Wellington Management Group LLP boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 67.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,497 shares of the technology company’s stock after buying an additional 8,653 shares during the period. Wellington Management Group LLP owned approximately 0.07% of CyberArk Software worth $1,094,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of CyberArk Software by 1.1% in the first quarter. Swiss National Bank now owns 35,900 shares of the technology company’s stock valued at $1,826,000 after buying an additional 400 shares during the last quarter. US Bancorp DE raised its position in CyberArk Software by 7.3% in the first quarter. US Bancorp DE now owns 6,959 shares of the technology company’s stock valued at $354,000 after buying an additional 476 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its position in CyberArk Software by 31.9% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,551 shares of the technology company’s stock valued at $231,000 after buying an additional 1,101 shares in the last quarter. SG Americas Securities LLC purchased a new position in CyberArk Software during the first quarter valued at approximately $102,000. Finally, DUPONT CAPITAL MANAGEMENT Corp raised its position in CyberArk Software by 61.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,539 shares of the technology company’s stock valued at $333,000 after buying an additional 2,500 shares in the last quarter. 77.27% of the stock is owned by institutional investors and hedge funds.
Shares of CyberArk Software Ltd. (NASDAQ CYBR) traded up 0.37% during midday trading on Wednesday, hitting $40.52. 813,535 shares of the company’s stock traded hands. CyberArk Software Ltd. has a 1-year low of $39.57 and a 1-year high of $59.28. The company has a 50 day moving average price of $44.37 and a 200 day moving average price of $49.21. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 52.02 and a beta of 2.57.
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A number of research analysts recently issued reports on CYBR shares. BidaskClub upgraded CyberArk Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Piper Jaffray Companies cut their price target on CyberArk Software from $63.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, May 12th. Bank of America Corporation cut CyberArk Software from a “buy” rating to an “underperform” rating and cut their target price for the stock from $62.00 to $43.00 in a research report on Friday, May 12th. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Evercore ISI restated a “buy” rating and issued a $56.00 price target (down previously from $60.00) on shares of CyberArk Software in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. CyberArk Software has a consensus rating of “Hold” and a consensus target price of $51.17.
CyberArk Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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