282,862 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 282,862 shares of the technology company’s stock, valued at approximately $82,485,000.

A number of other institutional investors have also added to or reduced their stakes in CYBR. Swedbank AB acquired a new position in CyberArk Software during the 1st quarter worth approximately $109,466,000. 1832 Asset Management L.P. increased its position in CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after purchasing an additional 358,602 shares in the last quarter. Anomaly Capital Management LP acquired a new position in CyberArk Software during the 2nd quarter worth approximately $49,145,000. Clearbridge Investments LLC increased its position in CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after purchasing an additional 160,269 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in CyberArk Software by 38.2% during the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 1.2 %

Shares of NASDAQ CYBR opened at $290.04 on Friday. The company’s fifty day simple moving average is $282.18 and its 200 day simple moving average is $262.32. CyberArk Software Ltd. has a 12-month low of $154.76 and a 12-month high of $308.63. The firm has a market cap of $12.26 billion, a PE ratio of -453.19 and a beta of 1.12.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. During the same quarter in the prior year, the company posted ($0.58) earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. On average, equities analysts predict that CyberArk Software Ltd. will post -1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CYBR. Oppenheimer upped their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird boosted their target price on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Mizuho boosted their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada began coverage on shares of CyberArk Software in a report on Friday, September 20th. They set an “outperform” rating and a $328.00 target price on the stock. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $306.58.

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.