Hedge Funds Are Buying Imperva Inc (IMPV)

Page 1 of 2

Imperva Inc (NYSE:IMPV) was in 10 hedge funds’ portfolio at the end of March. IMPV has seen an increase in hedge fund sentiment of late. There were 9 hedge funds in our database with IMPV positions at the end of the previous quarter.

In the 21st century investor’s toolkit, there are a multitude of gauges market participants can use to watch their holdings. A pair of the most useful are hedge fund and insider trading movement. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top money managers can beat the market by a solid margin (see just how much).

Just as integral, bullish insider trading sentiment is a second way to break down the world of equities. Just as you’d expect, there are lots of reasons for an executive to cut shares of his or her company, but just one, very clear reason why they would initiate a purchase. Plenty of academic studies have demonstrated the valuable potential of this strategy if piggybackers understand where to look (learn more here).

Keeping this in mind, we’re going to take a look at the recent action regarding Imperva Inc (NYSE:IMPV).

Hedge fund activity in Imperva Inc (NYSE:IMPV)

At Q1′s end, a total of 10 of the hedge funds we track were bullish in this stock, a change of 11% from the previous quarter. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were increasing their stakes significantly.

Imperva Inc (NYSE:IMPV)When looking at the hedgies we track, Alkeon Capital Management, managed by Panayotis Takis Sparaggis, holds the biggest position in Imperva Inc (NYSE:IMPV). Alkeon Capital Management has a $31.4 million position in the stock, comprising 0.7% of its 13F portfolio. Coming in second is Andor Capital Management, managed by Daniel Benton, which held a $13.5 million position; 1.7% of its 13F portfolio is allocated to the company. Remaining hedge funds with similar optimism include Brian Ashford-Russell and Tim Woolley’s Polar Capital, Richard Driehaus’s Driehaus Capital and Philip Hempleman’s Ardsley Partners.

Consequently, key money managers have been driving this bullishness. Ardsley Partners, managed by Philip Hempleman, initiated the most outsized position in Imperva Inc (NYSE:IMPV). Ardsley Partners had 5.9 million invested in the company at the end of the quarter. Mark Broach’s Manatuck Hill Partners also initiated a $4.1 million position during the quarter. The only other fund with a new position in the stock is Jim Simons’s Renaissance Technologies.

How have insiders been trading Imperva Inc (NYSE:IMPV)?

Insider purchases made by high-level executives is particularly usable when the company in focus has seen transactions within the past 180 days. Over the latest six-month time frame, Imperva Inc (NYSE:IMPV) has experienced zero unique insiders buying, and 11 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Imperva Inc (NYSE:IMPV). These stocks are Lifelock Inc (NYSE:LOCK), FleetMatics Group PLC (NYSE:FLTX), Monotype Imaging Holdings Inc. (NASDAQ:TYPE), Jive Software Inc (NASDAQ:JIVE), and Insight Enterprises, Inc. (NASDAQ:NSIT). All of these stocks are in the application software industry and their market caps match IMPV’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

The 15 Most Murderous Countries in the World

10 Largest Colleges in the World: Bigger Isn’t Always Better

Comedians in Cars Getting Coffee: The 6 Comedians Seinfeld Needs to Interview

Easy Money: The 10 Most Successful Investors in the World Today

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!