Simplex Trading Lowers stake in Imperva Inc (IMPV)

Imperva Inc (IMPV) : Simplex Trading reduced its stake in Imperva Inc by 25.29% during the most recent quarter end. The investment management company now holds a total of 17,018 shares of Imperva Inc which is valued at $894,636 after selling 5,762 shares in Imperva Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Imperva Inc makes up approximately 0.12% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in IMPV during the most recent quarter. The investment firm sold 4,100 shares of IMPV which is valued $215,537.Bnp Paribas Arbitrage Sa boosted its stake in IMPV in the latest quarter, The investment management firm added 1,232 additional shares and now holds a total of 3,169 shares of Imperva Inc which is valued at $171,823.

Imperva Inc closed down -0.68 points or -1.28% at $52.57 with 12,51,460 shares getting traded on Friday. Post opening the session at $53.25, the shares hit an intraday low of $51.5 and an intraday high of $53.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Imperva Inc reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.21. The company had revenue of $57.87 million for the quarter, compared to analysts expectations of $57.75 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Imperva Inc. Imperva Inc was Downgraded by Buckingham Research to ” Neutral” on Sep 29, 2016. Imperva Inc was Downgraded by Nomura to ” Neutral” on Sep 26, 2016. Wunderlich Resumed Imperva Inc on Sep 13, 2016 to “Hold”, Price Target of the shares are set at $50.

Imperva Inc. provides cyber-security solutions that protect business-critical data and applications. The Company’s suite of cyber-security offerings enables organizations to discover data and application assets and vulnerabilities to protect information. Its Imperva SecureSphere platform provides database file and Web application security across various physical and virtual systems in data centers. Its Imperva Incapsula product line provides cloud-based Website security denial of service protection and performance solutions. Its Imperva Skyfence product line provides visibility into and control over cloud and Software-as-a-Service applications including shadow information technology. In addition all of its cloud offerings protect against the threats created as the enterprises shift to deploying their applications and storing their data in the cloud. Its SecureSphere product line secures business-critical applications and data from hackers and malicious insiders.

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