BidaskClub upgraded shares of Imperva (NASDAQ:IMPV) from a hold rating to a buy rating in a report issued on Wednesday morning.

Several other equities analysts have also recently weighed in on IMPV. William Blair cut shares of Imperva from an outperform rating to a market perform rating in a research note on Tuesday, October 10th. Imperial Capital lowered their price objective on shares of Imperva from $57.00 to $50.00 and set an outperform rating on the stock in a research note on Tuesday, October 10th. Piper Jaffray Companies reiterated a neutral rating and issued a $58.00 price objective on shares of Imperva in a research note on Friday, October 13th. Royal Bank of Canada reiterated a buy rating and issued a $49.00 price objective on shares of Imperva in a research note on Wednesday, October 18th. Finally, Evercore ISI set a $56.00 price objective on shares of Imperva and gave the stock a buy rating in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $52.93.

Shares of Imperva (NASDAQ:IMPV) opened at $46.55 on Wednesday. The stock has a market cap of $1,430.29, a PE ratio of 68.46 and a beta of 1.79. Imperva has a 1-year low of $37.17 and a 1-year high of $52.40.

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 analysts’ consensus estimates of $0.27 by $0.13. The firm had revenue of $91.10 million for the quarter, compared to the consensus estimate of $91.11 million. Imperva had a net margin of 7.11% and a negative return on equity of 3.37%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. analysts predict that Imperva will post -0.82 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMPV. Schwab Charles Investment Management Inc. raised its stake in Imperva by 10.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 131,762 shares of the software maker’s stock worth $6,305,000 after acquiring an additional 12,287 shares during the period. Principal Financial Group Inc. bought a new stake in Imperva during the 2nd quarter worth approximately $223,000. Alliancebernstein L.P. raised its stake in Imperva by 16.9% during the 2nd quarter. Alliancebernstein L.P. now owns 55,950 shares of the software maker’s stock worth $2,677,000 after acquiring an additional 8,100 shares during the period. Teachers Advisors LLC raised its stake in Imperva by 24.5% during the 2nd quarter. Teachers Advisors LLC now owns 60,378 shares of the software maker’s stock worth $2,889,000 after acquiring an additional 11,896 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Imperva by 13.8% during the 2nd quarter. Nationwide Fund Advisors now owns 19,007 shares of the software maker’s stock worth $909,000 after acquiring an additional 2,305 shares during the period. Institutional investors own 96.61% of the company’s stock.

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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.

Analyst Recommendations for Imperva (NASDAQ:IMPV)

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