Elk Creek Partners LLC Lowers Position in Imperva Inc (IMPV)

Elk Creek Partners LLC trimmed its position in shares of Imperva Inc (NASDAQ:IMPV) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,200 shares of the software maker’s stock after selling 15,568 shares during the period. Elk Creek Partners LLC owned approximately 0.71% of Imperva worth $11,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in Imperva by 2.6% during the third quarter. Fisher Asset Management LLC now owns 134,000 shares of the software maker’s stock valued at $6,224,000 after acquiring an additional 3,337 shares during the period. Bank of Nova Scotia bought a new position in Imperva during the second quarter valued at about $3,329,000. Legal & General Group Plc increased its stake in Imperva by 27.9% during the second quarter. Legal & General Group Plc now owns 519,725 shares of the software maker’s stock valued at $25,077,000 after acquiring an additional 113,280 shares during the period. Granahan Investment Management Inc. MA increased its stake in Imperva by 5.7% during the second quarter. Granahan Investment Management Inc. MA now owns 44,961 shares of the software maker’s stock valued at $2,169,000 after acquiring an additional 2,425 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Imperva by 24.4% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 34,429 shares of the software maker’s stock valued at $1,599,000 after acquiring an additional 6,759 shares during the period. Hedge funds and other institutional investors own 94.41% of the company’s stock.

Several equities research analysts have recently weighed in on IMPV shares. JPMorgan Chase & Co. upgraded Imperva from an “underweight” rating to a “neutral” rating in a research note on Thursday, October 11th. BidaskClub upgraded Imperva from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. ValuEngine upgraded Imperva from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Morgan Stanley upgraded Imperva from an “underweight” rating to an “equal weight” rating and set a $56.00 price objective on the stock in a research note on Thursday, October 11th. Finally, Royal Bank of Canada lowered their price objective on Imperva to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, October 11th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.37.

Shares of IMPV opened at $55.81 on Friday. Imperva Inc has a one year low of $37.17 and a one year high of $57.65.

Imperva (NASDAQ:IMPV) last announced its earnings results on Wednesday, October 31st. The software maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.18 by $0.25. The business had revenue of $91.63 million for the quarter, compared to the consensus estimate of $89.24 million. Imperva had a negative return on equity of 5.62% and a negative net margin of 8.00%. On average, equities research analysts anticipate that Imperva Inc will post -1.06 EPS for the current year.

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Imperva Company Profile

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.

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Institutional Ownership by Quarter for Imperva (NASDAQ:IMPV)

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