Banque Cantonale Vaudoise Sells 2,897 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Banque Cantonale Vaudoise cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 25.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,677 shares of the technology company’s stock after selling 2,897 shares during the quarter. Banque Cantonale Vaudoise’s holdings in CyberArk Software were worth $2,530,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Greenleaf Trust raised its stake in shares of CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after purchasing an additional 49 shares during the last quarter. Austin Private Wealth LLC boosted its position in shares of CyberArk Software by 6.8% in the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after purchasing an additional 52 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC increased its position in CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after buying an additional 57 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 3.0 %

CyberArk Software stock opened at $315.00 on Wednesday. The company has a fifty day simple moving average of $285.98 and a 200-day simple moving average of $268.00. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 1,166.71 and a beta of 1.13. CyberArk Software Ltd. has a 52-week low of $186.96 and a 52-week high of $318.16.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.31) EPS. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Robert W. Baird raised their price target on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of CyberArk Software from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. UBS Group raised their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus increased their price objective on CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Profile

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. Its solutions include Privileged Access Manager, which offers risk-based credential 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.