CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,162 shares of the technology company’s stock after selling 600 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in CyberArk Software were worth $922,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of CyberArk Software by 715.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock worth $14,946,000 after acquiring an additional 49,360 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in CyberArk Software in the second quarter valued at $711,000. Sycomore Asset Management increased its stake in CyberArk Software by 36.6% in the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock valued at $15,973,000 after purchasing an additional 16,294 shares during the last quarter. California State Teachers Retirement System increased its stake in CyberArk Software by 11.1% in the first quarter. California State Teachers Retirement System now owns 37,875 shares of the technology company’s stock valued at $10,061,000 after purchasing an additional 3,782 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in CyberArk Software by 527.2% in the first quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company’s stock valued at $3,042,000 after purchasing an additional 9,626 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CYBR. DA Davidson upped their target price on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Susquehanna upped their target price on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Barclays upped their target price on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Rosenblatt Securities restated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Tuesday, August 6th. Finally, UBS Group upped their price target on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Down 2.8 %

Shares of NASDAQ CYBR opened at $318.78 on Friday. The stock’s 50 day moving average price is $294.26 and its two-hundred day moving average price is $272.40. CyberArk Software Ltd. has a 52-week low of $192.57 and a 52-week high of $332.05. The stock has a market capitalization of $13.89 billion, a P/E ratio of 1,180.71 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software Ltd. will post -0.62 EPS for the current year.

About CyberArk Software

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.