37% and a net margin of 7.11%. The firm had revenue of $91.10 million during the quarter, compared to the consensus estimate of $91.11 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. equities research analysts expect that Imperva Inc will post -0.82 earnings per share for the current year.
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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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