Is Imperva Inc (IMPV) Going To Burn These Hedge Funds?

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As aggregate interest increased, key money managers have jumped into Imperva Inc (NYSE:IMPV) headfirst. Eton Park Capital, led by Eric Mindich, assembled the largest position in Imperva Inc (NYSE:IMPV). Eton Park Capital had $44 million invested in the company at the end of the quarter. Matthew Halbower’s Pentwater Capital Management also made a $27.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Matthew Knauer and Mina Faltas’ Nokota Management, Carl Tiedemann and Michael Tiedemann’s TIG Advisors, and James Dinan’s York Capital Management.

Let’s also examine hedge fund activity in other stocks similar to Imperva Inc (NYSE:IMPV). We will take a look at Stag Industrial Inc (NYSE:STAG), Impax Laboratories Inc (NASDAQ:IPXL), Brady Corp (NYSE:BRC), and VeriFone Systems Inc (NYSE:PAY). This group of stocks’ market values resemble IMPV’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
STAG 6 60320 0
IPXL 16 313306 -2
BRC 18 224340 2
PAY 19 108683 -5

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $177 million. That figure was $490 million in IMPV’s case. VeriFone Systems Inc (NYSE:PAY) is the most popular stock in this table. On the other hand Stag Industrial Inc (NYSE:STAG) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Imperva Inc (NYSE:IMPV) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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Disclosure: None




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