CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,120 shares of the technology company’s stock after selling 8,354 shares during the quarter. The Manufacturers Life Insurance Company owned 0.25% of CyberArk Software worth $29,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB acquired a new position in CyberArk Software during the first quarter worth about $109,466,000. 1832 Asset Management L.P. raised its position in shares of 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 during the last quarter. Global Assets Advisory LLC purchased a new stake in CyberArk Software in the 1st quarter valued at approximately $67,736,000. Contour Asset Management LLC acquired a new stake in CyberArk Software during the 4th quarter valued at $48,605,000. Finally, Anomaly Capital Management LP purchased a new position in CyberArk Software during the second quarter worth $49,145,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Susquehanna raised their price target on shares of CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Wedbush boosted their price objective on shares of CyberArk Software from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. JMP Securities reissued a “market outperform” rating and set a $310.00 price objective on shares of CyberArk Software in a research note on Monday, June 17th. Finally, Canaccord Genuity Group lowered their target price on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $295.92.

CyberArk Software Trading Up 3.1 %

Shares of CyberArk Software stock opened at $291.61 on Tuesday. The company has a fifty day moving average price of $270.61 and a 200 day moving average price of $258.53. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of -455.64 and a beta of 1.11. CyberArk Software Ltd. has a twelve month low of $152.03 and a twelve month high of $293.31.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The business had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.58) earnings per share. Analysts forecast that CyberArk Software Ltd. will post -1.06 earnings per share for the current 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.