Russell Investments Group Ltd has purchased 8,500 stocks of Imperva Inc (NYSE:$IMPV). This increases Russell’s stake by 1,235.5% in the second quarter. They now own 9,188 and are worth roughly $440,000 as of the purchases disclosure.

IMPV is a cyber-security company that focuses on providing businesses with security for their critical data on both local and cloud-based storage systems. They provide development, marketing, sales, service, and support for cyber-security. They boast products such as the Imperva CoutnerBreach, Camouflage, and the SecureSphere Platform.

IMPV has been noted by several brokerages;

• On June 6, UBS AG began coverage of the stock with a ‘Positive’ rating and a $60.00 Price Target.
• On June 7, Susquehanna Bancshares Inc started their coverage of Imperva, with a ‘Positive’ rating and a Target Price of $60.00.
• On July 13, Stephens reiterated ‘Overweight’ rating with a $61.00 Price Target.
• On July 14, Stifel Nicolaus reiterated a ‘Hold’ rating with a Target Price of $47.00.
• On July 25, BidaskCub downgraded the stock’s rating from ‘Buy’ to ‘Hold’.

In total, 13 analysts have issued a ‘Buy’ rating, 7 have issued a ‘Hold’ rating, 1 has rated it a ‘Strong-Buy’, and 1 has rated it as ‘Sell’. The average target price is $52.97.

On Thursday, shares of IMPV traded down, reaching $44.40 with 49,930 shares changing hands. The company has a 50 and 200-day Moving Average of $44.17 and $45.59. They have a 1 year high of $57.24 and a 1 year low of $34.40. Their Market Cap is currently $1.5 billion.

Russell is not the only institution trading in IMPV;

• During the first quarter, Ameritas Investment Partners Inc bought a new position in the company worth about $201,000.
• US Bancorp DE (NYSE:$USB) increased its position by 142.3% in the first quarter, now owning a total of 5,386 shares worth approximately $221,000.
• Jane Street Group LLC bought a new position at IMPV in the first quarter worth $224,000.
• Trexquant Investment LP bought a new position in the first quarter worth $242,000.

Institutions own the majority of the company, at 92.72%

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