Quantinno Capital Management LP Has $453,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Quantinno Capital Management LP boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,553 shares of the technology company’s stock after buying an additional 73 shares during the quarter. Quantinno Capital Management LP’s holdings in CyberArk Software were worth $453,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CYBR. Ensign Peak Advisors Inc acquired a new stake in shares of CyberArk Software in the second quarter valued at about $711,000. HighTower Advisors LLC increased its position in CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after buying an additional 2,062 shares during the period. Sycomore Asset Management lifted its holdings in shares of CyberArk Software by 36.6% during the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock worth $15,973,000 after buying an additional 16,294 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of 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 buying an additional 9,570 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the third quarter valued at approximately $82,485,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $313.36 on Friday. CyberArk Software Ltd. has a 52 week low of $198.01 and a 52 week high of $333.32. The stock has a market capitalization of $13.65 billion, a PE ratio of 1,160.64 and a beta of 1.13. The stock’s fifty day moving average is $302.84 and its 200-day moving average is $278.70.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data 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 firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the firm earned ($0.31) EPS. The company’s revenue was up 25.6% on a year-over-year basis. As a group, analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

CYBR has been the subject of several research analyst reports. Piper Sandler upped their target price on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Oppenheimer increased their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group upped their price target on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, KeyCorp boosted their price objective on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $333.00.

About CyberArk Software

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.