Imperva Inc (IMPV) Stake Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of Imperva Inc (NASDAQ:IMPV) by 50.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,564 shares of the software maker’s stock after selling 288,283 shares during the period. JPMorgan Chase & Co. owned approximately 0.82% of Imperva worth $12,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Imperva by 20.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,086 shares of the software maker’s stock valued at $307,000 after purchasing an additional 1,206 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Imperva by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 61,251 shares of the software maker’s stock worth $2,432,000 after acquiring an additional 1,381 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Imperva by 3.9% during the 1st quarter. Swiss National Bank now owns 50,139 shares of the software maker’s stock worth $2,171,000 after acquiring an additional 1,900 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Imperva by 21.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 15,301 shares of the software maker’s stock worth $607,000 after acquiring an additional 2,700 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Imperva by 2.2% during the 1st quarter. American Century Companies Inc. now owns 172,352 shares of the software maker’s stock worth $7,463,000 after acquiring an additional 3,650 shares during the last quarter.

Imperva opened at $51.70 on Thursday, MarketBeat.com reports. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -184.64 and a beta of 1.69. Imperva Inc has a twelve month low of $37.17 and a twelve month high of $53.95.

Imperva (NASDAQ:IMPV) last posted its quarterly earnings results on Thursday, April 26th. The software maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $84.24 million during the quarter, compared to the consensus estimate of $83.77 million. Imperva had a negative net margin of 3.00% and a negative return on equity of 1.63%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. equities analysts anticipate that Imperva Inc will post -0.61 EPS for the current fiscal year.

A number of analysts have recently issued reports on IMPV shares. DA Davidson started coverage on shares of Imperva in a report on Tuesday, April 10th. They set a “buy” rating and a $56.00 price objective for the company. Evercore ISI reaffirmed a “buy” rating and set a $56.00 price objective on shares of Imperva in a report on Friday, April 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Imperva in a report on Monday, April 23rd. BidaskClub raised shares of Imperva from a “hold” rating to a “buy” rating in a report on Tuesday, April 17th. Finally, Zacks Investment Research downgraded shares of Imperva from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.42.

About Imperva

Imperva, Inc engages in the development, market, sale, and support of cyber security solutions that protect business critical data and applications in the cloud or on premises worldwide. The company's SecureSphere product line provides database, file, and Web application security in various data centers, including on-premises data centers, as well as in private, public, and hybrid cloud computing environments.

Institutional Ownership by Quarter for Imperva (NASDAQ:IMPV)

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