Quantinno Capital Management LP increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) rose 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The company owned 1,553 shares of the technology company, having purchased an additional 73 shares during the period. Quantinno Capital Management LP’s stake in CyberArk Software was worth $453,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently changed their holdings of CYBR. Wealth Enhancement Advisory Services LLC grew its stake in CyberArk Software by 11.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the technology company’s stock worth $602,000 after acquiring an additional 223 shares during the last quarter. ORG Partners LLC acquired a new position in shares of CyberArk Software during the second quarter worth $33,000. Assenagon Asset Management SA strengthened its position in CyberArk Software shares by 13.1% in the second quarter. Assenagon Asset Management SA now owns 1,682 shares of the technology company’s stock worth $460,000, after purchasing an additional 195 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in CyberArk Software shares by 35.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,920 shares of the technology company’s stock worth $1,619,000 after purchasing an additional 1,553 shares during the period. Finally, 1620 bought Investment Advisors Inc. a new stake in CyberArk Software worth approximately $39,000 in the second quarter. Institutional investors own 91.84% of the company’s shares.
Analyst upgrades and downgrades
A number of stock analysts have issued reports on CYBR stock. Royal Bank of Canada lifted their price target on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a report on Thursday, November 14. Oppenheimer lifted their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22. Jefferies Financial Group raised their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24. Barclays raised their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14. Finally, UBS Group raised their price objective on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14. One investment analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus target price of $333.00.
Read our latest report on CyberArk software
CyberArk Software Stock Performance
CYBR opened at $313.36 on Friday. The company’s 50-day simple moving average is $302.84 and its 200-day simple moving average is $278.70. CyberArk Software Ltd. has a 52-week low of $198.01 and a 52-week high of $333.32. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last reported its quarterly earnings data on Wednesday, November 13. The technology company reported $0.94 earnings per share for the quarter, beating analyst consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s revenue increased by 25.6% compared to the same quarter last year. During the same quarter of the previous year, the company posted earnings per share ($0.31). On average, research analysts predict that CyberArk Software Ltd. will post an earnings per share of -0.58 for the current year.
About CyberArk Software
(Free report)
CyberArk Software Ltd. together with its subsidiaries, develops, markets and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa and internationally. The solutions include Privileged Access Manager, which provides risk-based login security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.
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