Y Intercept Hong Kong Ltd Sells 5,074 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Y Intercept Hong Kong Ltd lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 70.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,139 shares of the technology company’s stock after selling 5,074 shares during the period. Y Intercept Hong Kong Ltd’s holdings in CyberArk Software were worth $624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. 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 worth $353,386,000 after purchasing an additional 9,570 shares in the last quarter. RGM Capital LLC raised its stake in CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after acquiring an additional 16,530 shares during the period. Whale Rock Capital Management LLC raised its stake in CyberArk Software by 3.3% in the 3rd 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 during the period. Swedbank AB raised its stake in CyberArk Software by 11.1% in the 3rd 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 bought a new stake in CyberArk Software in the 3rd quarter valued at $82,485,000. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CYBR. Canaccord Genuity Group increased their price target on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Jefferies Financial Group increased their price target on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Oppenheimer upped their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Scotiabank initiated coverage on CyberArk Software in a report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price objective on the stock. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $333.00.

CyberArk Software Stock Down 2.5 %

NASDAQ:CYBR opened at $313.36 on Friday. The stock’s 50-day simple moving average is $302.84 and its 200 day simple moving average is $278.70. The firm has a market capitalization of $13.65 billion, a PE ratio of 1,160.64 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $198.01 and a twelve month high of $333.32.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates 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 last year, the firm posted ($0.31) earnings per share. On average, analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal 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.