Will Today’s DA Davidson Downgrade Ultimately Hurt The Stock Price of Imperva (NYSE:IMPV)?

July 27, 2018 - By Catherine Diaz

Imperva, Inc. (NASDAQ:IMPV) Logo

Investors sentiment increased to 1.82 in 2018 Q1. Its up 0.88, from 0.94 in 2017Q4. It is positive, as 14 investors sold Imperva, Inc. shares while 42 reduced holdings. 43 funds opened positions while 59 raised stakes. 30.52 million shares or 2.00% more from 29.92 million shares in 2017Q4 were reported.

Automobile Association owns 47,573 shares for 0.01% of their portfolio. Comml Bank Of Ny Mellon Corporation reported 148,888 shares stake. Fund Mgmt Sa reported 0% in Imperva, Inc. (NASDAQ:IMPV). Federated Investors Pa accumulated 26,719 shares or 0% of the stock. Credit Suisse Ag has 628,804 shares. Bancshares Of Montreal Can holds 26,677 shares or 0% of its portfolio. Moreover, Sei Invests has 0.02% invested in Imperva, Inc. (NASDAQ:IMPV) for 93,386 shares. Victory Cap accumulated 0% or 1,625 shares. Envestnet Asset Mgmt Inc owns 667 shares. 8,824 were accumulated by Renaissance Gru Ltd Limited Liability Company. Rothschild Asset Mngmt owns 502,092 shares or 0.24% of their US portfolio. Canada Pension Plan Investment Board invested in 0% or 600 shares. Moreover, Van Eck Assocs Corporation has 0% invested in Imperva, Inc. (NASDAQ:IMPV). Tudor Investment Corporation Et Al holds 0.06% of its portfolio in Imperva, Inc. (NASDAQ:IMPV) for 43,297 shares. Parametric Associates Ltd reported 12,144 shares stake.

Imperva (NYSE:IMPV) Receives a Downgrade

Equity analysts at DA Davidson’s equities division cut shares of Imperva (NYSE:IMPV) from a “Buy” to a “Neutral” rating today. Theses analysts currently have a target of $46 on IMPV equating to a -18.87 % downside.

Imperva, Inc. (NASDAQ:IMPV) Ratings Coverage

Among 7 analysts covering Imperva (NYSE:IMPV), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Imperva has $5600 highest and $39 lowest target. $52.20’s average target is -7.94% below currents $56.7 stock price. Imperva had 7 analyst reports since February 9, 2018 according to SRatingsIntel. DA Davidson initiated Imperva, Inc. (NASDAQ:IMPV) on Wednesday, April 11 with “Buy” rating. The firm has “Buy” rating given on Monday, April 23 by RBC Capital Markets. On Tuesday, July 10 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. PiperJaffray upgraded Imperva, Inc. (NASDAQ:IMPV) on Friday, February 9 to “Overweight” rating. The stock of Imperva, Inc. (NASDAQ:IMPV) has “Underweight” rating given on Friday, February 9 by Morgan Stanley. Stifel Nicolaus maintained it with “Hold” rating and $45.0 target in Thursday, February 8 report.

The stock increased 0.18% or $0.1 during the last trading session, reaching $56.7. About 332,364 shares traded or 11.72% up from the average. Imperva, Inc. (NYSE:IMPV) has declined 4.14% since July 27, 2017 and is downtrending. It has underperformed by 16.71% the S&P500.

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 has market cap of $1.97 billion. The companyÂ’s SecureSphere product line provides database, file, and Web application security in various data centers, including on-premise data centers, as well as private, public, and hybrid cloud computing environments. It currently has negative earnings. The Company’s SecureSphere product also secures business-critical applications and data; and provides an accelerated route to address regulatory compliance and establishes a repeatable process for data risk management.

More notable recent Imperva, Inc. (NASDAQ:IMPV) news were published by: Seekingalpha.com which released: “Proofpoint, Mimecast, And Imperva: Leaders Of Protecting My Email” on July 18, 2018, also Seekingalpha.com with their article: “Imperva (IMPV) Q2 2018 Results – Earnings Call Transcript” published on July 27, 2018, Businesswire.com published: “Imperva to Acquire DevOps Security Leader Prevoty” on July 26, 2018. More interesting news about Imperva, Inc. (NASDAQ:IMPV) were released by: Streetinsider.com and their article: “Imperva (IMPV) Announces Acquisition of Prevoty for $140M” published on July 26, 2018 as well as Benzinga.com‘s news article titled: “Investors Underappreciate Imperva’s Restructuring Efforts, Product Strategy, KeyBanc Says In Upgrade” with publication date: July 10, 2018.

Imperva, Inc. (NASDAQ:IMPV) Institutional Positions Chart

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