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Franklin Resources Inc. Sells 91,861 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

CyberArk Software logo with Computer and Technology background

Franklin Resources Inc. decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473,260 shares of the technology company's stock after selling 91,861 shares during the period. Franklin Resources Inc. owned about 1.09% of CyberArk Software worth $139,361,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CYBR. Wealth Enhancement Advisory Services LLC boosted its position in shares of CyberArk Software by 11.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the technology company's stock valued at $602,000 after acquiring an additional 223 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in CyberArk Software by 13.1% during the second quarter. Assenagon Asset Management S.A. now owns 1,682 shares of the technology company's stock valued at $460,000 after purchasing an additional 195 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of CyberArk Software by 35.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 5,920 shares of the technology company's stock valued at $1,619,000 after purchasing an additional 1,553 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software in the 2nd quarter worth approximately $39,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of CyberArk Software by 30.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,588 shares of the technology company's stock worth $2,622,000 after buying an additional 2,243 shares during the period. Institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Canaccord Genuity Group increased their price objective on CyberArk Software from $310.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Jefferies Financial Group upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Truist Financial reissued a "buy" rating and set a $350.00 price target (up from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Wells Fargo & Company upped their price objective on shares of CyberArk Software from $300.00 to $350.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Finally, BTIG Research raised their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, CyberArk Software currently has an average rating of "Moderate Buy" and a consensus price target of $334.56.

Read Our Latest Stock Analysis on CYBR

CyberArk Software Stock Up 1.9 %

CyberArk Software stock traded up $5.80 during midday trading on Monday, hitting $319.16. 436,814 shares of the stock were exchanged, compared to its average volume of 517,389. The company has a fifty day simple moving average of $302.84 and a two-hundred day simple moving average of $279.02. CyberArk Software Ltd. has a 52 week low of $205.59 and a 52 week high of $333.32. The stock has a market capitalization of $13.91 billion, a PE ratio of 1,179.44 and a beta of 1.13.

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

CyberArk Software Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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