iA Global Asset Management Inc. Trims Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

iA Global Asset Management Inc. trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,271 shares of the technology company's stock after selling 1,709 shares during the period. iA Global Asset Management Inc. owned approximately 0.06% of CyberArk Software worth $7,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of CyberArk Software in the third quarter worth about $82,485,000. Anomaly Capital Management LP purchased a new stake in CyberArk Software in the 2nd quarter worth approximately $49,145,000. Clearbridge Investments LLC boosted its holdings 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 purchasing an additional 160,269 shares during the period. Hood River Capital Management LLC boosted its holdings in CyberArk Software by 59.2% in the 2nd quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company's stock valued at $61,132,000 after purchasing an additional 83,172 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of CyberArk Software by 89.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company's stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

CYBR traded down $4.35 during trading on Friday, hitting $323.22. 834,311 shares of the stock traded hands, compared to its average volume of 518,996. The firm has a market capitalization of $14.08 billion, a P/E ratio of 1,197.11 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $198.01 and a 12-month high of $333.32. The firm has a 50-day moving average of $299.12 and a 200 day moving average of $276.01.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the business posted ($0.31) earnings per share. CyberArk Software's revenue for the quarter was up 25.6% on a year-over-year basis. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. KeyCorp raised their price target on CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Robert W. Baird boosted their price objective on CyberArk Software from $315.00 to $355.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Stifel Nicolaus upped their price objective on shares of CyberArk Software from $306.00 to $335.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, UBS Group lifted their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.