Franklin Resources Inc. lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 473,260 shares of the technology company's stock after selling 91,861 shares during the period. Franklin Resources Inc. owned about 1.09% of CyberArk Software worth $139,361,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in CYBR. Ensign Peak Advisors Inc bought a new stake in CyberArk Software during the 2nd quarter worth about $711,000. HighTower Advisors LLC raised its holdings in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after purchasing an additional 2,062 shares during the last quarter. Sycomore Asset Management raised its holdings in CyberArk Software by 36.6% during the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock worth $15,973,000 after purchasing an additional 16,294 shares during the last quarter. Groupama Asset Managment raised its holdings in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock worth $304,000 after purchasing an additional 5,402 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock worth $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.
NASDAQ CYBR opened at $313.36 on Monday. The company has a market cap of $13.65 billion, a PE ratio of 1,160.64 and a beta of 1.13. CyberArk Software Ltd. has a 12 month low of $198.01 and a 12 month high of $333.32. The stock has a 50 day moving average of $302.84 and a 200-day moving average of $278.70.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.31) EPS. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.
A number of brokerages have recently commented on CYBR. Wells Fargo & Company upped their price target on CyberArk Software from $300.00 to $350.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Royal Bank of Canada increased their target price on CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Mizuho increased their target price on CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research note on Friday. Scotiabank started coverage on CyberArk Software in a research note on Monday, October 21st. They set a "sector outperform" rating and a $340.00 target price for the company. Finally, KeyCorp increased their target price on CyberArk Software from $340.00 to $355.00 and gave the stock an "overweight" rating in a research note 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 stock has an average rating of "Moderate Buy" and an average target price of $333.00.
View Our Latest Analysis on CYBR
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.
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