American Capital Management Inc. Sells 14,152 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

American Capital Management Inc. trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 783,936 shares of the technology company's stock after selling 14,152 shares during the quarter. CyberArk Software makes up approximately 7.5% of American Capital Management Inc.'s investment portfolio, making the stock its 2nd largest position. American Capital Management Inc. owned about 1.80% of CyberArk Software worth $228,604,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of CyberArk Software by 715.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company's stock worth $14,946,000 after buying an additional 49,360 shares in the last quarter. Ensign Peak Advisors Inc purchased a new stake in CyberArk Software during the 2nd quarter valued at about $711,000. Sycomore Asset Management grew its stake in CyberArk Software by 36.6% during the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock valued at $15,973,000 after acquiring an additional 16,294 shares in the last quarter. California State Teachers Retirement System raised its holdings in CyberArk Software by 11.1% in the 1st quarter. California State Teachers Retirement System now owns 37,875 shares of the technology company's stock valued at $10,061,000 after acquiring an additional 3,782 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in CyberArk Software by 527.2% in the 1st quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company's stock worth $3,042,000 after purchasing an additional 9,626 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Up 1.5 %

CYBR stock traded up $4.73 during midday trading on Friday, hitting $323.51. The company's stock had a trading volume of 206,705 shares, compared to its average volume of 529,070. CyberArk Software Ltd. has a 52-week low of $193.91 and a 52-week high of $332.05. The firm has a 50-day simple moving average of $295.12 and a 200-day simple moving average of $273.47. The firm has a market capitalization of $14.10 billion, a P/E ratio of 1,198.23 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the business posted ($0.31) earnings per share. CyberArk Software's revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CYBR. Barclays upped their price target on CyberArk Software from $330.00 to $335.00 and gave the company an "overweight" rating in a research report 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 report on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on shares of CyberArk Software from $328.00 to $358.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Robert W. Baird upped their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Mizuho raised their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.