CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,506 shares of the technology company’s stock after selling 1,113 shares during the period. Advisors Asset Management Inc.’s holdings in CyberArk Software were worth $3,355,000 as of its most recent filing with the SEC.

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

CyberArk Software Stock Performance

NASDAQ CYBR opened at $319.73 on Friday. CyberArk Software Ltd. has a 1 year low of $191.25 and a 1 year high of $332.05. The business’s fifty day moving average is $289.21 and its two-hundred day moving average is $269.38. The stock has a market capitalization of $13.93 billion, a P/E ratio of 1,219.07 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.31) earnings per share. On average, research analysts forecast that CyberArk Software Ltd. will post -0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

CYBR has been the subject of several research reports. Oppenheimer lifted their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. KeyCorp increased their price target on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. DA Davidson raised their price target on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Mizuho upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, BTIG Research raised their target price on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.