Weatherly Asset Management L. P. Lowers Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Weatherly Asset Management L. P. reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,694 shares of the technology company’s stock after selling 1,520 shares during the period. CyberArk Software makes up 1.4% of Weatherly Asset Management L. P.’s portfolio, making the stock its 19th biggest position. Weatherly Asset Management L. P.’s holdings in CyberArk Software were worth $15,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CYBR. Swedbank AB purchased a new position in CyberArk Software in the first quarter worth about $109,466,000. 1832 Asset Management L.P. increased its position in shares of CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of CyberArk Software during the third quarter valued at approximately $82,485,000. Anomaly Capital Management LP purchased a new position in CyberArk Software in the 2nd quarter worth approximately $49,145,000. Finally, Clearbridge Investments LLC lifted its position in CyberArk Software by 250.0% in the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after acquiring an additional 160,269 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of CYBR opened at $276.16 on Friday. The firm has a market cap of $12.03 billion, a P/E ratio of -863.00 and a beta of 1.12. CyberArk Software Ltd. has a twelve month low of $167.13 and a twelve month high of $308.63. The firm’s 50 day moving average price is $282.28 and its two-hundred day moving average price is $263.37.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. During the same quarter last year, the firm earned ($0.58) EPS. CyberArk Software’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -1.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CYBR. Barclays upped their price target on CyberArk Software from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. DA Davidson raised their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. Cantor Fitzgerald boosted their price objective on shares of CyberArk Software from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday. Scotiabank initiated coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price on the stock. Finally, Jefferies Financial Group lifted their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $307.92.

CyberArk Software Company 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.