CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,271 shares of the technology company’s stock after selling 1,709 shares during the quarter. iA Global Asset Management Inc. owned 0.06% of CyberArk Software worth $7,369,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Jennison Associates LLC raised its stake in shares of CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares during the last quarter. RGM Capital LLC grew its holdings in CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after acquiring an additional 16,530 shares during the period. Whale Rock Capital Management LLC raised its position in CyberArk Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock valued at $134,422,000 after acquiring an additional 14,927 shares in the last quarter. Swedbank AB lifted its holdings in CyberArk Software by 11.1% in the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after acquiring an additional 45,799 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in CyberArk Software in the 3rd quarter worth approximately $82,485,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $323.22 on Friday. The stock has a 50 day moving average price of $299.12 and a 200 day moving average price of $276.01. The stock has a market cap of $14.08 billion, a PE ratio of 1,197.16 and a beta of 1.13. CyberArk Software Ltd. has a one year low of $198.01 and a one year high of $333.32.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping 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 business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CYBR shares. Barclays lifted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. Scotiabank started coverage on CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock. Royal Bank of Canada upped 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 14th. Finally, Stifel Nicolaus boosted their price objective on CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $328.37.

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.