Imperva’s (NYSE:IMPV) “Buy” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their buy rating on shares of Imperva Inc (NYSE:IMPV) in a research report released on Wednesday, October 18th. The brokerage currently has a $49.00 target price on the software maker’s stock.

Other equities research analysts have also recently issued research reports about the stock. 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 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 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 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 price target on shares of Imperva in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $51.23.

Imperva (NYSE:IMPV) traded down 1.07% during midday trading on Wednesday, hitting $41.75. The stock had a trading volume of 410,521 shares. The stock has a 50-day moving average of $43.56 and a 200-day moving average of $45.92. Imperva has a 52 week low of $34.40 and a 52 week high of $52.40. The firm’s market cap is $1.41 billion.

Imperva (NYSE:IMPV) last issued its earnings results on Thursday, July 27th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.15). Imperva had a negative net margin of 4.69% and a negative return on equity of 5.00%. The business had revenue of $74.44 million for the quarter, compared to the consensus estimate of $74.30 million. During the same period in the previous year, the firm earned ($0.23) EPS. The company’s revenue was up 28.6% compared to the same quarter last year. Analysts forecast that Imperva will post $0.85 EPS for the current fiscal year.

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In other Imperva news, Director Anthony J. Bettencourt sold 99,598 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 99,598 shares in the company, valued at $4,341,476.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. bought a new position in shares of Imperva during the first quarter valued at about $102,000. First Quadrant L P CA bought a new position in shares of Imperva during the third quarter valued at about $136,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Imperva by 26.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,177 shares of the software maker’s stock valued at $201,000 after acquiring an additional 866 shares during the last quarter. Amalgamated Bank bought a new position in shares of Imperva during the second quarter valued at about $206,000. Finally, Principal Financial Group Inc. bought a new position in shares of Imperva during the second quarter valued at about $223,000. Institutional investors and hedge funds own 92.72% of the company’s stock.

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.

Analyst Recommendations for Imperva (NYSE:IMPV)

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