CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Principal Street Partners LLC

Principal Street Partners LLC lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 25.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 736 shares of the technology company’s stock after selling 253 shares during the period. Principal Street Partners LLC’s holdings in CyberArk Software were worth $209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CYBR. Jennison Associates LLC grew its holdings in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after acquiring an additional 9,570 shares during the period. RGM Capital LLC boosted its position in shares of CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares in the last quarter. Swedbank AB increased its holdings in shares of CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after purchasing an additional 45,799 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of CyberArk Software in the third quarter valued at about $82,485,000. Finally, Clearbridge Investments LLC increased its holdings in CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after buying an additional 160,269 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

CYBR has been the topic of a number of research reports. Jefferies Financial Group upped their price target on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Robert W. Baird raised their target price 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. Barclays increased their target price on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. DA Davidson upped their price objective on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Performance

CyberArk Software stock opened at $328.01 on Wednesday. The firm has a market capitalization of $14.29 billion, a PE ratio of 1,214.90 and a beta of 1.13. CyberArk Software Ltd. has a one year low of $191.56 and a one year high of $332.05. The stock’s 50 day moving average price is $292.30 and its 200 day moving average price is $271.74.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS 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 business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the previous year, the company posted ($0.31) earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts forecast that CyberArk Software Ltd. will post -0.62 earnings per share 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.