Vinva Investment Management Ltd Lowers Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Vinva Investment Management Ltd trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 21.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,293 shares of the technology company’s stock after selling 1,147 shares during the quarter. Vinva Investment Management Ltd’s holdings in CyberArk Software were worth $1,214,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CYBR. Mather Group LLC. purchased a new stake in shares of CyberArk Software during the 2nd quarter worth $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter worth $33,000. Assetmark Inc. lifted its stake in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software during the 2nd quarter worth $39,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the 3rd quarter worth $51,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group upped their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Oppenheimer upped their target price on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Wells Fargo & Company upped their target price on CyberArk Software from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, 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 report on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Up 1.5 %

CyberArk Software stock opened at $323.51 on Friday. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 1,198.23 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $193.91 and a 52 week high of $332.05. The business’s 50-day moving average price is $295.12 and its 200 day moving average price is $273.02.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for 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 for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.31) earnings per share. Equities analysts expect that CyberArk Software Ltd. will post -0.62 EPS for the current year.

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.