Imperva Inc (NASDAQ:IMPV) saw unusually-high trading volume on Friday following a better than expected earnings announcement. Approximately 2,138,319 shares traded hands during mid-day trading, an increase of 501% from the previous session’s volume of 355,933 shares.The stock last traded at $46.55 and had previously closed at $42.05.

The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $91.10 million during the quarter, compared to analysts’ expectations of $91.11 million. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis.

IMPV has been the subject of a number of research reports. Zacks Investment Research upgraded Imperva from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a report on Tuesday, October 24th. Morgan Stanley upped their price target on Imperva from $37.00 to $39.00 and gave the stock an “underweight” rating in a report on Friday. Piper Jaffray Companies cut Imperva from an “overweight” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Monday, October 16th. Royal Bank of Canada restated a “buy” rating and issued a $49.00 price target on shares of Imperva in a report on Wednesday, October 18th. Finally, BidaskClub upgraded Imperva from a “hold” rating to a “buy” rating in a report on Wednesday. Three 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 company. The stock presently has a consensus rating of “Hold” and an average price target of $52.93.

Several institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in shares of Imperva by 18.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,940 shares of the software maker’s stock valued at $141,000 after buying an additional 464 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Imperva by 5.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,614 shares of the software maker’s stock valued at $556,000 after buying an additional 581 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Imperva by 20.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 5,909 shares of the software maker’s stock valued at $283,000 after buying an additional 1,021 shares during the last quarter. Pier 88 Investment Partners LLC boosted its stake in shares of Imperva by 21.3% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 6,832 shares of the software maker’s stock valued at $297,000 after buying an additional 1,200 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Imperva by 3.4% during the 3rd quarter. New York State Common Retirement Fund now owns 37,000 shares of the software maker’s stock valued at $1,606,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 96.61% of the company’s stock.

The company has a market cap of $1,430.29, a P/E ratio of 68.46 and a beta of 1.79.

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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.

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