CIBC Asset Management Inc Raises Position in CyberArk Software Ltd. (NASDAQ:CYBR)

CIBC Asset Management Inc increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,059 shares of the technology company’s stock after purchasing an additional 245 shares during the period. CIBC Asset Management Inc’s holdings in CyberArk Software were worth $1,184,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Curi RMB Capital LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth $774,000. Zions Bancorporation N.A. grew its position in CyberArk Software by 17.4% during the third quarter. Zions Bancorporation N.A. now owns 10,478 shares of the technology company’s stock worth $3,055,000 after buying an additional 1,551 shares during the period. Pier 88 Investment Partners LLC increased its holdings in CyberArk Software by 26.9% in the third quarter. Pier 88 Investment Partners LLC now owns 19,460 shares of the technology company’s stock valued at $5,675,000 after buying an additional 4,120 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of CyberArk Software by 87.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,155 shares of the technology company’s stock valued at $920,000 after acquiring an additional 1,474 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of CyberArk Software by 5.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,066 shares of the technology company’s stock worth $4,102,000 after acquiring an additional 733 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CYBR shares. Barclays boosted their target price on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup increased their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 9th. KeyCorp upped their price target on shares of 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 raised their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Trading Up 0.6 %

NASDAQ:CYBR opened at $316.90 on Thursday. The firm’s fifty day simple moving average is $287.06 and its 200 day simple moving average is $268.62. CyberArk Software Ltd. has a twelve month low of $186.96 and a twelve month high of $318.64. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 1,173.75 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.31) EPS. On average, analysts predict that CyberArk Software Ltd. will post -0.99 earnings per share for the current year.

CyberArk Software 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.