Invesco Ltd. Reduces Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Invesco Ltd. reduced its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 31.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,007,471 shares of the technology company's stock after selling 472,683 shares during the period. Invesco Ltd. owned about 2.31% of CyberArk Software worth $335,639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CYBR. HighTower Advisors LLC raised its position in shares of CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock valued at $4,212,000 after buying an additional 2,062 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in CyberArk Software in the 3rd quarter worth approximately $8,612,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of CyberArk Software during the 4th quarter worth approximately $764,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $1,166,000. Finally, Spire Wealth Management increased its holdings in shares of CyberArk Software by 236.8% in the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after purchasing an additional 3,344 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. Royal Bank of Canada restated an "outperform" rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Friday. Morgan Stanley initiated coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an "equal weight" rating on the stock. KeyCorp raised their price target on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Robert W. Baird upped their price objective on CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $414.64.

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CyberArk Software Stock Down 2.1 %

CYBR stock traded down $7.26 on Tuesday, reaching $336.09. 510,152 shares of the company's stock were exchanged, compared to its average volume of 529,073. The stock has a fifty day moving average of $355.74 and a 200-day moving average of $331.41. The firm has a market cap of $16.61 billion, a PE ratio of -172.35 and a beta of 1.00. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.